Pakistan Telecommunication Company Limited (PTCL) has taken the first official step towards acquiring Easypaisa, Pakistan’s largest digital financial services platform. TechJuice has just learned from sources close to the development that PTCL’s Board of Directors has approved the submission of a binding offer to purchase a majority share in the company.
If successful, the acquisition would be one of the largest in Pakistan’s telecom and finance sectors. The acquisition is also part of PTCL Group’s goal to grow its digital operations after acquiring Telenor Pakistan.
Sources stated Easypaisa is the anonymous entity mentioned in PTCL’s last statement to the Pakistan Stock Exchange (PSX). PTCL’s board has accepted a binding offer to buy a controlling stake in an unnamed company, the carrier said in a disclosure to investors.
The sources said the planned acquisition is now in the due diligence and commercial negotiating phase. But the deal remains subject to regulatory clearances, agreement on commercial terms and signing of final acquisition paperwork.
Telenor’s Pullout From Pakistan
This recent development follows a report a few weeks ago by Bloomberg that Telenor was prepared to sell its controlling stake in Easypaisa after the sale of Telenor Pakistan to PTCL Group was completed.
The report said the deal will allow the Norwegian telecom firm to complete its exit from Pakistan. Telenor is engaging with Citigroup on a possible sale of its 55% interest in Easypaisa, which is 45% owned by Ant Group, the sources said. The investment is valued at a few hundred million dollars, although the process is in its infancy. ## Getting into Digital Finance Strategically
PTCL’s interest in Easypaisa further underscores the lack of acquisition options in the digital wallet space in Pakistan. Easypaisa is the only major asset available for acquisition at the moment among the country’s largest digital payment platforms. “JazzCash is not for sale, it is part of the existing business groups of the competing platforms.
Acquiring Easypaisa will give PTCL an existing digital banking platform instead of going through the hassle of establishing one from scratch.
Easypaisa has become one of the biggest digital banking platforms in Pakistan, with over 55 million registered users. It was the country’s first digital bank to be granted a commercial banking licence, which it received in 2025.
As the platform is independent of Telenor Pakistan, it was not part of the telecom business that PTCL acquired before.
PTCL did not mention the name of the target firm in its filing to PSX, saying that it could not disclose the name due to confidentiality constraints and the fact that no definitive agreement had been reached.
The company also informed investors that it will comply with regulatory requirements by providing information to the stock exchange on any relevant developments.
Easypaisa will be a member of the PTCL Group once the firm has bought out Telenor Pakistan if the transaction is finalised. The deal will add one of Pakistan’s most valued digital finance platforms to PTCL’s growing commercial portfolio.
The merger might also unlock substantial economic synergies by merging PTCL’s countrywide telecommunications network and vast customer base with Easypaisa’s digital payments platform, mobile wallet services, merchant network, and branchless banking activities.
Neither PTCL nor Easypaisa has officially confirmed which company was targeted. But sources said the decision from the Board shows PTCL’s desire to make Easypaisa a vital part of its long-term digital transformation strategy.
The acquisition is intended and has not yet been completed. The acquisition is subject to satisfactory completion of due diligence, commercial talks, regulatory clearances and signing of definitive agreements prior to completion.
