Tag: MMBL

MMBL reaffirms its commitment to promoting financial inclusion & digitalization efforts at the Leaders in Islamabad Business Summit 2022

Islamabad: Pakistan’s largest Digital Bank, Mobilink Microfinance Bank’s (MMBL) efforts to promote digital and financial inclusion across Pakistan, were recognized at the recent 5th edition of the Leaders in Islamabad Business Summit (LIIBS) 2022, organized by Nutshell Conferences. More than 1,000 delegates were in attendance, including senior dignitaries from local and international private organizations, the public sector, notable media personnel, entrepreneurs, and policymakers. MMBL also showcased its wide-ranging suite of financial products and services, focusing on the digital onboarding of customers and serving them through MMBL’s premium digital banking platform – DOST.

Ghazanfar Azzam, President & CEO, MMBL, and Sardar Mohammad Abubakr, Chief Finance and Digital Officer, MMBL shared valuable insights on talent requirements in the new normal and innovation for growth in their respective panel discussions. They addressed the audience by sharing MMBL’s role in promoting financial inclusion and digitalization efforts across the country, especially amongst the marginalized segments, to promote inclusive growth.

Addressing the delegates, Ghazanfar Azzam stressed the importance of transforming Pakistan’s banking ecosystem by promoting financial inclusion through technology-enabled products and services. He explained, “Pakistan ranks among the top freelance markets in the world. With high growth in freelance earnings recorded in recent years, MMBL remains committed to creating more financial empowerment opportunities for freelancers, women entrepreneurs, Micro, Small, and Medium-sized Enterprises (MSMEs), farmers, and underserved/unserved segments through convenient access to digital financial products and services.” He further emphasized the importance of forging strategic partnerships with organizations that share the common goal of promoting financial inclusion.

During his panel discussion, Sardar Abubakr stated, “Digital innovation is critical for economic growth. There should be a greater focus on creating an enabling and thriving environment for developing innovative products & services. Through MMBL’s Women Inspirational Network (WIN), we have leveraged advancements in digital innovation and technology to help uplift marginalized segments, especially women, with the latest financial offerings and financial literacy trainings. Digitization efforts will not only make financial services more accessible but also help develop new revenue streams across the country.”

The two-day event titled “Imagineering The Future” provided an opportunity for speakers and delegates to engage in an open dialogue and address pressing issues of common and national interest. The forum allowed industry leaders, entrepreneurs, innovators, economists, business strategists, academicians, thought leaders, foreign policy experts, and tech investors to discuss ideas and innovative strategies for a shared and sustainable growth of the nation’s economic landscape.

Mobilink Microfinance Bank, CBA partner to promote access to digital financial solutions for underserved segments

Karachi: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), and CBA, a leading digital distribution platform working to promote micro-entrepreneurship in Pakistan, have joined hands to increase peoples’ access to premium digital financial services across the nation. This partnership will strengthen access to financial products and services through digital platforms and improve financial literacy.

Chief Finance & Digital Officer MMBL, Sardar Mohammad Abubakr, and CEO CBA, Ghazanfar Ali Khan, inked this exciting agreement at the MMBL Head Office in Islamabad, in the presence of senior management from both organizations.

MMBL is one of the country’s leading proponents of financial inclusion, wholly committed to serving marginalized and underserved people while bridging the digital divide in the country. The bank leverages its elaborate portfolio of innovative digital and financial services to consistently provide convenient access to banking products and services to entrepreneurs and Micro, Small, and Medium-sized Enterprises, specifically in remote and hard-to-access areas.

CBA, on the other hand, is the largest Digital Distribution Platform with more than 20,000 retailers in the country that provides one-stop retail solutions, including various financial services, telcos airtime, utility bill payments, digital ticketing, e-vouchers, mobile handsets purchasing, digital courier services and loan repayments.

Addressing the gathering, CFDO MMBL, Sardar Mohammad Abubakr, stated, “We are excited to collaborate with CBA to reinforce our goal of providing easy and accessible financial services to entrepreneurs and small enterprises. MMBL and CBA share the same passion for spurring economic growth through improved access to finance, so we are thrilled to see where this collaboration leads. Furthermore, our shared digital infrastructure will come in handy in widening the banking net to areas that lack physical branches, enabling more entrepreneurs and SMEs to expand their businesses and journey further towards the path to sustainability.”

CEO of CBA, Mr. Ghazanfar Ali Khan, stated, “CBA has been working to elevate micro-entrepreneurship by helping SMEs to scale upwards and attain financial sustainability. We continue to improve, innovate and collaborate to be able to play a much larger and impactful role in the industry.”

MMBL is proud to forge alliances with like-minded organizations to further its mission of a financially included Pakistan. The bank focuses on financially empowering women in Pakistan’s economic landscape so they can actively contribute to the sustainable growth and development of the nation’s economy. Through its diversified financial services portfolio, MMBL aims to revolutionize the microfinance ecosystem by implementing digital reforms in the banking sector.

Mobilink Microfinance bank relocates Multan branch to promote access to financial solutions to a larger customer base

Islamabad: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has expanded its banking operations by relocating its Multan branch to Muslim Gujjar Khadda Road Markaz, to serve its growing customer base and promote access to convenient and customized digital banking and financial solutions to residents and the local business community at one of the busiest trade centers of the metropolitan.

MMBL Multan’s new premises was inaugurated in the presence of senior executives, staff members, and the media. Speaking at the opening ceremony, President & CEO, MMBL, Ghazanfar Azzam said, “The city of Multan is a growing business hub in Punjab and is home to various industrial & commerce enterprises. We are thrilled to strengthen our footprint in this great locality and excited to continue supporting the community with customized digital financial products and services. The new branch is a full-service banking center designed to enrich our customers’ banking experience with us. At MMBL, we believe in investing in communities where we can connect at a more personal level with customers and empower them with tailored digital financial solutions.”

With a focus on promoting financial inclusion across the country, MMBL offers an array of customized digital and financial solutions to its growing customer base through its expansive digital and physical touchpoints. MMBL is financially powering over 40 million registered users, including over 15 million monthly active mobile wallets across Pakistan, helping serve the most underserved and marginalized populations across the nation.

MMBL aims to continue serving a diverse range of customers to help address their growing financial needs with seamless onboarding and convenient access to an extensive portfolio of digital banking solutions.

Mobilink Microfinance Bank signs an agreement with IBP to upskill its employees

Islamabad: Pakistan’s largest digital bank – Mobilink Microfinance Bank Limited (MMBL), has joined hands with the Institute of Bankers Pakistan (IBP), the country’s leading premier banking training institute, to upskill and develop the capacities of its valued workforce and help strengthen banking experience of its customers and delivery standards. Through this collaboration, more than 1500 frontline MMBL employees will be enrolled at IBP in its specialized banking education and training programs, IBP Superior Qualification, and IBP Microfinance Diploma.

President and CEO, MMBL, Ghazanfar Azzam, and Khawlah Usman, Director of Marketing and Sales, IBP, signed the agreement earlier this week in the presence of senior officials from both organizations, expressing their commitment to ensure quality banking services to the customers through meaningful collaborations. the quality of services in the banking industry through meaningful collaborations.

Speaking at the occasion, President and CEO, MMBL, Ghazanfar Azzam said, “We are excited to join hands with Pakistan’s most prestigious banking education institute, IBP. The Institute’s long-term commitment to developing technically qualified banking service professionals gels well with our focus to provide the highest standards in banking service delivery and customer handling. I am positive that the knowledge gained by our employees’ banking education during their sessions at IBP will enhance efficiency and customer satisfaction across the board”.

Sharing her thoughts, Khawlah Usman, Director of Marketing and Sales, IBP, said, “We are glad to welcome MMBL’s young and dynamic employees. The Bank has already made its mark by achieving various laurels in the industry, and I am glad to witness its pursuit of further excellence through regular capacity enhancement of its employees. IBP has been operating for nearly seven decades to diversify and enrich Pakistan’s banking industry with a pool of learned and experienced professionals. We are committed to provide quality banking education and up-skilling of banking professionals vis-à-vis the ever-evolving needs, opportunities, and challenges of the industry.”

As Pakistan’s largest digital financial bank, MMBL currently serves over 40 million registered users, including over 15 million monthly active mobile wallets, and has over 100 branches across Pakistan. The Bank constantly strives to facilitate customers by streamlining nationwide access to simplified and convenient financial solutions. The partnership with IBP endorses MMBL’s vision to maintain its position as the ‘Employer of Choice’ in the industry by enabling its employees to attain the highest degree of professional excellence and career growth.

Customer-centricity is one of the core values of MMBL with a focus on providing the best possible services to existing and potential new customers. MMBL is keen to expand its organizational development portfolio in collaboration with the Institute of Bankers Pakistan for additional learning programs in the coming months.

Mobilink Microfinance Bank to offer Adamjee Life Assurance products to customers across its nationwide branch network

Islamabad: Mobilink Microfinance Bank (MMBL), Pakistan’s Largest Digital Bank has signed a Term Life Insurance Memorandum of Understanding (MoU) with the country’s leading insurance service provider, Adamjee Life Assurance for nationwide branch network life assurance products. This strategic partnership is designed to promote enhanced access to premium insurance products from Adamjee’s portfolio for customers in unserved and underserved regions through MMBL’s vast nationwide branch network. The arrangement is well-positioned to positively impact the financial inclusion landscape of the country.

Senior members from both organizations gathered earlier this week for the signing of the agreement at the MMBL Head Office in Islamabad. Speaking at the occasion, President and CEO, MMBL, Ghazanfar Azzam, opined, “We are excited to collaborate with Adamjee Life Assurance, to collectively drive our vision of providing quality services to our customers and promote financial inclusion. MMBL’s widespread branch network, amassing upwards of 100 branches, will greatly aid in realizing our shared agenda and consequently accelerate economic growth.”

These insurance products and services will be notable additions to the ones already an active part of MMBL’s portfolio, which includes life and health insurance for customers, and animal insurance for livestock loans. Adamjee Life Assurance will primarily offer three key products under this partnership, including Adamjee Life ‘Sehat Kafalat’, Adamjee Life ‘Nigraan’, and Adamjee Life ‘Mustaqbil Ki Zamanat’. Initially, these offerings will be made available through Adamjee Life Assurance desks at designated MMBL branches nationwide. Existing and walk-in MMBL customers can explore and subscribe to the product solutions per their requirements. For added convenience, MMBL will facilitate seamless payments directly to Adamjee Life through existing payment channels as well as its one-stop digital financial platform – DOST.

President and CEO of Adamjee Life Assurance, Manzar Mushtaq, while stressing the importance of the subject collaboration, stated, “We are excited to partner with MMBL, the country’s largest digital bank, to promote our flagship insurance products across the country. Our Life, Health, and Pay continuation products are exclusively tailored to fulfill the needs of the masses. We hope that we will be able to make them more accessible to prospective customers through our alliance with MMBL”.

As Pakistan’s leading digital financial institution, MMBL is currently serving over 40 million registered users, including 15 million monthly active mobile wallets and has over 100 branches across Pakistan. The Bank strives to facilitate customers by streamlining nationwide access to simplified and convenient financial solutions. MMBL, over the past decade, has introduced multiple innovative and customized digital and financial initiatives, such as digital onboarding of customers, self-service banking through the DOST App (available on both iOs & Android), Internet Banking, the Women Inspirational Network (WIN) program, and the Humqadam program to provide employment opportunities to the differently-abled and much more.

MMBL partners with BaKhabar Kissan to foster a smart digital ecosystem for its growing Agri-customers across Pakistan

Islamabad, 19 April 2022: Pakistan’s largest digital bank, Mobilink Microfinance Bank Ltd (MMBL) has partnered with BaKhabar Kissan (BKK), a leading agri-tech enterprise that provides advisory services to small and medium farmers across the country.

Through this strategic alliance, smart digital financial and agri-tech solutions will be offered to MMBL’s growing base of agri-customers to help farmers identify, assess and monitor crop type, weather and land conditions, livestock, and other key agriculture and environment-related indicators to boost income and agricultural produce.

President & CEO MMBL, Ghazanfar Azzam, and CEO BKK, Khizer Alam Khan signed the agreement in Islamabad, with senior officials from both organizations in presence.

Under this partnership, MMBL will empower its Agri-borrowers using smart digital financial solutions to boost their agricultural output. This alliance will not only improve digital financial literacy rates among farmers but also, provide them access to round-the-clock advisory from Agri-experts on crop management with a focus on increasing yield and income.

Speaking about the partnership, Chief Finance & Digital Officer MMBL, Sardar Mohammad Abubakr said: “The use of optimized digital financial services in the agricultural sector of Pakistan is the need of the hour that has the potential of providing farmers with better access to agri-commerce, crop & livestock advisory, weather conditions, and disaster management. Through this partnership, MMBL is dedicated to strengthening the agri-tech landscape in Pakistan by digitally enabling our increasing agricultural farmers, comprising 63% of MMBL’s total customer base.”

Also speaking at the occasion, Fuad Imran Khan, Chief Strategy Officer BKK said: “BaKhabar Kissan is delighted to sign this agreement with MMBL. Farmers are at the front and center in all that we do at BaKhabar Kissan. This agreement will go a long way towards promoting financial inclusion in agriculture which in many ways is the most important, yet one of the most neglected sectors of our economy. Timely provision of credit to farmers, particularly smallholder farmers is an important ingredient in ensuring good farm productivity and quality. With MMBL, we will move the needle in agriculture productivity and contribute towards a more prosperous Pakistan.”

The initiative will be offered to MMBL’s agricultural borrowers through its expansive network across Pakistan to adopt better and improved agriculture methods and solutions to boost productivity and efficiency. MMBL through, Khushhal Kissaan Loan, Passbook Loan, Tractor Loan, Khushhal Kissaan Value Chain, and Livestock Loan is actively working towards improving farmers’ access to finance. With its partnership with BKK, the Bank is committed to bringing its borrowers agri-tech advisory services that will ensure improved profitability by decreasing both yield loss and input cost.

MMBL collaborates with IWCCI to promote access to Digital Financial Solutions for Women Micro-entrepreneurs

Islamabad, 15 April 2022: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with the Islamabad Women Chamber of Commerce & Industry (IWCCI) to promote and strengthen access to Digital Financial Solutions (DFS) for women borrowers and micro-entrepreneurs.

Promotion of financial inclusion is one of the core pillars at MMBL whereby the Bank is committed to facilitating its women borrowers by paving the path to easy, seamless, and affordable DFS offerings. With custom-designed female-centric products, MMBL is continuously striving to fulfill the financing needs of women by eliminating barriers that restrict their access to financial services. Through this MoU, access to financial credit for women entrepreneurs will be further simplified.

MMBL’s collaboration with IWCCI is another step forward in endorsing multiple initiatives to establish a supportive environment for women borrowers and micro-entrepreneurs allowing them to not only build their businesses but also enhance outreach. Through tailored entrepreneurial capacity-building workshops and training programs, IWCCI will not only provide marketing opportunities for micro-entrepreneurs but also support strengthening their financial position. This alliance is dedicated to creating better opportunities for women’s financial inclusion by generating awareness about DFS including mobile wallets.

Commenting on the occasion, President & CEO- MMBL, Ghazanfar Azzam said: “It is a challenge for Pakistan to achieve complete financial inclusion and attain sustainable growth unless access to financial resources to the 49% of the population that comprises women, is ensured. MMBL, through its Women Inspirational Network (WIN) program, has made conscious efforts to include women borrowers and micro-entrepreneurs in the financial net. Since the program’s inception, we have upskilled more than 500 women in urban and rural startups in financial management, and our drive to foster financial literacy spurs ever on. Through this collaboration with IWCCI, we will continue enabling women to further understand Pakistan’s digital financial ecosystem while opening more avenues for them to gain formal access to financial capital.”

President IWCCI, Naima Ansari said: “At IWCCI, we are focused on helping businesses achieve ambitions. Now it is imperative for women-owned businesses to take advantage of financial offerings for business scalability and expansion. We look forward to working with MMBL to design financial products customized to the needs of women business owners, that will pave the way for their financial inclusion and growth.”

MMBL acknowledges the need to uplift Small & Medium Enterprises (SMEs) that contribute approximately 40% to the country’s GDP. MMBL and IWCCI emphasize that upskilling women in DFS and mobile wallets is vital to building and fostering a digital economy. MMBL, with its strategic partnerships, is dedicated to fostering financial inclusion through its diverse portfolio and skills development workshops in numerous capacities including but not limited to financial management, personal entrepreneurial competencies, and business planning.

Mobilink Microfinance Bank Limited Enables Merchants to book Inventory on flexible loans Digitally

Islamabad: The largest digital bank of Pakistan, Mobilink Microfinance Bank Limited (MMBL) is ushering in unparalleled enablement for Pakistani traders and merchants by allowing them to book inventory on credit, via their distributor. The latest offer, being introduced in partnership with AdalFi – a digital lending fintech – completely digitizes the banking experience of its business customers, particularly the micro, small, and medium business enterprises by manifold.

MMBL is the first and only microfinance institution to offer merchant lending based on credit scoring. Under MMBL’s digital brand DOST, applications for distributors and merchants, retailers can book inventory through MMBL’s seamless digital banking ecosystem through competitive and flexible financing. This will enable merchants to grow their businesses, besides providing convenience through notifications and options to repay via Inter Bank Fund Transfer (IBFT), or over the counter/branches.
For more information on this product, please visit https://mobilinkbank.com/digital-banking/Dost-tajir

Chief Finance and Digital Officer, MMBL Sardar Mohammad Abubakr said: “MSMEs are the key to fostering economic prosperity and enabling a thriving environment for the country’s sustainable development. We are keen to use digital and financial technology to unlock the full potential of small and medium enterprises to catalyze a socio-economic transformation at the grassroots level. Growth trends during the pandemic indicate that MSMEs thrive on a digital model and our latest initiative is designed to sustain and further accelerate this growth wave.”

Salman Akhtar, CEO of AdalFi said: “We are delighted to partner with MMBL to enable real-time credit disbursement to MSMEs. Our Digital Lending Platform enables Banks to credit score MSMEs entirely, digitally, and unlock access to credit. This is the first of several lending products we are planning to launch in collaboration with MMBL.”

MMBL has an excellent track record of harnessing the power of digital and financial technology to aid the growth of small and medium businesses across the country. The bank has an added focus on helping to accelerate the growth of women-owned and led enterprises, in addition to businesses operating across Pakistan’s remote and hard to access regions. The bank leverages its grand scale digital financial ecosystem to support nationwide economic progress and development through a bottom-up development approach and has showcased enviable results for the past many years.

Mobilink Microfinance Bank Limited honored with the ‘D&I Leader’ Award

Pakistan’s largest digital Bank, Mobilink Microfinance Bank Limited (MMBL) has once again clinched the Corporate Social Responsibility Award in the category of “Diversity & Inclusion (D&I) Leader” for advancing D&I through its flagship women empowerment and disability inclusion initiatives, Women Inspirational Network (WIN) and Humqadam program. The 11th Annual International Corporate Social Responsibility Summit & Awards 2022, were held in Karachi by The Professionals Network and are the first and only (CSR) Award of Pakistan registered with the IPO Government of Pakistan. The ceremony was attended by prominent business personalities and professionals from the industry, government organizations, NGOs, academia, and the media.

Under its flagship initiatives WIN and Humqadam, MMBL is supporting women and differently-abled individuals by facilitating them to overcome barriers restricting their access to financial empowerment. In line with the United Nations Sustainable Development Goals 2030, the bank has been providing training opportunities to women and differently-abled individuals to strengthen their professional capabilities with a focus on improving their digital and financial skillsets in the rapidly evolving banking ecosystem of Pakistan.

Expressing her thoughts on receiving the award, Samiha Ali Zahid, Chief People Officer at MMBL said: “MMBL is honored to be recognized by The Professionals Network (TPN) for its efforts to become a catalyst of change for diversity and inclusion. This award is a reflection of MMBL’s commitment to uplift marginalized social groups, including women and differently-abled individuals by providing a platform and enabling them to grow professionally. As Pakistan’s largest digital bank, MMBL reinforces its commitment to roll out innovative financial products and services for everyone, leaving no one behind, by removing all potential barriers and building a truly inclusive digitally and financially enabled Pakistan.”

Through its expansive financial services portfolio, MMBL provides easy accessibility of its digital financial solutions, and has trained over 500 women, and onboarded over 9 differently-enabled individuals under the WIN and Humqadam program, respectively. MMBL remains dedicated to fostering inclusion and empowerment opportunities for all using the power of digital financial services.

 

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