ISLAMABAD: Global digital operator VEON Group has announced a fresh investment of $20 million in Mobilink Bank, reinforcing its commitment to Pakistan’s expanding digital banking and microfinance sector and supporting the bank’s growth, particularly in digital Islamic banking.
According to a statement issued on Friday, the investment follows an earlier capital injection of $15m made by VEON in January 2025. The additional funding reflects VEON’s confidence in Mobilink Bank’s growth trajectory and its integrated digital financial ecosystem, which operates in close coordination with JazzCash, one of the country’s leading digital payment platforms.
VEON, the parent company of Jazz and Mobilink Bank, said the new capital would be used to expand the bank’s micro, small and medium enterprise (MSME) financing portfolio, strengthen its Islamic banking offerings, and accelerate its transition into a technology-driven, digitally native financial institution. The investment will also support efforts to widen access to regulated financial services for underserved segments of society, including small businesses and women.
Pakistan’s digital financial services landscape has witnessed rapid growth in recent years, driven by increased mobile penetration, regulatory reforms and rising demand for branchless and digital banking solutions. Mobilink Bank, which operates as a microfinance bank, has positioned itself as a key player in this evolving ecosystem by leveraging technology and partnerships to reach unbanked and underbanked populations.
VEON Group Executive Committee Member and Chairman of Mobilink Bank, Aamir Ibrahim, said the continued flow of investment demonstrated VEON’s long-term commitment to Pakistan and confidence in the structural transformation taking place in the country’s financial services sector.
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“This investment reflects our belief in the growth potential of digital financial services in Pakistan and Mobilink Bank’s ability to deliver inclusive, technology-led banking solutions at scale,” he said.
Mobilink Bank, in collaboration with JazzCash, currently serves more than 57 million customers across the country. The ecosystem is supported by a nationwide network of over one million merchants and agents, making it one of Pakistan’s largest digital financial platforms. Through this network, customers are able to access a wide range of services, including digital payments, savings, financing and remittances.
Once again, pleased to share that the first FDI of the year comes from @VEONGroup into @MobilinkBank. This continued investment reinforces long-term commitment to Pakistan, strengthening digital banking & the digital economy. @CMShehbaz @sifcpakistan @MoIB_Official @StateBank_Pak pic.twitter.com/3auU5BP4OM
— Aamir Hafeez Ibrahim (@aamir_ibrahim01) January 2, 2026
Industry analysts note that increased investment in digital and Islamic banking could help broaden financial inclusion in Pakistan, where a large segment of the population remains outside the formal banking system. Islamic banking, in particular, has gained traction as demand grows for Shariah-compliant financial products.
The latest investment is expected to further strengthen Mobilink Bank’s balance sheet and operational capacity, enabling it to expand its product offerings and deepen its reach in both urban and rural markets. It also signals sustained foreign investor interest in Pakistan’s digital finance sector, despite broader economic challenges.
