Islamabad, Jan 3: Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, has expressed his excitement over VEON Group’s $15 million investment in Mobilink Bank, calling it a transformative step toward advancing financial innovation and promoting a cashless economy in Pakistan. He emphasized that this foreign direct investment (FDI) demonstrates VEON’s confidence in Pakistan’s economic potential and will have a significant socioeconomic impact.
Ibrahim highlighted that this milestone investment not only solidifies Mobilink Bank’s leadership in digital finance but also enhances financial inclusion efforts through Mobilink Bank and JazzCash. The investment will enable the expansion of digital financial solutions, empowering underserved communities and marking a pivotal moment for the country’s financial ecosystem.
The $15 million investment is the first major FDI in Pakistan in 2025 and signals the country’s growing role as a hub for digital and financial innovation. These funds will be directed toward expanding Mobilink Bank’s MSME financing portfolio and further developing digital financial services, with JazzCash playing a crucial role in improving accessibility for millions of Pakistanis.
Ibrahim also emphasized the role of the investment in accelerating the adoption of a cashless economy and creating broader socioeconomic progress. He stressed the commitment of Mobilink Bank and JazzCash to improving livelihoods through financial inclusion supported by seamless digital payment solutions.
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, echoed these sentiments, noting that the funding will help expand services into underserved regions, enhance digital capabilities, and drive economic progress. Mobilink Bank, in collaboration with JazzCash, aims to deliver innovative financial solutions to promote greater inclusivity across Pakistan.
The investment comes amid the State Bank of Pakistan’s supportive policies, fostering an environment ripe for innovation. With Mobilink Bank’s vast network of over 400,000 touchpoints and JazzCash’s strong user base of 20 million active users, these platforms are poised to drive this transformation.
This $15 million capital investment aligns with VEON Group’s broader vision of using technology to empower communities and promote sustainable development. Together with Mobilink Bank and JazzCash, VEON is set to redefine Pakistan’s financial landscape and set new benchmarks for innovation and inclusion.
