MMBL and ABC partner to improve access to digital financial services – Business & Finance

ISLAMABAD: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) and CBA, a leading digital delivery platform working to promote micro-entrepreneurship in Pakistan, have partnered to increase citizens’ access to premium digital financial services nationwide. This partnership will strengthen access to financial products and services through digital platforms and improve financial literacy.

MMBL’s Chief Financial and Digital Officer, Sardar Mohammad Abubakr, and CBA’s CEO, Ghazanfar Ali Khan, signed the exciting agreement at MMBL’s headquarters in Islamabad, in the presence of senior management from both organisations.

Mobilink Microfinance Bank Limited is one of the country’s leading supporters of financial inclusion, fully committed to serving the marginalized and underserved while bridging the digital divide in the country. The bank leverages its elaborate portfolio of innovative digital and financial services to continuously provide convenient access to banking products and services to entrepreneurs and micro, small and medium-sized enterprises, especially in remote and hard-to-reach areas.

CBA, on the other hand, is the largest digital distribution platform with more than 20,000 retailers nationwide that provides one-stop retail solutions including various financial services, airtime telecom operators, utility bill payment, digital ticketing, e-vouchers, mobile handsets. purchases, digital messaging services and loan repayments.

Addressing the meeting, CFDO MMBL, Sardar Mohammad Abubakr said, “We are delighted to partner with ABC to further our goal of providing easy and accessible financial services to entrepreneurs and small businesses. MMBL and CBA share the same passion for driving economic growth through better access to finance, so we are excited to see where this collaboration takes us. Additionally, our shared digital infrastructure will be helpful in expanding the banking network to areas that lack physical branches, enabling more entrepreneurs and SMEs to grow their businesses and move towards sustainability.

CBA CEO Ghazanfar Ali Khan said, “CBA has strived to elevate micro-entrepreneurship by helping SMEs grow and achieve financial sustainability. We continue to improve, innovate and collaborate to be able to play a much larger and more impactful role in the industry.

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

Copyright Business Recorder, 2022

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