Extending a winning heritage that spans over a decade, Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited( MMBL), has been awarded the title of “ utmost Innovative Microfinance Bank – Pakistan 2022 ” by the prestigious Global Business Outlook( GBO) Awards 2022. The award highlights MMBL’s nonstop sweats to enhance access to innovative digital and fiscal results across Pakistan.
GBO is a UK- grounded publication devoted to covering vital assiduity sectors similar as banking, insurance, brokerage, finance, and disruptive technologies by celebrating individualities and associations around the world that have made significant impacts in their separate requests with an emphasis on value addition and invention.
Being presented with this accolade cements MMBL’s crucial part in transubstantiating the banking ecosystem in Pakistan by erecting smarter, more effective fiscal results for its growing clientele.
Addressing this recent achievement, President & CEO MMBL, Ghazanfar Azzam, said, “ We’re recognized to admit this distinguished recognition from GBO that corroborates our innovative sweats to give client– centric, affordable, and simplified digital fiscal results. ”
“ Pakistan’s rising smartphone and internet penetration has indeed opened new avenues for digitization and we’re committed to exercising these to help revise banking and enable increased access to flawless services, ” he added.
Also participating his studies, Chief Finance & Digital Officer MMBL, Sardar Mohammad Abubakr, stated, “ Being internationally honored as the ‘ utmost Innovative Microfinance Bank ’ in Pakistan is a testament to our success. The Bank’s sweats, for the last decade, have been concentrated on upping the unbanked and underserved parts of society, especially women entrepreneurs and Small and Medium– sized Enterprises( SMEs).”
“MMBL not only offers an array of innovative results through its extensive digital fiscal ecosystem but is also devoted to training its borrowers through technical training and chops development shops under the Women Inspirational Network( WIN) program. We’re determined to serve all underserved and unserved people through equal and ample openings for fiscal independence, ” he added.
With over 40 million registered druggies, including 15 million yearly active mobile holdalls and a network of,000 branchless banking agents, MMBL is devoted to employing the power of technology and encouraging invention in the banking sector.
The Bank’s technical products and services, similar as Women Inspirational Network (WIN) and DOST App grease individualities, especially women-possessed businesses, to grow financially. MMBL recognizes that a substantial proportion of Pakistan’s frugality is erected on the sweats of small businesses and is confident in the capability of the microfinance sector to serve as an machine for their growth.
Moving forward, the Bank aims to bridge the current fiscal gap by enabling every existing and business, especially those living in remote and hard-to-reach areas, to gain access to formal fiscal services with ease.