Mobilink Microfinance Bank Limited (MMBL) partners with TPS to  boost its Business Agility and Digital Readiness

Mobilink Microfinance Bank Limited (MMBL) partners with TPS to boost its Business Agility and Digital Readiness

Islamabad – October 18, 2022: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited
(MMBL) has signed a strategic partnership with renowned global banking solution provider, TPS for
the induction of its ground-breaking and all-encompassing digital banking suite to boost business
agility and digital readiness. Through this partnership, MMBL is dedicated to transforming its digital
payments infrastructure while increasing its efforts toward bringing the unbanked and underbanked
into the fold of financial inclusion.

Mobilink Microfinance Bank is part of the VEON group, a global digital operator that provides
converged connectivity and online services across seven countries. As part of its digital operator
strategy, VEON is transforming people’s lives, creating opportunities for greater digital inclusion, and
driving economic growth across countries that are home to more than 8% of the world’s population.

President and CEO MMBL, Ghazanfar Azzam, and Group CEO TPS, Shahzad Shahid signed the
partnership agreement at MMBL Headquarters in Islamabad in the presence of senior management
from both organizations. The partnership will further MMBL’s ambition to enhance its digital
infrastructure to meet the evolving banking and financial needs of its individual as well as enterprise
customers by offering them an array of digital banking solutions including real-time fund transfers,
fast and secure login, contactless payments, bulk disbursements, service requests, ATM/branch
locator and many more.

Under the agreement, TPS, a leading banking solutions provider across 30+ countries in Asia and
Africa, will provide MMBL with a state-of-the-art digital banking suite to enable the integration of
multiple channels on a single platform. The suite will work as an open Application Programming
Interface (API) gateway that will host various banking and payment platforms and serve as a high-
speed channel and transaction processing engine to provide an integrated and seamless customer

Speaking on the occasion, President and CEO, MMBL, Ghazanfar Azzam said: “Digital technology is
transforming to foster greater ease and convenience for its users. Given the centrality of technology
to growth and progress, MMBL is keen to stay abreast with this fast-paced transformation to be able
to deliver a top-notch user experience to our customers. Our partnership with TPS is an extension of
the same commitment where we are looking to integrate the industry's best solutions into our
system to further improve our customers’ banking experience with us, besides accelerating our drive
to promote financial inclusion in the country.”

Also sharing his thoughts, Group CEO, TPS, Shahzad Shahid said: MMBL is amongst a few
microfinance banks who are using both traditional and digital approaches for faster and sustainable
growth. We feel privileged to be the technology partners of the Bank in many of its successful digital
payment initiatives and this project of IRIS Digital Banking Platform will surely accelerate the bank’s
progress towards more agility and digital responsiveness."

MMBL is one of the country's leading proponents of digital banking and financial inclusion. Banking
the unbanked people, especially women, is one of the foremost strategic priorities for the bank that
has come to fruition in the form of several women-owned and led businesses nationwide. The Bank
is dedicated to revolutionizing the digital banking ecosystem by creating an inclusive environment
that offers fast, safe, and secure services for all its customers.

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