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Telenor Microfinance Bank & Inov8 join hands to further promote the mobile financial services industry

Telenor Microfinance Bank & Inov8 join hands to further promote the mobile financial services industry

Telenor Microfinance Bank’s mobile money platform, Easypaisa, and Inov8 Limited have signed a strategic agreement to offer Easypaisa’s vast distribution network to all commercial banks who are signed up with Inov8 technology.  The agreement was signed by the President & CEO Telenor Microfinance Bank, Ali Riaz Chaudhry and Co-Founder and Co-CEO Inov8 Limited Bashir Sheikh, in presence of respective management teams. Under the agreement, Telenor Microfinance Bank has licensed Inov8 Limited’s latest financial technology product, i8 ServiceBus (i8-SB), which will allow the mobile financial services provider to integrate with all Inov8 Limited deployments, offering their industry leading agent network for use by other banking players. The first bank has already been integrated as part of the implementation with others to follow soon. Easypaisa has the largest agent network across Pakistan, while Inov8 Limited has the most widely deployed technology in the country for mobile and branchless banking, making this a natural synergy that can help the industry grow. Sharing his thoughts at the signing ceremony, Ali Riaz Chaudhry, President & CEO, Telenor Microfinance Bank, said: “Easypaisa’s mission is to provide the underbanked of the world with instant access to relevant, convenient and affordable financial services. In that respect we are delighted to partner with Innov8’s cutting edge technology used by multiple Banks. This is our way of showing that Easypaisa, world’s largest bank-led mobile money program, supports all Commercial Banks in offering their customers the country’s largest distribution network. Together, we can empower our societies much faster.” Bashir Sheikh, Co-Founder and Co-CEO Inov8 Limited, stated: “We created i8-SB to allow seamless integration between MFS platforms. One of the biggest use cases in our market is connecting new branchless and digital banking players to agent networks. We are proud to have the largest agent network in the country, and one of the largest MFS providers in the world, Easypaisa, as a...

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Gree Features Mr & Mrs Akram in its new TV Commercial

Gree Features Mr & Mrs Akram in its new TV Commercial

GREE – a globally leading brand of air-conditioning technology has introduced a new campaign of the G10 Inverter series, featuring Mr  & Mrs Wasim Akram. This campaign sheds lights on the extremely energy-efficient G10 Inverter technology and its unique features, whereby living up to its tag-line ‘Chalta Jaye, Sath Nibhaye”. This is for the first time that Mrs Waseem Akram which is an Australian Born, named Shaniera Akram has arrived for any commercial in Pakistan. Mr & Mrs Akram have endorsed Gree as the best of the best brand for air conditioners. The TVC is primarily focused on the highly energy-efficient smart-inverter Air conditioner – G10, which ensures the best cooling, even in low-voltage. The G10 Inverter AC’s are equipped with an Auto-Voltage Adaptation of 150 – 260 Volts, eliminating the threats of low-voltage fluctuation which damages the AC. It has an Energy Efficiency Ratio (EER) of 4.0, whereby consuming 60% less energy than the regular ACs. GREE has a wide range of Air conditioners, available in a range of attractive designs, colours and features, which are guaranteed to ensure the best performance. In Pakistan, DWP Group is the official distributor of GREE that ensures nationwide availability of its...

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Huawei Smartphone Shipments up 21.6% year-on-year in Q1 2017

Huawei Smartphone Shipments up 21.6% year-on-year in Q1 2017

Today, Huawei Consumer Business Group announced that in Q1 2017, it shipped 34.55 million Smartphones, this amounts to a year-on-year increase of 21.6%. According to IDC, Huawei’s global smartphone market share further increased to 9.8%, consolidating its position in the top three smartphone vendors in the world. In Q1 2017, Huawei achieved breakthrough growth in many countries. Its smartphone shipments increased by over 50% year-on-year in 52 countries, 32 of which saw growth of over 100%. In China and Europe, Huawei smartphone shipments maintained robust growth of 20% and 15% respectively. Meanwhile, in Southeast Asia and the South Pacific, smartphone shipments increase over 70% . In addition, significant growth was achieved in the high-end smartphone sector, boosted by the global sales of the HUAWEI P9 series and HUAWEI Mate 9, further demonstrating Huawei’s increased influence as a global high-end brand. In Q1, the proportion of middle and high range (2000 RMB or above $300) smartphone increased 11% on the same period last year. According to GfK, for the global high-end market of 500 USD and above, Huawei held 9.7% market share in February 2017, reaching 10% in 9 countries, including China, Spain, Italy, Thailand, Malaysia, South Africa, Poland and other key markets. The latest HUAWEI P10 series flagship smartphone, which is now available in over 30 markets since its launch on February 26, 2017, is gaining huge popularity among consumers all over the world thanks to the outstanding photography experience it provides. Huawei is also confounding the sluggish sales of the overall tablet market. Huawei’s tablet business has grown significantly in both the enterprise and consumer spaces with shipments rising over 70% year-on-year. “Thanks to the growing global recognition of Huawei products and the Huawei brand, Huawei Consumer Business Group’s influence has further increased as a high-end brand in Q1 2017,” said Richard Yu, CEO of Huawei Consumer Business Group. “Moving forward, Huawei Consumer Business Group will be focused on improving customer service, and building up its presence within sales channels, retail, branding, marketing, services and other sectors, to proactively streamline operations enhance the overall customer experience. Meanwhile, Huawei Consumer Business Group will continue to develop Artificial Intelligence (AI) products and innovations. These will provide users with excellent experiences and cement Huawei as a leader in emerging technologies while establishing the company as a cultural technology brand loved by consumers the world...

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Telenor Velocity team with their mentors and startups

Telenor Velocity team with their mentors and startups

Telenor Velocity held a two day Startup Meet for its startups of Cohort 2 in Islamabad last week. There was an excellent lineup of mentors including Experts, Founders and Representatives from Facebook, Careem, Crickout, MangoBaaz, Convo, Finja, Taazi and Chaaye Khaana with discussions  on customer acquisition, growth hacking, product-market fit, investment and sustainability. Picture shows Telenor Velocity team with their mentors and...

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Telenor Pakistan celebrates ‘Girls in ICT Day’, stresses increased role of young women in the ICT sector

Telenor Pakistan celebrates ‘Girls in ICT Day’, stresses increased role of young women in the ICT sector

To encourage Pakistani girls to prepare themselves for opportunities offered by the booming ICT sector, Telenor Pakistan celebrated the ‘International Girls in ICT Day’ where it held an awareness session for female students of class 8 to 10 at GSIS School and College, Islamabad, followed by setting-up of an ICT lab at Hamara School, a private school cum orphanage in the outskirts of Islamabad. Telenor Pakistan celebrates ‘Girls In ICT Day’. The picture shows: Christopher Laska – Chairman Telenor Pakistan Board, Tahir Mushtaq – Member (HRD) MoIT, Haaris Chaudhary – Company Secretary USF, and Quratulainali Rizvi – Principal GSIS School and College, along with the students. The purpose of the awareness session was to educate young girls on the importance of pursuing higher education in math, engineering, computing, and sciences so they are prepared to land bright career opportunities that the ICT sector has to offer. The young students were informed that ICT companies across the world are looking to attract and promote women, not only because achieving greater workforce diversity is good for business, but also because increasing women at all levels has shown positive impacts on the companies’ financial performance. Two Telenor Pakistan female employees also trained schoolgirls on using the internet safely for fun and learning. “We at Telenor Pakistan believe in an inclusive working environment and encourage women to prepare themselves to benefit from the opportunities ICT sector holds for them,” said Irfan Wahab Khan, CEO, Telenor Pakistan. “The representation of women in all of our initiatives from employment opportunities to mentoring entrepreneurs and youth empowerment measures is something we never compromise on.” Telenor Pakistan, being the country’s leading ICT player and a catalyst of ICT-powered digital revolution, has a clear view of where the sector is headed and what it lacks most – the unequivocal answers being ‘immense growth’ and ‘women’ respectively. The company believes that a more gender-balanced ICT sector will offer fulfilling mid- and high-level careers, and enable highly talented women to springboard to the top of the career ladder. Telenor supports United Nations Sustainable Development Goals (SDGs), in particular the SDG 5 that is aimed at achieving gender equality and empowering all women and girls through, Information and Communication Technologies. The observance of ITU’s ‘Girls in ICT Day’ was an extension of the organization’s efforts to support that very SDG and promote women’s inclusion in the mainstream employment...

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Telenor Microfinance Bank’s Easypaisa services available at Utility Stores nationwide

Telenor Microfinance Bank’s Easypaisa services available at Utility Stores nationwide

In a first-of-its-kind partnership, Telenor Microfinance Bank joins hands with Utility Stores Corporation (USC) to make its mobile money service, Easypaisa, available at Utility Stores nationwide. The agreement was signed in Islamabad between Ali Riaz Chaudhry – President & CEO Telenor Microfinance Bank, and Waseem Mukhtar Chaudhary – Managing Director Utility Stores Corporation, in the presence of respective management teams. This partnership is in line with Telenor Microfinance Bank’s ambition to revolutionize Pakistan’s financial landscape and extend the benefits of mobile money to the under-banked people in the country. USC is a state-owned, largest retail chain store enterprise in Pakistan, providing basic commodities at low rates to the masses. Commencing with 50 stores in Islamabad and Rawalpindi, the project will gradually expand to over 5,000 Utility Stores spread across the country. Speaking on the occasion, Ali Riaz Chaudhry, President & CEO, Telenor Microfinance Bank said, “We are the proud pioneers of mobile money with 9.2 million mobile account customers in Pakistan. This alliance is a continuation of our industry-first initiatives. We are delighted to offer further convenience and ease of access for all Easypaisa customers. Going forward, we plan on extending the partnership to include services like Till Payments, G2P Disbursements, Lending/Loan Repayments and Insurance Payments.” Also adding, Waseem Mukhtar Chaudhary, Managing Director, USC said, “Being the largest retail chain in Pakistan, we want to deliver greater variety and convenience to our customers which this partnership with Telenor Bank will help us achieve. We respect Telenor Bank’s financial inclusion goals and are proud to be a part of the cause that aims to bring ease to millions of underserved lives.” Nearly 650,000 transactions are conducted on Telenor Microfinance Bank’s mobile banking platform ‘Easypaisa’ everyday by 20 million active customers. In pursuit of Telenor Microfinance Bank’s financial inclusion goals, the organization embarks the untapped and underutilized retail segments to make services comprehensively accessible to everyone. The arrangement with USC will further increase financial access as it would provide agent proximity for...

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