Pakistan's No. 1 Online Payments App - Easypaisa Ft. M. Mudassar Aqil | 248 | TBT
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In tonight’s conversation with our special guest, M. Mudassar Aqil. What was his early life like? How did he start a career in banking and how did it progress? What role did he play while working there, and what was his last job? Why did he come back to Pakistan and does he regret it? Joining Alfalah - Quality Assurance & FINCA Microfinance Bank Limited. How do microfinance banks operate? Why did he become interested in microfinance? What problem is microfinance solving? What problem are we facing in Pakistan? Why did he join Easypaisa? Why join Easypaisa? Why should people be brought into the banking system? How does business banking work? Is the economy being affected? Are they working with any startups? Are they working or willing to work with any startups? Why haven't people gotten used to QR codes yet? What needs to be done to make payments digital? Eventually, will agent commission be reduced? Mudassar’s opinion on the current ecosystem? Where do they stand on investments? Is it possible to have an applet within Easypaisa? How does he envision the banking ecosystem & Pakistan of 2050? Catch this and a lot more in tonight’s episode.
#thoughtbehindthings #muzamilhasan #technology
00:00 Tonight’s guest: Mudassar Aqil
00:28 Mudassar’s early life!
02:23 Starting a career in banking and how did it progress?
04:06 What role did he play there?
06:30 BI and analytics
08:13 Coming back to Pakistan and does he regret it?
10:02 Joining Bank Alfalah Limited - Quality Assurance
13:31 Joining FINCA Microfinance Bank Limited
14:49 How do microfinance banks operate?
16:03 Share in employment
17:03 Why did he become interested in microfinance?
20:39 What problem is microfinance solving?
22:12 What problem are we facing in Pakistan?
25:10 Why is credit still justifiable?
27:01 Why did he join Easypaisa?
27:57 Why join Easypaisa?
30:47 Why should people be brought into the banking system?
33:43 How does business banking work?
39:56 Is the economy being affected?
42:52 Are they working or willing to work with any startups?
45:39 Why haven't people gotten used to QR codes yet?
56:27 What needs to be done to make payments digital?
59:48 Will agent commissions be cut eventually?
1:05:10 Mudassar’s opinion on the current ecosystem
1:07:48 The credit breakdown
1:11:47 Will these limits change?
1:14:30 Investments and Easypaisa’s pillars
1:18:29 Rise of the super app
1:21:22 Is it possible to have an applet within Easypaisa?
1:24:47 How does he envision the banking ecosystem & Pakistan of 2050?
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Пікірлер: 126
In India people were enforced to use UPI, through government policies.. So government plays a very important role..Payment system can't be revolutioned without the intervention of government..
@abdullahsaleem7865
2 жыл бұрын
Yes you are right. Government intervention is most important.
@salman_nav
Жыл бұрын
As an in industry insider, I can confirm that the Pakistani govt and central bank have been very proactive in pushing the banking industry to go digital and we have seen some very good progress in this regard, specially during the Imran Khan-led PTI govt. However, years of apathy and lack of interest has caused the industry to become lazy and bloated and atrophied its capability to change itself rapidly. Raast, Asaan Accounts, Digital Onboarding, Roshan Digital Accounts, improved remittance services are all very big achievements. Raast is basically the Pakistani UPI and we are working on bringing a large number of use cases including QR payments, P2M, P2G etc.
Your podcasts present the side of Pakistan no media outlet has ever shown!
@hke.4475
2 жыл бұрын
Stop watching randian media
Steps that india took to revolutionise indian finance. 1) AADHAR CARD( the base of every innovation in India) 2) Opening bank accounts for free and giving clear monetary benefits to those who open bank account 3) Demonetisation ( The enforcer) 4) Digital India bites the space left, GOI paves the way for a new era 5) after the success of Fintechs in capturing the market, comes UPI🌞. 6) after making india a digital economic powerhouse, the expansion of the services of UPI to UAE , Singapore, France to name a few . . . Further process underway
@dakshsinghrathore9584
2 жыл бұрын
very well explained
@himanshuvinaykumarvishwaka9299
2 жыл бұрын
Nepal, Bhutan mein bhi UPI chalta hai
@shapackgaming4629
2 жыл бұрын
We also have UPI named RAAST.
@saihemanthdamaraju3567
2 жыл бұрын
@@shapackgaming4629 I have a doubt.In RAAST will the money be transferred to wallet or can we link bank account as well so that money gets credited in bank account.
@salman_nav
Жыл бұрын
@@saihemanthdamaraju3567 We can link bank accounts as well. Currently, majority of bulk disbursements (for e.g. dividend payments) and P2P payments have been moved to Raast. Corporate Payments, QR, P2M and P2G are on the way. And as for my credentials, I am the Product Manager for Raast at one of the largest Pakistani banks.
(leaving this comment here) I wanna be this successful ke one day I would be part of Muzammil Hasan's podcast!(inshaAllah) This is one of the wish in my bucket list:) Do pray for me. Bye bye!
Yes this gentleman is true. The indian UPI has been revolutionary and India is now world leader in digital payment ecosystem.All credit goes to modi digital India vision
@slayjourney
2 жыл бұрын
Lol congress introduced it
@superduper9732
2 жыл бұрын
@@slayjourney abe gadhe it was implemented by modi in 2016 and please don't to try so hard to prove yourself fool because when modi pushed for it in 2016 then congress ex finance minister p Chidambaram opposed it and said it will not work and now whole world has recognised indias success in digital payment ecosystem
@superduper9732
2 жыл бұрын
@@slayjourney it was fully implemented by modi in 2016 and congress opposed it
@Nitish.Singhal
2 жыл бұрын
@@slayjourney 😂😂
@dakshsinghrathore9584
2 жыл бұрын
@@slayjourney WTF 🤣🤣🤣🤣
I have been Very Fortunate to work under his supervision at Bank Alfalfah and afterwards at Finca Microfinanca Bank. My word! What a Majestic, Refined, Humble and Decent man he is. And above all he is Blessed with unique quality to conceive the things very fast. A very fast and quick decision maker. May Allah Kareem bless him with more successes.
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
India's digital payment system is 10 years ahead of America & Europe. US companies, Google, Amazon, Facebook have integrated UPI with them with Google Pay, Amazon pay & WhatsApp Pay🤑
What a man and what examples. Hats off to Sir Mudassar Aqil. Really knows his forte and explained everything so simple that it has busted the myth of "understanding the economy is boring"... Thank you for that. (y)
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
@syasihulchalpkofficial
Жыл бұрын
Plz support
In UAE, we have to pay 10 AED extra for Cash on Delivery so changing the user behaviour is a risk and/or benefit for e-commerce partners.
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
as a student in india i only use phone for any payment i don't think i have ever got into any problem
Muzamil you are the raising star of our country. Hats off to you bruh
Whenever i open your video i directly go to setting to check whether the playback speed is on 1.75 or what 😁, by the way great content
Inshallah in 2050 Pakistan will be developed country
The digital payments has been gone to that extent overhere. I purchased the product from road seller. They also do have their account and QR code. And this is from 2019, It has been adopted to this extent.
Amazing and informative podcast - Mr Mudassar Aqil is truly a gem 💎 !!
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
India's UPI tech is the most advanced online financial service in the world. It has pushed India as an undisputed leader in digital transactions. Even us or china doesn't have any equivalent
@manali2443
2 жыл бұрын
France UAE Singapore and many more accept UPI now
@amanjaiswal7065
2 жыл бұрын
Yeah it's definitely awesome, but we need to keep improvising and improving and take our share in future tech in all aspects. UPI and digital India is an example that if we get ahead in the game with innovation we can dominante
@dakshsinghrathore9584
2 жыл бұрын
@@amanjaiswal7065 ONDC is next big move
@warissalmanshah9374
2 жыл бұрын
100% Agreed..
@mubasharsadiqueloon3266
2 жыл бұрын
Same Pakistan develop 'RAAST' technology for online money . also it will ran without Internet.
Dear Muzamil please upload Miftah Ismail's and That National security guy's podcasts. They were one of the best talks on your chanel, very intellectual and smart conversations. Otherwise invite other intellectually smart people like them. P.S thanks for doing these podcasts, they are so educational, I have learnt a lot, and grown as a person. All credits to you. Thanks a ton 🙏
@hamzaansari4172
2 жыл бұрын
They are on PakistanNow, I think it's a second channel of Muzzamil. But yeah, they got some good stuff.
@soshailakash01
2 жыл бұрын
@@hamzaansari4172 I've looked all across "pakistan now" but no luck.
@hamzaansari4172
2 жыл бұрын
@@soshailakash01 Woah. I checked as well, they removed those Podcasts. But the channel is still there. Idk why they removed it.
Amazing, enjoyed every single minute, Didn't know before that India has transformed this much by UPI system. Thank you so much for great insights
Great podcast and as always very informative. There should also be a way or framework that enables users to reverse a payment. In Pakistan as we all know there are people who likes to exploit a average user. Reversal of payment will act as a insurance & a guarantee for average user that no one can make a fool out of them, and that they always have the control over their hard earned money.
extremely fruitful to understand what exactly is happening and can be done! BRAVO
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
Keep up the good work, Muzammil.
This is is best podcast after IK's ,
Great Podcast Muzammil bhai. Very informative 👌🏻
@syasihulchalpkofficial
Жыл бұрын
kzread.info/dash/bejne/iY19wdCKY8zXgZs.html
@syasihulchalpkofficial
Жыл бұрын
Plz support
Very informative and intellectual discussion, enjoyed it thoroughly 👏👏
You are doing great, best of Luck. ❤️ Respected Muzammil Bhai ! Please Record a Session With 1) Engr. Muhammad Ali Mirza about a Subject on Dunyaavi Education for Pakistani as a Muslim. 2) Dr. Zeeshan Usmani Data Scientist About Emerging Technologies. 3) PanaCloud Founders About PIAIC ORG 4) Alnaficom Founders about Emerging Technologies for Pakistani Student Career.
Very informative thanks mr muzamil
Loved the episode ❤
There's a cash in fee as well, I've always been charged 1%, whatever agent I choose.
Really enjoyed recent Podcasts.
I don't carry even one rupee when I go outside.... literally everyone accepts Paytm
EXCELLENT
❤️ from BE Financial podcasts are coming through
Amazing podcast ✨
Human Behavior can not be changed until there is some benefit for the both customer and retailer . Cashless payment will be only possible if easypaisa cut down its fee and charges.
Read about UPI revolution in India ….and savings bank account policy of modi govt …it has just helped India grow faster today. Companies equivalent to easy paisa in India like Paytm have become irrelevant now .
The only thing that can push retailers to accept POS and QR codes is that, financially literate people should cancel the transaction if retailer dont offer POS/QR payment option. There are always alternative retailers who do accept. Unfortunately several known brands also play these tricks to evade tax. For example; once edenrobe at packages mall gave me hand written invoice, saying that online system is down. Back then I didn't know these tricks.
Zabardast
Muzammil. Well done. I just wanted to ask why ‘Pakistan Now’ isn’t generating new content.
Great content
UPI transactions crossed 1.4 Trillion Dollars this month. INDIA CONTRIBUTES 40% of ALL GLOBAL DIGITAL PAYMENTS
Easy paisa just like its telco, is a far more superior service than jazz and Jazz Cash. But again the issue is the universe. A lot more people use Jazz and Jazz Cash, which kinda pushes us to use that app/services. Btw this reflects in the CEO's behavior as well. I couldn't even complete the Jazz wali podcast, this one, I want more.
muzammil bhai for god sake ye personal questions our intro khatm krdo 🙏
The UPI of India is one of the most advance payment infrastructure if not the best in the world.
excellent
Good
Muzamill bro u doin marvelous job !! Try ali mirza bhai !!
Next time please invite meezan bank representative or Jazz cash ceo.
My father's retail bussiness also accept payments through easypaisa or jazzcash orr bank payments
Dear Hasan, You should also Invite people from Nayapay & Sadapay, To balance the analytical series of Fintech Companies.
there must be fix payment for eaaypaisa transaction or may be some payment slab format
Interest ky bary main bhi puchna chahiye tha, islamic banking is tge future
♥️
Bhai kbi jazz cash walo ko b bulao or pucho unse k app kaam q nh krta?? Inka system kaam q nh krta???jb dekho tb bzi hota h
@usama6811
2 жыл бұрын
hahaha jazz ceo ki podcast to uploaded hy
Hasn't AliBaba bought the Telenor Microfinance Bank and UBL has bought the bank?
I'm not able to find your channel on Spotify. Could somebody please help me here?
@stephenhawking9155
2 жыл бұрын
Spotify podcast is not available in Pakistan
@saadkhan1994
2 жыл бұрын
@@stephenhawking9155 I'm not in Pakistan bro. Not sure if it works in UAE?
He is smartt
More Indians than Pakistanis here?
Is web development is good in Pakistan
You haven't brought any Amazon trader or guide in Pakistan like sunny Ali etc
literacy problem at peak 👍
call dr najeb someday, would love to hear his story
Well... Lets assume i have one lac cash at home... I would love to deposit it in bank so i can make good for my country... What about islamic boundaries about interest and the way as we help them expand the interest against the islamic laws in islamic values... What i do?
No option of reverse ◀️ payment. I had been scammed but they have no such option
@tushar4506
2 жыл бұрын
How have you been scammed when millions of Indian use it flawlessly?
India me UPI has destroyed the traditional fintech Google had presented their plans to setup India's UPI model before US senate Singapore,UAE,France and many other countries have shown interest or already accepted UPI for real time transaction I myself being 20 yo now use less cash and more UPI 😂 Almost from buying street food,veggies to Netflix sub to travel payments (with no extra charge,even use for 1rs 🔥)
Ayyyooo gandhiji in Pakistan 😳😳😳
This is such a big company which more often relies on collecting millions by making people fool in the name of lucky draw for an Iphone. Gosh, can't the public figure out. Who on this planet is kind enough to give you an Iphone for just 10 ruppees. 🤦🤦
Mike Ehrmantraut from Breaking Bad.
bruh why tf are there so many indian comments here
@dakshsinghrathore9584
2 жыл бұрын
LOL.. INDIA has the largest internet user base in the world.... prolly more than the whole population of pakistan
@shivamkumarsuman3924
2 жыл бұрын
Padosi ho bhai almost the same hi log hai... ..language bhi almost same hi hai ... personally I love to listen to podcasts... irrespective of the nation. I think other Indians would have the same reason for watching these podcasts
@superduper9732
2 жыл бұрын
Kya problem hai bhai dono desh me similar sa language hai aur koi kuch sikhne samajhne aaya hai toh kya problem hai
@amanjaiswal7065
2 жыл бұрын
Because he is providing great content and info worth listening to. For us Indians podcasts on tech is our bread and butter.
@gaurav4610
2 жыл бұрын
because indians get attracted to good content
Bluff master
Sir syed muzamil Ali sahab Mera ik masla Hall kren Men ni payment ki thi ik number galat hua hi mery payment galat account men gai hii Mughi revert back payment kren please ap ka system, helpline are not helping me sir I am telling you please resolve my problem mery pessy waps kren
mere paise wapis kro easypaisa walon
@OMthetopG
2 жыл бұрын
😂
@ajazkhanbalochajazbaloch1701
2 жыл бұрын
😆
Loan sirf telenor users ko dete h baqi kisi network wale ko nhe bakwas kr rha hain jhoota
4:50 Look at his LinkedIn user name , the last part