0
Wireless

Telenor, Ant Financial partner on m-payment, digital financial services in Pakistan

Wednesday 14 March 2018 | 08:48 CET | News
Telenor Group has reached a partnership agreement with Ant Financial Services Group in Pakistan. Ant Financial will invest USD 184.5 million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to develop TMB's mobile payment and digital financial services. Completion of the transaction is subject to customary regulatory approvals.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Alipay / Telenor
Countries: Pakistan
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telenor to sell 55% stake in Pakistan banking and payments business

Published 03 Nov 2021 09:24 CET | Pakistan
Telenor Group has announced it is considering a potential sale of its 55 percent ownership stake in Telenor Microfinance Bank in ...

Huawei launches m-wallet in Pakistan with National Bank, UnionPay

Published 21 Jan 2020 09:03 CET | Pakistan
Huawei has launched its mobile wallet service dubbed 'Huawei Pay' in Pakistan. Huawei launched its 'Huawei Pay' platform in ...

Telenor lifts dividend 4% as Thai activities weigh on results

Published 30 Jan 2019 09:10 CET | Scandinavia
Telenor reported a small drop in fourth-quarter results, hurt by weakness in Thailand and Myanmar, while meeting its full-year ...