Easypaisa, Pakistan’s Leading Digital Payment Platform Partners with Sarmaya Microfinance; An Evolving Instant Loan Disbursal Service
Often at times, you got moved with an idea and want to work on it but due to lack of finances, you have to drop it immediately. If you’re in the same boat and stuck because of financial constraints, Sarmaya Microfinance comes to the rescue.
To bring more ease, it has successfully partnered with EasyPaisa; the leading digital payment gateway of Pakistan to digitize loan service on a click.
With this partnership, it will be easy to receive loan without getting into the tedious paperwork. The duration is as short as 5 minutes. You only need to download the app, fill in your personal details. And once your information is verified you can request the loan from the Microfinance Bank.
SMP is one of the leading Microfinance institutions in Pakistan through which you can avail wide range of financial services. With its app EasyLoan, you can request a personal loan of up to Rs, 50,000 without standing in queues and filling out lengthy forms.
Its app is powered by advanced data science and machine learning. Anyone with an Android phone and with or without a formal credit history can apply for a loan, get an instant decision and receive funds directly to their account within no time.
The initiative is especially for SMEs and startups who want to do something to add value to people’s lives but don’t have enough resources. With Sarmaya Finance digital microfinance services you can save and grow your finances.
Apart from this, SMP also aims to improve the quality of life by making financial help accessible for everyone.
Habib ur Rahman CEO of Sarmaya Microfinance says,
“Digital lending, unlike the traditional form of credit lending, is more inclusive in nature,” he adds. “It also covers individuals and businesses, especially small and medium-sized enterprises (SMEs), that do not have a credit history or are deemed to have low creditworthiness.“Bad loans are also less likely with digital lending, as users are checked for their credit behaviour through traditional, as well artificial intelligence (AI)-based, algorithms,” he continues. “Digital lending methodology looks not only at an ability to pay, but also a willingness to pay.”
Easypaisa’s API Gateway is the first tool of its kind that allows seamless integration of the digital payments platform with businesses exploring digital payment methods.
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