Investor Confidence: Veon Group injects USD 15 million in Mobilink Bank to fuel growth and tech advancement
Global digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan’s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank’s strategic ambitions. The capital injection will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing, explore Islamic banking, and accelerate its ongoing transition into a technologically advanced, future-ready digital bank.
Editor
SBP, banks to remain closed for public dealing on 1 January
The State Bank of Pakistan (SBP), all banks and financial institutions will observe Bank Holiday on Wednesday and remain closed for public dealing.
Mehfooz
Domestic Deposits in Pakistan’s Scheduled Banks Surpass the PKR 31 Trillion Benchmark: SBP Report
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing complete disclosure of the Corporation’s financial performance, operating activities, and achievements. DPC was established under the Deposit Protection Corporation Act, 2016 and operates as a…
Abhi & TPL Corp receive approval to acquire FINCA Microfinance Bank
The strategic alliance between Abhi and TPL Corp aims to reshape financial inclusion efforts across Pakistan by combining FINCA’s extensive microfinance network and expertise with Abhi’s innovative digital solutions and TPL Corp’s presence in retail, insurance and technology sectors.
InfraZamin Pakistan seminar advocates Green Bonds for Sustainable Finance
InfraZamin Pakistan, Pakistan’s premier credit enhancement guarantor, in collaboration with the State Bank of Pakistan (SBP), Pakistan Banks’ Association (PBA), and the Private Infrastructure Development Group (PIDG) hosted a seminar titled Enabling Green Financing and Green Bonds via Credit Enhancement Solutions today at a local hotel.
Mobilink Bank honoured with multiple awards at VEON Ignite 2024
Mobilink Bank, was celebrated with multiple prestigious awards at VEON Ignite 2024. This annual gathering brings together over 200 global leaders from VEON’s extensive network, focusing on driving digital innovation and future strategies.
Muhammad Aurangzeb Inaugurates SECPs Electronic Mortgage Register for Banks and Financial Institutions
Federal Minister for Finance and Revenue, Muhammad Aurangzeb launched SECPs Electronic Mortgage Register of Companies, a landmark initiative designed to provide a centralized system for accessing and verifying mortgage information of companies.
Mobilink Bank Tops SBP’s Banking on Equality Scorecard Two Years in a Row
Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women Friendliness Grid. This notable increase from last year’s score of 71.79 highlights the Bank’s continuous efforts in fostering a supportive environment for women borrowers and entrepreneurs, particularly in the Micro, Small, and Medium Enterprises (MSME) sector.
SECP Crack Down on Illegal “SMARTPAYS” Investment Scheme
The Securities and Exchange Commission of Pakistan has identified an illegal investment/deposit-taking platform operating under the name “SMARTPAYS”.
Share of digital payments surged to 84% in FY-24
The State Bank, report said that ongoing transformation of Pakistan’s payment landscape towards digital payments underwent significant advancements as share of digital payments surged to 84% during fiscal year 2023-24.
Adil Aziz