Karachi
\nGlobal digital operator VEON Group has announced an investment of USD 20 million in Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan. The investment builds on USD 15 million capital deployed by VEON in January 2025 and underscores its confidence in Mobilink Bank\u2019s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan\u2019s digital banking and microfinance sector.
\nMobilink Bank is a part of VEON Group, a global digital operator that provides services to over 150 million connectivity customers and over 140 million monthly active digital users. VEON Group (Nasdaq: VEON) is a Nasdaq-listed company that operates across five countries that are home to more than 6% of the world\u2019s population.
\nThe capital will be used to scale Mobilink Bank\u2019s MSME financing portfolio, advance its Islamic banking offerings, and strengthen its evolution into a technology-driven, digitally native bank, with a continued focus on expanding regulated financial access for underserved communities, particularly small businesses and women.
\nThe investment reflects VEON Group\u2019s broader digital strategy of strengthening high-impact financial ecosystems through technology-led solutions and disciplined capital deployment, positioning Mobilink Bank as a key contributor to Pakistan\u2019s evolving financial sector.
\nCommenting on the development, VEON Group Executive Committee Member and Chairman Mobilink Bank, Aamir Ibrahim, said: \u201cThis continued stream of investment from VEON underscores our long-term commitment to Pakistan and confidence in the structural shift underway in the country\u2019s digital financial services ecosystem. It strengthens Mobilink Bank and JazzCash\u2019s ability to execute on our strategic priorities, invest in resilient technology infrastructure, and contribute to the development of inclusive and sustainable digital banking.\u201d
\nHaaris Mahmood Chaudhary, President and CEO Mobilink Bank, added: \u201cThis investment will accelerate the expansion of our shariah-compliant Islamic banking offerings, helping small businesses formalize cash flows, access regulated credit, and build long-term financial resilience. As a future-ready digital bank, our focus remains on delivering practical, technology-enabled financial solutions that empower entrepreneurs\u2013particularly women and underserved communities\u2013across Pakistan.\u201d
\nMobilink Bank\u2019s expanding deposit base and MSME-oriented lending portfolio are enabling small businesses to transition from informal cash usage to regulated banking, while targeted women-centric financial products and green financing initiatives support inclusive growth and resilience in the face of Pakistan\u2019s climate and economic challenges.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Global digital operator VEON Group has announced an investment of USD 20 million in Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan. The investment builds on USD 15 million capital deployed by VEON in January 2025 and underscores its confidence in Mobilink Bank\u2019s growth momentum and its integrated digital […]<\/p>\n","protected":false},"author":2,"featured_media":523527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-523513","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n