Telenor Pakistan and Tameer Microfinance Bank launched easypaisa, a branchless banking solution that allows users to conduct financial transactions through mobile phones and at thousands of outlets across Pakistan. The Governor of the State Bank of Pakistan emphasized the importance of promoting financial access. Easypaisa will allow users to pay bills, send and receive money, and manage bank accounts remotely, providing financial empowerment to the 12% of adults currently served by formal financial services. Tameer Microfinance Bank's CEO said branchless banking can help the bank's low-income customers gain access to services through mobile phones and agents.