ISLAMABAD: Global digital operator VEON Group, the parent company of Jazz and Mobilink Bank, has announced a $20 million investment in Mobilink Bank to support its growth and expand digital Islamic banking services in Pakistan.
The latest investment follows $15 million deployed by VEON in January 2025 and reflects continued confidence in Mobilink Bank’s growth trajectory and its integrated digital financial ecosystem with JazzCash. The move comes amid rapid expansion in Pakistan’s digital banking and microfinance sector.
According to the company, the capital will be used to scale Mobilink Bank’s MSME financing portfolio, advance its Islamic banking offerings, and strengthen its transition into a technology-driven, digitally native bank. The focus will remain on expanding regulated financial access for underserved segments, particularly small businesses and women.
VEON Group Executive Committee Member and Chairman of Mobilink Bank, Aamir Ibrahim, said the sustained investment underlines VEON’s long-term commitment to Pakistan and its confidence in the structural shift underway in the country’s digital financial services landscape.
Mobilink Bank, together with JazzCash, serves more than 57 million customers and is supported by a nationwide network of over one million merchants and agents, forming one of Pakistan’s largest digital financial ecosystems.
