Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, has hailed VEON Group’s transformative $15 million investment into Mobilink Bank as a critical step towards advancing financial innovation and fostering a cashless economy in Pakistan. This Foreign Direct Investment (FDI) is seen as a testament to VEON’s confidence in Pakistan’s economic potential and its leadership in the digital finance sector.
“This milestone investment by VEON Group reflects their unwavering belief in Mobilink Bank’s leadership in digital finance and Pakistan’s prospects for sustainable growth. It enables us to enhance digital financial solutions through Mobilink Bank and JazzCash, promote financial inclusion, and empower underserved communities—marking a pivotal moment for Pakistan’s financial ecosystem.”
As the first major FDI to be made in Pakistan in 2025, VEON’s contribution strengthens the country’s position as a hub for digital and financial innovation. The capital will be used to expand Mobilink Bank’s micro, small, and medium enterprise (MSME) financing portfolio and improve digital financial services, with JazzCash facilitating greater accessibility for millions of Pakistanis.
“With this investment, we are not only accelerating the adoption of a cashless economy but also laying the groundwork for broader socioeconomic progress. Our commitment to improving lives and livelihoods is firmly rooted in creating a financially inclusive future for Pakistan, supported by the seamless digital payment ecosystem offered by JazzCash.”
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, expressed his optimism, stating:
“This funding empowers us to expand into underserved regions, enhance our digital capabilities, and drive economic progress. As a future-ready digital bank, Mobilink Bank, in collaboration with JazzCash, is committed to delivering innovative financial solutions and fostering greater inclusivity across Pakistan.”
The $15 million investment comes at a time when the State Bank of Pakistan’s supportive monetary policies are creating a fertile environment for innovation and growth in the financial sector. Mobilink Bank, with its extensive network of over 400,000 touchpoints, along with JazzCash, which has a base of 20 million active users, will play a pivotal role in driving Pakistan’s digital financial transformation.
The capital injection aligns with VEON Group’s vision of leveraging technology to empower communities and foster sustainable development. With the strategic collaboration of Mobilink Bank, JazzCash, and VEON, Pakistan is poised to redefine its financial landscape, setting new benchmarks for innovation, financial inclusion, and long-lasting impact.
Aamir Ibrahim said,
“As Mobilink Bank, JazzCash, and VEON Group work towards a shared vision of economic empowerment, this historic FDI marks a new chapter in Pakistan’s journey toward a digitally inclusive and prosperous future.”
