A very peace full ceremony took place in Lahore, Bahawalpur: On July 7, 2021 at the NRSP MFBL headquarters in Bahawalpur, Zahoor Hussain Khan, CEO / President of NRSP Microfinance Bank, and Dr. Zain Farooq, CEO of MYTM Pvt Ltd., signed an agreement for the integration of financial services of the NRSP microfinance bank with the MYTM digital platform
In this project, NRSP MFBL will provide financial services to reinforce and expand its horizon within the digital world through an emerging platform “MYTM”. At an equivalent time, both institutions will collaborate on creating financial inclusion and digital awareness to empower 83% of Pakistan’s unbanked and unbanked adult population.
Other officials at this ceremony included Asad Mushtaq-EVP / Head IT & Branchless Banking (Fori Cash), Qasim Naseer-SVP / Senior Manager Business Technology and Kashif Jamal-SVP / Senior Manager Branchless Banking from NRSP Microfinance Bank Ltd. and Jawad Mahmood, COO, Usman Khan, CTO, Syed Riaz, COO, Product & Strategy, Syed Atif Abbas, COO, Branchless Banking, Sarwar Awan, COO & Partnerships, Asad Ejaz, COO of the client and M. Moaz Mirza-Financial Analyst at MYTM Pvt Ltd
NRSP Microfinance Bank Ltd. is one of Pakistan’s leading microfinance banks with a strong social mission of providing financial services to poor and marginalized clients, including SMEs and retailers. The Bank also offers quality banking services to its valued clients, including government and personal institutions.
MyTM empowers retailers and merchants by providing a comprehensive solution to serve the financial needs of the banked, unbanked and unbanked simultaneously. The customer does not need a smartphone or a prepaid digital account to pay their bills, buy intercity tickets or request and pay loans at MyTM-enabled points of sale. MyTM has hosted a hybrid ideal in this space. Cash and cashless transactions can be done simultaneously. MyTM aims to build a network of trust across its MyTM Dukaan-enabled retailers.
