Pakistan Telecommunication Company Limited (PTCL) has taken a formal step toward acquiring a majority stake in Easypaisa, one of Pakistan’s major digital financial services platforms. PTCL’s Board of Directors has approved the submission of a binding offer for a majority stake in Easypaisa, according to reports citing sources familiar with the matter. The potential transaction could bring together PTCL Group’s telecommunications infrastructure and Easypaisa’s digital payments and financial services platform, creating a significant combination between Pakistan’s telecom and fintech sectors. The transaction is not yet final and remains subject to due diligence, commercial negotiations, regulatory approvals and the signing of definitive transaction documents.
The development follows PTCL’s acquisition of Telenor Pakistan and could represent another major step in the group’s broader digital business strategy. Easypaisa was not included in PTCL’s earlier acquisition of Telenor Pakistan because the digital financial services business operates independently from the telecom company. Easypaisa is owned by Telenor and Ant Group, with Telenor holding a controlling stake and Ant Group holding the remaining interest. A potential transaction involving PTCL could provide a route for Telenor to divest its interest in the digital financial services platform while giving PTCL access to an established fintech business.
Easypaisa has developed into a major player in Pakistan’s digital financial services market, serving millions of registered users. The platform became the country’s first digital bank approved for commercial operations in 2025, expanding its position beyond traditional mobile wallet services. Its platform provides digital payment and financial services to consumers and merchants, while its established customer base and financial technology infrastructure give it a significant presence in Pakistan’s evolving digital finance ecosystem. For PTCL, acquiring a majority stake would provide access to an established digital financial platform rather than requiring the group to develop a comparable business independently.
The potential acquisition could also create opportunities to connect Easypaisa’s digital financial services with PTCL Group’s telecommunications infrastructure and customer base. Easypaisa operates digital payment services, mobile wallet facilities, merchant services and branchless banking operations, while PTCL Group has a significant presence across Pakistan’s telecommunications and digital services markets. Bringing these capabilities under the same corporate group could create opportunities for greater integration between connectivity and financial services. However, the companies have not yet disclosed specific plans for integration, product development or future operations, and any such strategy would depend on the completion of the proposed transaction.
PTCL has not publicly identified Easypaisa as the target company in its recent Pakistan Stock Exchange disclosure, citing confidentiality obligations and the absence of a final agreement. The company disclosed that its Board had approved a binding offer to acquire a majority stake in an unnamed company, while stating that material developments would be communicated to the stock exchange in accordance with regulatory requirements. The proposed Easypaisa acquisition therefore remains at a preliminary stage. If due diligence, negotiations and regulatory approvals are successfully completed, the transaction could place one of Pakistan’s major digital financial platforms within PTCL Group and mark a significant development for the country’s telecom, digital payments and fintech sectors.
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