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 the expansion of digital Islamic banking in Pakistan.
The investment builds on the $15 million capital deployed by VEON in January 2025 and underscores the Group’s confidence in Mobilink Bank’s strong growth momentum and its integrated digital financial ecosystem with JazzCash. The announcement comes amid the rapid expansion of Pakistan’s digital banking and microfinance sector.
The capital will be used to scale Mobilink Bank’s MSME financing portfolio, advance its Islamic banking offerings, and strengthen its evolution into a technology-driven, digitally native bank. The Bank will continue to focus on expanding regulated financial access for underserved communities, particularly small businesses and women.
VEON Group Executive Committee Member and Chairman of Mobilink Bank, Aamir Ibrahim, said that the continued stream of investment from VEON reflects the Group’s long-term commitment to Pakistan and its confidence in the structural shift underway in the country’s digital financial services ecosystem.
Mobilink Bank, together with JazzCash, serves over 57 million customers and is supported by a nationwide network of more than one million merchants and agents, anchoring one of Pakistan’s largest digital financial ecosystems.