Islamabad – January 2, 2025, Global digital operator VEON Group has reinforced its commitment to Pakistan’s microfinance and digital banking sectors by injecting USD 15 million into Mobilink Bank. This strategic investment aims to fuel Mobilink Bank’s growth, particularly in Micro, Small, and Medium Enterprise (MSME) financing, Islamic banking, and the advancement of its digital banking infrastructure.
Empowering Mobilink Bank’s Strategic Vision
The fresh capital infusion will enable Mobilink Bank to:
Expand its MSME financing services to cater to underserved markets.
Explore and establish a strong foothold in Islamic banking to meet the growing demand.
Accelerate its transition into a technologically advanced digital bank.
As Pakistan’s leading digital microfinance bank, Mobilink Bank plays a pivotal role in fostering financial inclusion. The bank aims to meet the evolving needs of its diverse customer base while contributing to socio-economic development through innovative and accessible financial solutions.
Capitalizing on Favorable Economic Trends
This investment comes as the State Bank of Pakistan (SBP) lowers its policy rates, signaling a conducive environment for economic growth and financial sector expansion. Mobilink Bank plans to leverage these funds to:
Enhance operational capabilities and introduce cutting-edge digital services.
Expand its outreach to unbanked and underserved communities.
Further its commitment to sustainable development and technological innovation.
Leadership Perspectives
Aamir Ibrahim, Chairman Mobilink Bank and CEO Jazz, stated:
“This USD 15 million investment underscores VEON’s confidence in Mobilink Bank’s vision. It empowers us to drive growth in MSME financing, Islamic banking, and tech-driven operations, fostering digital readiness and financial inclusion.”
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, remarked:
“VEON’s investment reflects the solid trust in Mobilink Bank’s capability to lead Pakistan’s fintech revolution. This strategic move aligns with our goals to advance MSME growth, Islamic banking, and digital innovation.”
Mobilink Bank: Advancing Financial Inclusion
Mobilink Bank serves over 20 million active users monthly, supported by a vast network of 400,000+ touchpoints across Pakistan. With a focus on inclusivity, technology, and customer-centric solutions, the bank strives to:
Promote social mobility and economic activity.
Champion sustainable growth in line with VEON’s global objectives.
VEON’s Global Vision
As a global digital operator serving nearly 160 million customers across six dynamic markets, VEON is committed to fostering technological innovation and empowering communities worldwide. This investment in Mobilink Bank highlights VEON’s dedication to advancing digital ecosystems and supporting sustainable economic development.
This landmark capital injection by VEON is expected to usher in a transformative era for Mobilink Bank, reinforcing its position as a leader in Pakistan’s financial landscape and driving forward the nation’s fintech evolution.
