MMBL and GSMA collaborate to increase Pakistan’s digital and financial solutions

Mobilink Microfinance Bank Limited (MMBL), the international association that represents mobile operators and the larger mobile ecosystem, is working with GSMA to promote digital inclusion across the country through cutting-edge financial solutions.
Mobilink Microfinance Bank Limited (MMBL), the international association that represents mobile operators and the larger mobile ecosystem, is working with GSMA to promote digital inclusion across the country through cutting-edge financial solutions.
The Memorandum of Understanding (MoU) will make it possible for both parties to carry out joint projects for connectivity and other ICT development-related areas in Pakistan.
Sharing his thoughts at the signing ceremony, Ghazanfar Azzam, President & CEO MMBL, remarked, “The rapid growth in tele density across Pakistan has opened great avenues for fostering financial inclusion through feature & smartphones.”
“Through this partnership, we aim to leverage the technological expertise of GSMA for enabling digitally powered innovative solutions for our target segments, specifically women & persons with disabilities, increasing accessibility and affordability of mobile financial services on the way,” he added.
Also speaking at the occasion, Sardar Mohammad Abubakr, Chief Finance and Digital Officer MMBL, said, “Digital and financial literacy are key drivers to promote financial inclusion for all. Underserved, yet integral segments, particularly women, agriculture and SMEs lack access to banking channels due to little awareness and limited resources.”
“Through this initiative, MMBL and GSMA will work in close collaboration to increase digital, and financial literacy, while boosting Agri-Tech services, through convenient and sustainable access to digital financial products and services,” he added.
“We are pleased to support MMBL’s efforts to close usage and gender gaps and address the barriers to inclusion that affect so many,” said Julian Gorman, Head of APAC, GSMA.
“We believe connectivity is a human right and giving it to those that are excluded empowers business, society, and local communities – helping them to thrive. We’re looking forward to working together to advance the Digital Pakistan agenda in support of inclusion,” he added.
Through this relationship, MMBL and GSMA will carry out a number of technological and digital projects to empower the general public in a number of areas, including agri-tech, Small & Medium Sized Enterprises (SMEs), and Women’s Financial Services, while also improving connectivity.
By empowering the unbanked and underbanked segments across the country, MMBL is closing the digital and financial divide with the aid of its strategic partners.

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