Global digital operator VEON Group has strengthened its commitment to Pakistan’s microfinance sector with a fresh capital infusion of $15 million into Mobilink Bank. This investment aims to propel the bank’s strategic initiatives, including expanding Micro, Small, and Medium Enterprise (MSME) financing, venturing into Islamic banking, and advancing its transformation into a cutting-edge digital bank.
Mobilink Bank, recognized as Pakistan’s leading digital microfinance institution, is dedicated to fostering financial inclusion and addressing the diverse needs of its customer base. The new funding will enhance the bank’s operational capabilities, enable the introduction of innovative digital services, and broaden its outreach, particularly to underserved and unbanked segments. This aligns with its mission to drive socio-economic growth by providing accessible financial solutions.
The investment comes as Pakistan’s banking sector experiences renewed momentum, bolstered by a significant policy rate reduction by SBP. Mobilink Bank’s leadership has expressed confidence in leveraging this favorable economic climate to deliver impactful solutions for individuals and enterprises.
VEON Group’s backing underscores its strategic focus on fostering digital innovation and empowering communities. The company’s commitment reflects its broader goal of driving sustainable economic development while supporting Mobilink Bank’s vision to play a transformative role in Pakistan’s financial ecosystem.
Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, highlighted the significance of VEON’s investment.
“This $15 million capital infusion demonstrates VEON’s unwavering confidence in Mobilink Bank’s strategic direction. It enables us to expand our offerings, particularly in MSME financing, Islamic banking, and technology-led operations. Together, we are building a more inclusive and progressive financial landscape in Pakistan.”
“This investment reinforces VEON’s belief in Mobilink Bank’s potential to lead Pakistan’s fintech revolution. At a time when the economy is poised for recovery, this strategic support will help us achieve our goals of promoting MSME growth, entering the Islamic banking sector, and enhancing our digital capabilities.”
With over 20 million monthly active users and more than 400,000 touchpoints, Mobilink Bank has positioned itself as a leader in inclusivity, technological advancement, and customer-centric financial solutions. VEON’s investment marks a pivotal step in Mobilink Bank’s journey to redefine financial services in Pakistan, emphasizing social mobility and sustainable progress.
As part of the VEON Group, a global digital operator serving nearly 160 million customers across six key markets, Mobilink Bank continues to champion innovation, inclusivity, and economic empowerment. The collaboration between the two entities signals a shared commitment to creating a digitally advanced, financially inclusive future for Pakistan.
