Telenor Pakistan Partners with Kistpay to Scale Smartphone Financing

Telenor Pakistan has partnered with Kistpay, Pakistan’s top smartphone financing platform, to provide customers with cheap smartphone financing alternatives on an unprecedented scale.

A signing ceremony was held in this regard, with Irfan Wahab Khan, CEO of Telenor Pakistan, Asif Jafri, CEO Kistpay, Julian Gorman, Head of APAC Region GSMA, Saira Faisal, Country Lead, and Jeanette Whyte, Head of Public Policy APAC GSMA all participating virtually to emphasize the significance of this partnership.

The partnership’s centerpiece is the development of Shariah-compliant smartphone payment plans customized exclusively for Telenor’s large customer base in Pakistan.

The cooperation provides an inclusive solution for those in the middle and lower income brackets of society, encouraging smartphone ownership through user-friendly installment-based financing alternatives that adhere to Shariah (interest-free) standards.

Through this first-of-its-kind engagement, the alliance intends to enhance digitalization in the country and empower communities by making the purchase of smartphones accessible and inexpensive.

“We are committed to forging impactful partnerships that enrich the lives of our customers,” said Irfan Wahab Khan, Chief Executive Officer of Telenor Pakistan.

Our collaboration with Kistpay represents a huge step forward in providing innovative and important options that bridge the digital gap and promote inclusiveness. By providing smartphone financing options, we enable more people to participate in the digital revolution and reap the benefits of connection.”

Mr. Asif Jafri, CEO of Kistpay, expressed his enthusiasm for the collaboration, saying, “We are thrilled to partner with Telenor Pakistan to extend smartphone financing to customers across Pakistan as this is in line with the ‘Smartphone for All’ initiative that Kistpay and GSMA launched last year in October 2022.”

We are comfortable in our ability to make phones easier and more affordable for a greater proportion of the population by combining our digital finance experience with Telenor Pakistan’s enormous reach and trusted services.”

The collaboration between Kistpay and Telenor Pakistan is a watershed moment in smartphone finance in Pakistan, adapting to the changing demands of digital customers.

This partnership enables individuals to fully engage in the digital economy by increasing the availability of accessible and inexpensive smartphone-buying alternatives.

The two groups are working together to create a more connected, digital, and inclusive future for all.