Telenor Microfinance Bank has entered into a partnership with Careem Pakistan allowing the ride-hailing service to disburse payments to their captains through the bank’s branchless banking platform – Easypaisa.
Careem is set to utilize Easypaisa’s extensive network of over 75,000 agents nationwide to ensure smooth and transparent disbursement of payments to its Captains. Through this partnership, the Bank will provide Careem with a single and secure financial platform for efficient disbursement of performance based bonuses and commissions as well as other payments to its Captains.
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This will enable Careem to cater to captains who do not use formal financial services and prefer to earn weekly wages.
Telenor Microfinance Bank will facilitate Careem Captains in registering for their Easypaisa mobile accounts after which all of their due payments would be digitally transferred directly to their Easypaisa accounts.
The Captains would then be able to receive the amount over the counter through Easypaisa agents or shops after biometric verification. This will ensure that the money is only received by the intended Captain.
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Shahid Mustafa, President & CEO, Telenor Microfinance Bank commented on the partnership and said:
“We are committed to playing our role in the promotion of financial inclusion and the overall digital ecosystem in the country. This collaboration reiterates our resolve to be a major player in the digitization of financial services in Pakistan”
Junaid Iqbal, Managing Director, Careem Pakistan.
“Careem’s mission is to simplify the lives of our people. We realize the importance of timely payments to captains, they work very hard and should be able to access their earned income with ease. With this partnership we will disburse payments even more quickly and further facilitate them in the process”
Source: Telenor Microfinance Bank