Easypaisa and amp; Faysal Funds Collaborate to Bring Fully Digital Investment Journey - Press Release issued by Easypaisa.

Karachi -- January 12, 2023 (PPI-OT)

Following is the text of press release issued by Easypaisa

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Easypaisa, Pakistan's leading digital payments platform has partnered with Faysal Funds (Faysal Asset Management Limited), one of the fastest-growing Asset Management Companies in the industry, with an aim to boost the collective vision of financially empowering all Pakistanis, especially when it comes to investments and saving for their future. This collaboration will open new avenues into the untapped market of more than 14 million easypaisa customers.

To facilitate investors across Pakistan, Faysal Funds has embraced digital transformation of the Asset Management Industry and has introduced fund management through a mini app integrated directly in the easypaisa app. An agreement to this effect was recently signed in Karachi by M. Mudassar Aqil, CEO, Telenor Microfinance Bank/ easypaisa and Khaldoon Bin Latif, CEO Faysal Funds. Senior officials from both the organizations were also present on the occasion.

The ceremony was also attended by Mr. Salman Ahmed Usmani, Chairman of the Board, Faysal Bank. Joining via video link, Mr. Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP) also congratulated both the institutions on this ground-breaking partnership. Easypaisa customers can experience hassle-free investing on the go by opening an account with Faysal Funds in just a single tap.

No documentation is required, while customers get complete access to perform investment and amp; withdrawal transactions, view their transaction history, analyze fund performance and fetch their account statement from within the easypaisa app.

Commenting on the partnership, M. Mudassar Aqil, CEO Telenor Microfinance Bank/ easypaisa, said: "We are excited to partner with Faysal Funds as this partnership will enable us to carry...