TMB, the Ericsson Mobile Financial Services platform has successfully accomplished a noteworthy tech stack upgrade by Ericsson and Telenor Microfinance Bank (TMB), bringing it up to date with the newest cloud-native version.
Now, an avant-garde open architectural solution with numerous Application Programming Interfaces (APIs) and improved functionality will power the new platform.
The redesigned platform accelerates easypaisa’s goal of promoting financial inclusion and economic empowerment across the country by strengthening its capacity for innovation and providing a wider range of digital financial services.
Following this successful upgrade, easypaisa is now ready to serve Pakistan’s expanding digital economy by boosting its operational services, introducing new revenue streams, and driving fintech innovations in line with the bank’s ongoing Digital Retail Bank transformation (pending clearance from SBP).
Mohammad Hasan Ayaz, Chief Technology Officer, Telenor Microfinance Bank/easypaisa, said: “This upgrade and renewed commitment mark a significant milestone for easypaisa’s technology stack, serving as a key enabler in providing secure and reliable financial services across the country. With the introduction of cloud-native technologies through Ericsson’s Mobile Financial Services platform, easypaisa will be able to scale all lines of business in the coming years and play a pivotal role in shaping the future of Pakistan’s digital banking landscape, while staying true to our mission of financial inclusion for millions.”
Michael Wallis-Brown, Head of Mobile Financial Services at Ericsson, stated: “Ericsson’s Mobile Financial Services platform has been at the forefront of mobile money and digital wallets for over a decade. The successful deployment of our latest cloud-native Mobile Financial Services platform will support easypaisa in scaling their operations and in providing a seamless and efficient mobile financial experience in Pakistan’s rapidly evolving fintech landscape. Our achievement with easypaisa is a testament to the strength of our partnership and our shared vision for advancing financial inclusion and empowering individuals and businesses to thrive in a digital economy and benefit from digital banking features.”
Telenor Microfinance Bank is initiating the fintech revolution in the country and are using technology and teamwork to give millions of Pakistanis access to financial services. Ericsson and TMB, as the engines of a digitally inclusive economy, are dedicated to changing lives, fostering transparency, and advancing the idea of a really digital Pakistan.
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