Technology

Easypaisa Introduces Money Transfer Through Biometric Verification Devices

Easypaisa Introduces Money Transfer Through Biometric Verification Devices

Easypaisa Introduces Money Transfer Through Biometric Verification Devices

Pakistan’s leading mobile service provider easypaisa has launched first ever Biometric Money transfer facility on its wide network of Easypaisa retailers across Pakistan.

As mobile financial services is gaining popularity customers were demanding higher limits to cater their financial needs. With biometric money transfer facility customers can send up to Rs 50000 which was previously limited to Rs 15000 only. Customers who avoid sharing their CNIC details will now be able to securely send money up to Rs 50000 across the country.

At this point of time there are approximately 20000 Easypaisa retailers equipped and trained to facilitate the customers to transfer money using biometric verification machines.

President and CEO of Tameer Bank, Ali Riaz Chaudhry, said:

With a network of over 75,000 retailers across rural and urban areas, Easypaisa has been the most popular and successful over-the-counter (OTC) money transfer service crossing 650,000 transactions per day.  Introducing biometric methods of identification further enhances transparency, safety and ease of the transaction.

Head of Easypaisa, Muhammad Yahya Khan, said:

With Biometric verification as the strongest KYC available anywhere in the world, Easypaisa is ensuring real-time verification of the customers and using latest technology to support our valued customers. Easypaisa’s higher money transfer limits will address growing segment of the market who want to send higher amounts hence increase customer’s reach and trust, helping in tapping the true potential of branchless banking industry in Pakistan.

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