VEON Group, parent of Jazz and Mobilink Bank, plans a $20 million infusion to accelerate the bank’s expansion and advance digital Islamic banking in Pakistan.
This follows a $15 million injection in January 2025, underscoring VEON’s confidence in Mobilink Bank’s growth within Pakistan’s booming digital finance and microfinance sector.
Strategic Focus Areas
Funds will enhance financing for micro, small, and medium enterprises (MSMEs), strengthen Islamic banking, and drive tech transformation. Emphasis falls on expanding regulated finance to underserved groups, particularly small businesses and women.
Aamir Ibrahim, VEON Executive Committee member and Mobilink Bank Chairman, highlighted the commitment to Pakistan’s digital financial evolution. With JazzCash, they serve over 57 million customers via one million+ merchants and agents—one of Pakistan’s largest digital ecosystems.
