ISLAMABAD – Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, has hailed VEON Group’s $15 million investment into Mobilink Bank as a transformative step in advancing financial innovation and fostering a cashless economy in Pakistan. He emphasized the profound socioeconomic impact of this foreign direct investment (FDI), 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,” Aamir Ibrahim stated. “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.”

As the first major FDI in Pakistan in 2025, VEON’s investment reinforces the country’s position as a hub for digital and financial innovation. Mobilink Bank will channel these funds into expanding its MSME financing portfolio and advancing its digital financial services, with JazzCash playing a vital role in enabling greater accessibility and impact for 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,” Aamir 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, shared his optimism, stating: “This funding 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.”

This investment comes as the State Bank of Pakistan’s supportive monetary policies create fertile ground for innovation and growth. Mobilink Bank’s extensive network of over 400,000 touchpoints and JazzCash’s widespread adoption among 20 million active users will play a central role in driving this transformation.

The $15 million capital investment aligns with VEON Group’s vision of leveraging technology to empower communities and foster sustainable development. Together with Mobilink Bank and JazzCash, VEON is set to redefine Pakistan’s financial landscape, establishing new benchmarks for innovation, inclusion, 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 concluded.