easypaisa, Binance to develop emerging financial technology in Pakistan

easypaisa digital bank, backed by Telenor and Ant Group, has signed a Memorandum of Understanding (MoU) with Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, to explore the adoption and growth of emerging financial technologies in Pakistan.

The MoU was signed in Islamabad between Jahanzeb Khan, President and CEO of easypaisa digital bank, and Tarik Erk, Regional Head for MENAT and Senior Executive Officer (SEO) Abu Dhabi at Binance, read an official statement.

Under the MoU, easypaisa and Binance will initiate exploratory discussions to assess potential areas of collaboration to support the development of Pakistan’s digital savings and investment ecosystem.

“Any future collaboration will remain subject to applicable regulatory approvals, evolving regulatory frameworks, and the fulfilment of all licensing and compliance requirements,” it said.

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Binance has also obtained AML registration under the Pakistan Virtual Assets Regulatory Authority (PVARA), marking an important step in supporting Pakistan’s regulated digital financial ecosystem.

According to the statement, proposed initiatives under the MoU may include exploratory awareness, education, and capacity-building initiatives, which will enable the bank to develop potential future initiatives in line with applicable regulatory guidelines.

Commenting on the collaboration, Jahanzeb Khan, President & CEO, easypaisa digital bank, said, “Leveraging Binance’s expertise in emerging areas of financial technology presents an opportunity for us to learn and explore in line with the guidelines of the PVARA.

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“We look forward to working with Binance to explore safer and more reliable ways to support digital financial access and innovation in Pakistan.”

Meanwhile, Tarik Erk, Regional Head for MENAT and SEO Abu Dhabi at Binance, added, “Partnering with easypaisa reflects Pakistan’s growing potential as a forward-looking market for emerging financial technologies, supported by scale, trust, and increasing regulatory engagement.”

“With rising awareness and interest across Pakistan, we believe Binance’s global expertise, combined with easypaisa’s local reach and scale, can help support responsible innovation and long-term ecosystem development.”