Global digital operator VEON Group has announced a $15 million investment in Mobilink Bank, to advance digital banking services in Pakistan's telecommunications sector.
The initiative is expected to enhance access to financial services for approximately 20 million users.
Mobilink Bank's expansion plans include broadening its digital banking services and Islamic banking operations. The investment will particularly focus on improving financing options for micro, small, and medium enterprises (MSMEs) across Pakistan.
The bank has committed to promoting financial inclusion and meeting the evolving needs of its growing customer base through enhanced digital services. This development marks a significant step in Pakistan's financial technology sector, combining telecommunications expertise with digital banking solutions.
VEON's investment strategy targets technological advancement in Pakistan's telecom sector while supporting the country's economic stability through improved financial services infrastructure.
The initiative is positioned to contribute to the modernization of Pakistan's financial services sector, with a focus on digital innovation and expanded banking accessibility.
