What is microfinance bank?
What is microfinance bank?
Microfinance Bank (MFB) is any company licensed by the Central Bank of Nigeria CBN to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to microfinance clients.
Is Telenor microfinance and easypaisa same?
Initially launched as a money transfer service. Easypaisa is part of Telenor Microfinance Bank and operates as a branchless banking service.
Who is the owner of Telenor bank?
Telenor
Ant GroupTelenor Pakistan (Private) Limited
Telenor Microfinance Bank/Parent organizations
What is the meaning of easypaisa?
Easypaisa is a Pakistani mobile wallet, mobile payments and branchless banking services provider. Easypaisa was initially launched as a money transfer service through Unstructured Supplementary Service Data (USSD) channels.
What are the products of microfinance?
Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services.
What is difference between bank and microfinance?
A bank is a financial institution that accepts deposits from the public and creates credit. Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services (Wikipedia).
Who is the owner of Tameer Bank?
What is Telenor bank account?
A mobile bank account Using easypaisa Mobile Accounts, Telenor subscribers are also able to pay bills and transfer money in addition to a range of other services from their own mobile phones. The bank account is provided through the customer’s Telenor connection and can be used at anytime and anywhere.
Which bank gives loan against gold?
BOP Sonay pe Sohaga is a running / cash / demand finance facility against pledged gold bullion / gold ornaments for consumers to meet cash requirements.
Which bank is EasyPaisa?
Telenor Microfinance Bank
Telenor Microfinance Bank (previously Tameer Bank), a joint venture between Telenor and Ant Financial, is both Pakistan’s leading microfinance bank and branchless bank (Easypaisa).
What is Easypay Pakistan?
Easypay is Pakistan’s first complete online payment solution for eCommerce customers and sellers. With Easypay, anyone, anywhere in Pakistan can conveniently and securely pay Online.
What is microfinance example?
Examples of micro-enterprises include basket-making, sewing, street vending and raising poultry. The average global interest rate charged on micro-loans is about 35%. Although this may sound high, it is much lower than other available alternatives (such as informal local money lenders).
Who is the CEO of Tameer MicroFinance Bank?
Following Telenor Group’s 100% acquisition of Tameer Microfinance Bank, Telenor Pakistan will, with immediate effect, transfer the management of Easypaisa to Tameer. As part of this transaction Nadeem Hussain, Founder of Tameer Bank will relinquish his position as President and Chief Executive Officer.
Is Tameer owned by Telenor?
Telenor Group and Tameer Microfinance Bank Ltd. today announced that the companies have completed a transaction whereby Telenor Group has acquired the remaining 49% of the shares of Tameer Microfinance Bank Limited (Tameer), making Tameer a wholly owned entity within Telenor Group.
Who will be the next CEO of Tameer?
In recognition of Nadeem Hussain’s deep knowledge of Microfinance Industry, Telenor Group will appoint Hussain as a member of the Board of Tameer. The board of Directors of Tameer has voted to appoint Ali Chaudhry as the President and Chief Executive Officer, replacing Nadeem Hussain.
How Tameer has changed the face of financial inclusion in Pakistan?
“Tameer has fundamentally changed the face of Financial Inclusion in Pakistan. This team has built an effective model that will serve as a global benchmark for years to come. I have immense pride in what we have been able to achieve so far, and am confident that Tameer will continue to grow successfully,” said Nadeem Hussain.
