Islamabad, Aug 6: Mobilink Bank, which is committed to encouraging environmental change, has announced the introduction of E-Bike loans. A Memorandum of Understanding (MoU) was signed by this initiative, which aims to provide people with accessible and environmentally friendly transportation options, and PakZon Electric Motors (Pvt) Ltd., the top producer of electric bikes in Pakistan.
All of the Bank’s customers will receive special benefits through this offer, which include a one-year battery warranty for two-, three-, and four-wheelers, three free checks at PakZon 3S shops, and a 6% discount on E-bikes bought through PakZon dealerships. These perks are meant to lower the cost and increase the convenience of owning an e-bike.As a member of the VEON group, a worldwide digital operator, Mobilink Bank offers digital services and converged connectivity to about 160 million users across six vibrant markets that account for 7% of the world’s population.
With the E-Bike Loan, Mobilink Bank is stepping into the expanding green finance market and strategically expanding its retail lending portfolio. The Bank encourages the adoption of sustainable transportation and empowers people specially women to make well-informed decisions about their mobility needs by providing simple financing options.
Atta-ur-Rehman, Chief Business Officer of Mobilink Bank, stated, “As part of our ‘Change to Sustain’ program, we are committed to reducing our carbon footprint and enabling our customers to do the same.” “Our most recent project, the E-Bike loan, provides a useful resolution for people and the environment. Our goal is to empower and encourage self-reliance and empowerment in society by making electric bike financing easily accessible, especially for women. He continued, “This initiative paves the way for a greener, more sustainable future for everyone, helps us break down gender barriers, and promotes equitable access to resources.”
The Bank is committed to increasing the use of e-bikes, lowering carbon emissions, and improving urban mobility through this program. Within the next two years, the program aims to reduce CO2 emissions by 100 metric tons by boosting the prevalence of E-bikes, especially in metropolitan areas.
“This collaboration represents a mutual goal for creativity and quality in the electric car industry,” PakZon Electric Motors (Pvt.) Ltd. Managing Director Shahzaib Amjad remarked. We have no doubt that this partnership will open doors for ground-breaking discoveries and reciprocal development. Together, let’s embark on a lucrative and transforming adventure. May our combined efforts lead to success and establish new standards for the sector,” he continued.
The Bank has demonstrated its unwavering commitment to environmental stewardship by pledging PKR 2.5 billion for the financing of renewable energy projects and the solarization of fifteen branches by the year 2024.
