Karachi: Veon Group, a global digital operator, has injected USD 15 million into Mobilink Bank. The investment aims to boost Mobilink Bank’s strategic growth, focusing on microfinance, Islamic banking, and technological advancements.
The fresh capital will enable the bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing. The funds will also support Mobilink Bank’s efforts to enter the Islamic banking market.
This investment will accelerate Mobilink Bank’s transition into a technologically advanced, future-ready digital bank. The bank plans to use the funds to optimize its operations and introduce cutting-edge digital products. It also aims to expand its outreach to underserved and unbanked communities, promoting socio-economic development.
Boosting Growth Amid Economic Stability
The investment comes as Pakistan’s economy is on a revival path. The State Bank of Pakistan (SBP) recently lowered its policy rate, encouraging growth in the banking sector. Mobilink Bank will leverage this favorable economic environment to achieve its strategic objectives.
Leadership Comments
Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, welcomed the investment. He said, “This capital infusion underscores Veon’s confidence in Mobilink Bank’s vision. It allows us to expand MSME financing, explore Islamic banking, and advance technology-driven operations. Together, we are fostering financial inclusion and a progressive financial ecosystem in Pakistan.”
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, highlighted the strategic timing of the investment. He remarked, “Veon’s investment reflects their trust in Mobilink Bank’s potential to lead Pakistan’s fintech revolution. It comes as the banking sector anticipates growth due to SBP’s policy rate reduction. This funding will drive our goals to expand Islamic banking, promote MSME growth, and enhance digital capabilities.”
A Transformative Era for Mobilink Bank
The USD 15 million investment marks a new chapter for Mobilink Bank. With over 20 million active monthly users and a network of more than 400,000 touchpoints, the bank is well-positioned to champion financial inclusion and digital innovation.
Mobilink Bank’s commitment to empowering communities aligns with Veon Group’s broader vision of sustainable economic development. By fostering digital transformation and customer-centric solutions, the bank continues to play a vital role in Pakistan’s financial ecosystem.
Veon Group operates in six dynamic markets, serving nearly 160 million customers worldwide. This latest investment reflects Veon’s dedication to promoting digital readiness and socio-economic progress in Pakistan.
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