Pakistan: VEON to invest $20m in Mobilink Bank
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Global digital operator and the parent company of Jazz and Mobilink Bank, VEON Group has announced an investment of $20 million in Mobilink Bank to support its growth and digital Islamic banking expansion in Pakistan.
The investment builds on $15m capital deployed by VEON in January 2025 and underscores its confidence in Mobilink Bank’s growth momentum and its integrated digital financial ecosystem with JazzCash, amid the rapid expansion of Pakistan’s digital banking and microfinance sector.
The capital will be used to scale Mobilink Bank’s 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.
VEON Group Executive Committee Member and Chairman of Mobilink Bank, Aamir Ibrahim, said that the continued stream of investment from VEON underscores our long-term commitment to Pakistan and confidence in the structural shift underway in the country’s digital financial services ecosystem.
Mobilink Bank, together with JazzCash, serves over 57 million customers and is supported by a nationwide network of more than one million merchants and agents, and anchors one of Pakistan’s largest digital financial ecosystems.
Reference Link:- https://www.dawn.com/news/1964796
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
