Easypaisa, the top digital payments app in Pakistan, has introduced an industry-first Credit Score Visibility option for its customers in a move that will change how consumers access digital financial services. Customers will ultimately have access to a wide range of new prospects thanks to this cutting-edge solution, which will also instruct them on the finest financial management techniques.
Customers who are qualified for Easycash loans will be the only ones allowed to see their Easypaisa Credit Score through the app. Customers may learn about their credit profile, savings, and subscriptions, as well as the effects of their digital payment habits and credit score with this new service.
While as a nation we are making great strides in financial inclusion, access to credit remains still an area where lack of economic documentation prevents the majority of Pakistanis from obtaining formal credit from a financial institution, said M. Mudassar Aqil, CEO, Easypaisa/Telenor Microfinance Bank in response to this development.
The addition of credit scores to the Easypaisa app is a thrilling first step in our path toward empowering every user to understand what a credit score is and how to increase it so they can get credit with better conditions. Additionally, this function would encourage Easypaisa users to do business online and advance Pakistan’s transition to a cashless society.
Customers who have a better understanding of their credit scores will not only be more financially independent but also more aware of the advantages of raising their ratings.
“Our dedication to financial inclusion is unsurpassed, and the Easypaisa Credit Score is the latest example of our efforts to raise consumer knowledge and transparency while providing them greater power and freedom,” said Khurram Waraich, Group Head, Digital Lending & Data Science, of Easypaisa.
Easypaisa’s revolutionary, AI-powered Credit Score rating, which was introduced immediately after the in-app “Savings” function, promises to enhance lives via financial literacy.
With innovations like these, Easypaisa continues to be dedicated to converting Pakistan into a cashless and financially inclusive country by harnessing the strength of teamwork and technology.
To read our blog on “In an interview, CEO Easypaisa explains the Future of Fintech in Pakistan,” click here.
