Global digital operator VEON Group has reaffirmed its confidence in Pakistan's microfinance sector by investing USD 15 million in Mobilink Bank. This fresh capital injection aims to drive the bank's strategic ambitions, expanding its Micro, Small, and Medium Enterprise (MSME) financing, exploring Islamic banking, and accelerating its transition into a technologically advanced, future-ready digital bank.

Mobilink Bank, Pakistan's leading digital microfinance bank, is committed to fostering financial inclusion and addressing the evolving needs of its diverse customer base. This investment comes at a pivotal time as the State Bank of Pakistan (SBP) has lowered its policy rate to encourage economic stability and growth. Mobilink Bank will use these funds to enhance its operational capabilities, extend its outreach, and introduce innovative digital products and services to both individual and enterprise customers.

With a focus on underserved and unbanked segments, Mobilink Bank aims to stimulate economic activity and provide accessible financial solutions that support socio-economic development. VEON Group’s investment underscores its strategic vision of promoting digital innovation and supporting Mobilink Bank’s mission to be a key player in Pakistan’s financial ecosystem. This commitment aligns with VEON’s broader goals of driving technological advancements and fostering sustainable economic development.

Leadership Voices

Aamir Ibrahim, Chairman of Mobilink Bank & CEO of Jazz, commented on the investment: "This USD 15 million capital infusion by VEON demonstrates their unwavering confidence in Mobilink Bank’s vision and growth trajectory. It enables us to expand our portfolio, driving growth in MSME financing, Islamic banking, and technology-driven operations. Together, we are enhancing digital readiness and financial inclusion, ensuring that Mobilink Bank continues to shape a progressive and inclusive financial landscape in Pakistan."

Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, shared: "Veon’s investment signifies the robust confidence our parent company places in Mobilink Bank’s ability to lead the fintech revolution in Pakistan. The timing of this strategic investment is ideal as Pakistan’s economy is on the path to recovery, and the banking sector anticipates increased activity following the SBP's significant policy rate reduction. This investment will be instrumental in advancing our strategic goals, promoting MSME growth, expanding into Islamic banking, and enhancing our digital capabilities to strengthen our position as a future-ready digital bank."

VEON's investment marks the beginning of a transformative era for Mobilink Bank, reinforcing its mission to enhance financial inclusion and social mobility. With over 20 million monthly active users and a vast network of more than 400,000 touchpoints, Mobilink Bank champions inclusivity, technological innovation, and customer-centricity, alongside a strong commitment to socio-economic and environmental progress.

Mobilink Bank is part of the VEON group, which provides converged connectivity and digital services to nearly 160 million customers across six dynamic markets, home to 7% of the world’s population.