Islamabad – VEON Group has announced a transformative $15 million investment into Mobilink Bank, marking the first major foreign direct investment (FDI) in Pakistan in 2025. The funding aims to advance digital financial solutions, promote financial inclusion, and foster a cashless economy in the country.
Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, emphasized the socioeconomic significance of this investment, positioning it as a testament to VEON’s confidence in Pakistan’s economic potential.
“This milestone investment by VEON Group reflects their unwavering belief in Mobilink Bank’s leadership in digital finance and Pakistan’s prospects for sustainable growth,” said Ibrahim. “It enables us to enhance digital financial solutions through Mobilink Bank and JazzCash, promote financial inclusion, and empower underserved communities—marking a pivotal moment for Pakistan’s financial ecosystem.”
The funds will be utilized to expand Mobilink Bank’s MSME financing portfolio and enhance digital financial services. JazzCash, with its 20 million active users, will play a critical role in making these solutions accessible to millions of Pakistanis.
“With this investment, we are not only accelerating the adoption of a cashless economy but also laying the groundwork for broader socioeconomic progress,” Ibrahim added. “Our commitment to improving lives and livelihoods is firmly rooted in creating a financially inclusive future for Pakistan, supported by the seamless digital payment ecosystem offered by JazzCash.”
Haaris Mahmood Chaudhary, Interim CEO of Mobilink Bank, highlighted the strategic implications of the funding. “This empowers us to expand into underserved regions, enhance our digital capabilities, and drive economic progress. As a future-ready digital bank, Mobilink Bank, in collaboration with JazzCash, is committed to delivering innovative financial solutions and fostering greater inclusivity across Pakistan,” he stated.
The State Bank of Pakistan’s supportive monetary policies have created fertile ground for such investments. Mobilink Bank’s extensive network of over 400,000 touchpoints, coupled with JazzCash’s widespread adoption, is expected to play a central role in driving this transformation.
VEON’s investment aligns with its vision of leveraging technology to empower communities and promote sustainable development. Together with Mobilink Bank and JazzCash, VEON aims to redefine Pakistan’s financial landscape, setting new benchmarks for innovation and impact.
“As Mobilink Bank, JazzCash, and VEON Group work towards a shared vision of economic empowerment, this historic FDI marks a new chapter in Pakistan’s journey toward a digitally inclusive and prosperous future,” Aamir Ibrahim concluded.
About VEON Group
VEON Group is a global connectivity and digital services provider headquartered in Amsterdam, committed to empowering communities through innovative technology and financial solutions.
