ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has taken the first formal step toward acquiring a majority stake in Easypaisa, one of the country’s largest digital financial services platforms as part of its broader strategy to expand its presence in the digital finance sector.
According to local media reports, PTCL’s Board of Directors has given the green light to the submission of a binding offer to buy a controlling interest in Easypaisa. This may prove to be one of the most important deals for Pakistan’s telecom and fintech industries.
This is because the deal follows PTCL Group’s acquisition of Telenor Pakistan, as the company seeks to build up its digital business by acquiring another major fintech firm.
Sources claimed that Easypaisa is the unnamed firm that was mentioned in PTCL’s recent announcement to PSX where the telecom giant announced that its Board of Directors had given the go ahead for a binding offer for the acquisition of a majority interest in another firm. PTCL did not disclose the name of the target firm because of confidentiality agreements.
It is now in the due diligence and commercial negotiation stage. However, the acquisition is still not complete and depends upon regulatory approval, financial terms, and execution of definitive documentation.
The development follows earlier reports that Telenor was considering selling its majority ownership in Easypaisa following its withdrawal from Pakistan’s telecommunications industry by selling Telenor Pakistan to PTCL Group. It is reported that Telenor is looking for a purchaser for its 55 percent share in Easypaisa while China’s Ant Group has the other 45 percent.
Easypaisa has established itself as one of Pakistan’s top digital payment systems with more than 55 million customers. Easypaisa has been granted the status of the first digital bank in Pakistan in 2025.
Analysts believe acquiring Easypaisa would provide PTCL with an established digital banking ecosystem, including mobile wallet services, merchant networks, and branchless banking operations, rather than building a similar platform from the ground up.
The acquisition opportunity is considered significant because major competitors in Pakistan’s digital payments market, including JazzCash, remain part of their existing corporate groups and are not currently available for acquisition.
If completed, the deal would bring Easypaisa under the PTCL Group’s expanding business portfolio, allowing the telecom giant to combine its nationwide connectivity infrastructure with one of Pakistan’s most recognized digital financial platforms.
PTCL has said it will inform the stock exchange about any material developments in accordance with regulatory requirements. The company and Easypaisa have not yet issued an official confirmation regarding the proposed transaction.
The deal will require completion of due diligence, regulatory clearances, and approval from relevant authorities before it can move toward final completion.
