VEON – To The Point https://tothepoint.com.pk Read the latest news Fri, 03 Jan 2025 06:59:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.5 https://tothepoint.com.pk/wp-content/uploads/2021/10/cropped-To-the-Point-Favicon-32x32.png VEON – To The Point https://tothepoint.com.pk 32 32 Investor Confidence: Veon Group injects USD 15 million in Mobilink Bank to fuel growth and tech advancement https://tothepoint.com.pk/investor-confidence-veon-group-injects-usd-15-million-in-mobilink-bank-to-fuel-growth-and-tech-advancement/ Thu, 02 Jan 2025 06:20:55 +0000 https://tothepoint.com.pk/?p=3059 Islamabad – January 02, 2025: Global digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan’s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank’s strategic ambitions. The capital injection will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing, explore Islamic banking, and accelerate its ongoing transition into a technologically advanced, future-ready digital bank.
As Pakistan’s leading digital microfinance bank, Mobilink Bank is committed to fostering financial inclusion and meeting the evolving needs of its diverse customer base. The investment comes at a pivotal time for the banking industry, as the State Bank of Pakistan (SBP) has substantially lowered its policy rate, showcasing its proactive role as a regulator in fostering economic stability and growth. Mobilink Bank will utilize these funds to optimize its operational capabilities, expand its outreach, and introduce cutting-edge digital products and services to its individual and enterprise customers.
With a strong focus on underserved and unbanked segments, Mobilink Bank strives to catalyze economic activity and provide accessible financial solutions to fuel socio-economic development. VEON Group’s investment also highlights its strategic vision of fostering 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 objectives of driving technological advancements and empowering communities through sustainable economic development.
Welcoming the investment, Chairman Mobilink Bank & CEO Jazz, Aamir Ibrahim said, “This capital infusion of USD 15 million by VEON underscores their steadfast confidence in Mobilink Bank’s vision and trajectory. It empowers us to further expand our portfolio, driving growth in MSME financing, Islamic banking, and technology-driven operations. Together, we are fostering digital readiness and financial inclusion, ensuring that MMBL continues to play a pivotal role in shaping a progressive and inclusive financial landscape in Pakistan.”
Haaris Mahmood Chaudhary, Interim CEO Mobilink Bank, shared, “Veon’s investment signifies the solid confidence our parent company places in Mobilink Bank’s capability to lead the fintech revolution in Pakistan. The timing of this strategic investment is fitting as Pakistan’s economy is in a revival phase, and the banking industry anticipates enhanced activity in the wake of a significant reduction in policy rates by the SBP. This investment will be pivotal in further 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 heralds a transformative era for Mobilink Bank, reinforcing its mission to advance financial inclusion and social mobility. With over 20 million monthly active users and a vast network of 400,000+ touchpoints, the bank champions inclusivity, technological innovation, and customer-centricity, besides a robust commitment to socio-economic and environmental progress.
Mobilink Bank is part of the VEON group, a global digital operator that provides converged connectivity and digital services to nearly 160 million customers in six dynamic markets that are home to 7% of the world’s population.

]]> Mobilink Bank’s Invisible Heirs campaign bags Digital Nations Video Creativity Award at M360 APAC https://tothepoint.com.pk/mobilink-banks-invisible-heirs-campaign-bags-digital-nations-video-creativity-award-at-m360-apac/ Thu, 03 Oct 2024 08:01:00 +0000 https://tothepoint.com.pk/?p=2833

Islamabad – October 03, 2024: Pakistan’s leading digital microfinance bank, Mobilink Bank, has achieved a significant milestone on the global stage by winning the prestigious ‘Digital Nations Video Creativity Award’ at the high-profile M360 APAC event held in Seoul, organized by the Global System for Mobile Communications Association (GSMA). The accolade was received by Hande Asik, Group Director of Communications and Strategy at VEON, for the Bank’s groundbreaking campaign, The Invisible Heirs. The campaign shines a spotlight on the deeply rooted issue of women’s inheritance rights in Pakistan, breaking new ground in raising awareness and driving social change on this critical issue.

The M360 Digital Nations Awards celebrate the transformative power of mobile technology in shaping a nation’s digital future, and Mobilink Bank’s Invisible Heirs campaign embodies the same vision. The campaign illustrates how digital solutions can ignite real societal change, aligning seamlessly with the objectives of the M360 Digital Nations program to create more just, equitable, and progressive communities.

Mobilink Bank has revolutionized the conversation around women’s inheritance rights in Pakistan by confronting the long-standing social injustice they face. At the heart of this initiative is the innovative Inheritance Calculator, an easy-to-use digital tool integrated into the Bank’s consumer app- DOST. This feature enables women to easily calculate their rightful inheritance share, giving them key insights into their legal entitlements.

Haaris Mahmood Chaudhary, Interim CEO Mobilink Bank, expressed, “This award underscores our commitment to leveraging technology as a catalyst for meaningful social change. The Invisible Heirs campaign signifies our dedication to creating enduring, transformative impact in the communities we serve. As the world undergoes rapid digital transformation, our focus extends far beyond traditional financial solutions. We are laying the groundwork for sustainable, long-term growth, ensuring that technology becomes a powerful tool for empowering individuals, uplifting communities, and driving progress.”

Mobilink Bank is part of the VEON group, a global digital operator that provides converged connectivity and digital services to nearly 160 million customers in six dynamic markets that are home to 7% of the world’s population.

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