Norway-based telecommunications and technology company Telenor ASA is reportedly considering the sale of its 55 percent stake in Easypaisa Bank, a move that could bring an end to the company’s more than two-decade presence in Pakistan. According to reports, Telenor has engaged Citigroup to assess potential strategic options for its shareholding, including a possible sale that could be valued at several hundred million dollars.
Easypaisa has grown into one of Pakistan’s largest and most influential digital financial services platforms, serving millions of users through mobile wallets, digital payments, money transfers, and banking solutions. The platform is jointly owned by Telenor and China’s Ant Group, which has played a significant role in expanding its digital finance capabilities. The reported move follows Telenor’s recent exit from Pakistan’s telecommunications sector after the completion of the sale of its local telecom operations. If the Easypaisa stake sale goes ahead, it would mark Telenor’s complete withdrawal from Pakistan, closing a chapter that began more than 20 years ago and leaving behind a legacy in both the telecom and digital financial services industries.
