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Telenor Microfinance Bank receives prestigious ISO/IEC 27001:2022 Certification

Islamabad, Pakistan – July 3rd, 2024 – Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa has been awarded the prestigious ISO/IEC 27001:2022 by Risk Associates, a leading certification body accredited by UKAS.

The certification ceremony which took place at TMB’s Islamabad office, marked a significant milestone in the bank’s commitment to data security excellence. Key stakeholders from both organizations attended, including Aziz A. Rahim, Chief Operating Officer, and Hashim Mufti, Head of Business Development & Strategy from Risk Associates. TMB/easypaisa was represented by Muhammad Rizwan Ikram, Chief Risk Officer; Mustapha Salim Lotia, Head of Information Security; and Muhammad Ali, Head of App & Infra Security.

ISO/IEC 27001:2022 is an internationally recognized standard for Information Security Management Systems (ISMS), outlining best practices for identifying, assessing, and mitigating information security risks. By implementing and maintaining robust ISMS, TMB has successfully showcased its ability to effectively identify, assess, and mitigate information security risks, ensuring the confidentiality, integrity, and availability of sensitive data.

During the ceremony, Aziz A. Rahim, Chief Operating Officer, Risk Associates presented the ISO/IEC 27001:2022 certification to Muhammad Rizwan Ikram, Chief Risk Officer, and Mustapha Salim Lotia, Head of Information Security, TMB/easypaisa. In recognition of their contributions, certificates, and shields were also presented to the core team members.

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Aziz A. Rahim – Chief Operating Officer, Risk Associates Congratulating TMB Bank

"We congratulate Telenor Microfinance Bank on this significant achievement, setting a new benchmark for data security in Pakistan," commented, Aziz A. Rahim – Chief Operating Officer, Risk Associates, "This certification reflects TMB's proactive approach to information security and its continuous efforts to uphold the highest standards of data protection."

Congratulating the team on receiving the prestigious certification, Kashif Ahmed, Acting President & CEO TMB/eayspaisa, commented, “Receiving the prestigious ISO/IEC 27001:2022 certification is a testament to our robust risk management protocols and reaffirms our commitment to maintaining standards of excellence in data security. As we transition towards a full-fledged Digital Retail Bank, pending regulatory approvals, the certification represents an important milestone that underscores our high standards of excellence in information security.”

This certification strengthens TMB’s position as a reliable financial institution committed to maintaining the highest standards of data protection.

With over 40 million registered mobile accounts and counting, TMB/easypaisa continues to lead Pakistan’s digital financial services landscape, dedicated to fostering financial inclusion through technological innovation.

ABOUT

Risk Associates

Risk Associates is a leading management systems certification body accredited by UKAS to provide ISO/IEC 27001 certifications. It also offers assessments against various standards, including Payment Card Industry standards such as PCI DSS, PCI SSF, PCI PIN, PCI 3DS, and C.S.A., Offensive security testing services such as Penetration Testing, Vulnerability Scans, Red Teaming, Managed Services, SOC I, and II.

With a legacy spanning two decades, Risk Associates is committed to mitigating risks and delivering comprehensive compliance, testing, audits, and certifications.

ABOUT

easypaisa / Telenor Microfinance Bank Limited

easypaisa, powered by Telenor Microfinance Bank is at the forefront of revolutionizing fintech in Pakistan by delivering innovative, cutting-edge technology solutions. We began our journey in 2005 by establishing a national footprint, with the launch of micro-lending programs. In 2009 we created history by launching the country’s first mobile banking service that has evolved to become the most used digital payments platform.

Backed by the largest fintech in the world, Ant Group (affiliate company of Alibaba Group), and the leading multinational organization across Scandinavia and Asia, Telenor Group, we aim to promote financial inclusion by empowering all Pakistanis to adapt convenient and secure digital financial solutions.