Mobilink Bank, Pakistan’s leading digital microfinance institution, has been recognized as the ‘Best Microfinance Bank’ at the Pakistan Banking Awards 2024. This prestigious accolade underscores the bank’s commitment to advancing financial inclusion and fostering digital empowerment across the country.
The recognition highlights Mobilink Bank’s innovative use of fintech solutions to create a digitally inclusive ecosystem, reflecting its broader mission to prepare Pakistan for a sustainable, technology-driven future. The award also reinforces the institution’s pivotal role in empowering marginalized communities, particularly women, by providing them with financial tools and resources to achieve economic independence.
Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Bank, emphasized the significance of the achievement, attributing it to the trust placed in the bank by millions of Pakistanis. He remarked, “This award is a testament to our collective mission to uplift society through financial inclusion. Mobilink Bank’s success lies in empowering individuals, especially women, with the resources to thrive. This recognition validates our efforts in driving economic growth and resilience nationwide. I commend the Mobilink Bank team for their dedication and look forward to their continued transformative impact.”
Interim CEO Haaris Mahmood Chaudhary expressed similar sentiments, calling the award a reflection of the bank’s dedication to empowering small businesses, women, and underserved communities through innovative digital solutions. “We are committed to expanding access and creating lasting opportunities for those who need it most. This recognition inspires us to continue building an inclusive, future-ready digital financial ecosystem that fosters sustainable growth and economic progress,” he said.
Mobilink Bank has become a leader in financial inclusion through several innovative initiatives. The bank’s Women Inspirational Network (WIN) program has equipped over 20,000 women with financial and digital literacy skills and aims to onboard an additional 50,000 women into the formal banking system by 2026, in collaboration with Care International Pakistan. Additionally, the bank advocates for women’s inheritance rights through awareness campaigns and has introduced a digital inheritance calculator on its ‘DOST’ app, an industry-first innovation aimed at empowering women with accurate share calculations and informed decision-making.
Through collaborative efforts, Mobilink Bank has amplified its impact, leveraging its DOST app to make financial education accessible and flexible. This self-paced learning platform enhances the financial literacy of users, further supporting the bank’s vision for an inclusive digital ecosystem.
In the fiscal year 2023-2024, the Mobilink Bank School of Learning delivered over 83,000 hours of training to improve the digital skills of employees and entrepreneurs. Moreover, through the National Financial Literacy Program (NFLP-II), the bank educated 2,780 rural beneficiaries, 71% of whom were women. This initiative earned Mobilink Bank the ‘Best NFLP Team Award’ from the State Bank of Pakistan, highlighting its success in addressing the financial literacy gap.
Mobilink Bank’s innovative services, training programs, and collaborative initiatives reflect its mission of building a digitally agile, inclusive Pakistan. The recognition as ‘Best Microfinance Bank’ solidifies its leadership in driving meaningful change and fostering economic progress in underserved communities.