Islamabad – August 06, 2024: Mobilink Bank has taken a significant step towards promoting sustainable transportation in Pakistan by launching its E-Bike Loan program. This initiative, dedicated to empowering individuals with accessible and eco-friendly transportation options, was formalized through a Memorandum of Understanding (MoU) with PakZon Electric Motors (Pvt) Ltd., the country’s leading electric bike manufacturer.
As part of this collaboration, Mobilink Bank is offering its customers exclusive benefits, including a 6% discount on E-bikes purchased through PakZon dealerships, three complimentary checkups at PakZon 3S dealerships, and a one-year battery warranty for two, three, and four-wheelers. These incentives aim to make E-bike ownership more affordable and convenient, further encouraging the adoption of green transportation solutions.
Mobilink Bank, a subsidiary of the VEON group—a global digital operator serving nearly 160 million customers across six dynamic markets—has strategically expanded its retail lending portfolio with this initiative. The E-Bike Loan program marks the Bank’s entry into the growing green financing sector, aligning with its broader mission of promoting sustainable practices. By offering hassle-free financing options, Mobilink Bank seeks to drive the adoption of sustainable transportation, particularly empowering women to make informed choices about their mobility needs.
“As part of our ‘Change to Sustain’ program, we are committed to reducing our carbon footprint and enabling our customers to do the same,” said Atta-ur-Rehman, Chief Business Officer at Mobilink Bank. “Our E-Bike loan offers a practical solution for individuals and the environment. By providing easy financing for electric bikes, we aim to cultivate a culture of empowerment and self-reliance, particularly among women. This initiative helps us break down gender barriers, promotes equitable access to resources, and paves the way for a greener, more sustainable future for all.”
Mobilink Bank’s E-Bike Loan program is not just about financing; it represents a commitment to expanding E-bike adoption, reducing carbon emissions, and enhancing urban mobility. The initiative aims to achieve a 100-metric-ton reduction in CO2 emissions within the next two years by increasing E-bike penetration, particularly in urban areas.
Shahzaib Amjad, Managing Director at PakZon Electric Motors (Pvt.) Ltd., echoed this sentiment, stating, “This partnership signifies a shared vision for innovation and excellence in the electric vehicle sector. We are confident that this collaboration will pave the way for groundbreaking advancements and mutual growth. Here’s to a prosperous and transformative journey together. May our collective efforts drive success and set new benchmarks in the industry.”
Further solidifying its commitment to environmental stewardship, Mobilink Bank has allocated PKR 2.5 billion to renewable energy financing and is on track to solarize fifteen branches in 2024. This initiative reflects the Bank’s dedication to promoting a sustainable future for Pakistan, demonstrating that financial institutions can play a pivotal role in driving environmental change.
This collaboration between Mobilink Bank and PakZon Electric Motors marks a significant milestone in Pakistan’s journey towards a greener, more sustainable future.
