VEON's $15M Investment to Drive Mobilink Bank’s Digital Future #news
VEON Group has invested USD 15 million in Mobilink Bank to bolster its growth in Pakistan’s microfinance sector and strengthen its strategic goals. This capital injection will enable the bank to expand financing for Micro, Small, and Medium Enterprises (MSMEs), explore Islamic banking, and advance its digital transformation. Mobilink Bank aims to leverage this investment to enhance its technological capabilities and better serve its diverse customer base.
As Pakistan’s leading digital microfinance institution, Mobilink Bank plays a pivotal role in promoting financial inclusion. The investment aligns with the State Bank of Pakistan’s recent policy rate reductions, signaling a favorable economic climate. Mobilink Bank plans to utilize these funds to optimize operations, expand its outreach, and introduce innovative digital solutions to meet the needs of individuals and businesses alike.
This partnership reflects VEON Group’s commitment to driving financial inclusion, fostering technological innovation, and empowering communities. With over 20 million active users and a vast network of touchpoints, Mobilink Bank is poised to further its mission of socio-economic development and sustainability, solidifying its position as a key player in Pakistan’s financial ecosystem.
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