Mobilink Microfinance Bank Limited (MMBL), part of mobile operator Jazz, has won the Best MicroFinance Bank (Digital) of the Year Award from the CFA Society in Pakistan. The award was the result of a stringent process that involved a panel of judges from the CFA Society ranking the bank across a number of criteria.
MMBL is Pakistan's largest digital bank with over 20 million registered and over 8 million monthly active digital wallets. The bank started operations in April 2012 and launched branch-less banking operations under the brand name JazzCash in partnership with Pakistan's largest telecom operator Jazz, one of VEON’s operating companies, in November 2012.
The award was announced at the 17th Annual Excellence Awards Ceremony, held recently Karachi. The event was attended by Dr. Reza Baqir, Governor of the State Bank of Pakistan, as the Chief Guest, who presented the award to Mobilink Microfinance Bank. Previously Mobilink Microfinance Bank also won the “Bank of the Unbanked” award consecutively for two years 2018 and 2019 from The Institute of Banking Pakistan (IBP)
VEON’s co-CEO Sergi Herrero commented: “This award is testament to the journey that Mobilink has been on over the past eight years, reaching millions of customers across Pakistan and playing a major role in encouraging greater financial inclusion. We are extremely proud to receive this award from the CFA Society and see this not only as recognition of what we’ve achieved so far, but also as a mark of trust in what’s to come.”