Inov8 – Official Release
Telenor Microfinance Bank’s mobile money platform, Easypaisa, and the 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. Continue reading
Tags: Series A Funding, falcon, partner, contactless, UAE, Mastercard, mobile financial services industry, Telenor, i8 ServiceBus, on-the-go, MFS providers, Commerce, bank account, loyalty, travel, payment models, underbanked, i8-SB, mobile payments company, Inov8 Limited, Pakistan, retail stores, middleeast, finance, consumers, $100 million, mobile commerce, branchless banking, Omni, $5.4 million