Mobilink Pakistan is a mobile network provider in Pakistan. The company has over 50 million subscribers. In November 2015, the company acquired Warid Telecom, a subsidiary of the Abu Dhabi Group. This merger allowed the company to acquire a combined subscriber base of 50 million people. In 2017, the company acquired a 2100 MHz license for 3G technology, and announced that it would have the largest 3G network in Pakistan and more than 9000 3G-ready cell sites.
JazzCash
The launch of Mobilink Pakistan JazzCash came after the State Bank of Pakistan issued a circular prohibiting banks from charging fees for IBFT. This decision was aimed at promoting digital payments and cutting out a major source of revenue for branchless banking operations. As a result, Jazz has seen an increase in demand for its mobile financial services, and the potential for its market share in the sector has become clear.
The JazzCash lending model is geared towards Micro Small and Medium Enterprises (MSMEs) and aims to increase the number of MSMEs’ loan cycles. This is a focus area of Mobilink Pakistan’s digital strategy as the company sees a huge market for growing MSMEs in Pakistan. JazzCash is a subsidiary of Mobilink Microfinance Bank, which has a 64 percent market share in mobile money transactions.
Initially, the JazzCash brand was launched in Pakistan as a re-branding of the popular Mobilink Money app. Its users can use the app to make and receive payments through mobile devices. It also allows consumers to store and transfer money from one device to another. The app also allows consumers to make and receive domestic remittances. In addition, it has a number of other services, such as ATM cards, bill payments, NFC payments, savings, and life insurance.
JazzCash is the largest fintech in Pakistan, with more than 10 million monthly active users. Its main aim is to improve financial inclusion in Pakistan, where an estimated 100 million adults are unbanked. JazzCash offers a range of financial services, including money transfers, bill payments, debit cards, insurance, ticketing, and government payments. Users can access JazzCash’s services through a mobile application, USSD channel, or more than 80,000 retail agents. The app is also integrated with an online payment gateway solution, which allows users to make payments.
Mobilink Microfinance Bank Limited (MMBL)
Mobilink Microfinance Bank Limited is a leading digital bank in Pakistan with more than 20 million registered users and 8 million active digital wallets. The bank’s mobile banking app and website offers financial services including savings, loans, insurance and remittances. The bank also has an alliance with Pakistan’s largest telecom operator, JAZZ, for G2P and B2P payments.
MMBL’s mission is to empower the masses through its innovative digital portfolio, including its mobile banking app. The bank supports over 100,000 micro entrepreneurs and small farmers and conducts over 3 million transactions each month. It also offers life insurance products to low-income consumers. The bank uses the latest technologies and has an extensive network of 71,000 agents.
In Pakistan, Mobilink Microfinance Bank Limited has launched three major microfinance initiatives. These include offering low-cost 4G handsets to its customers, supporting female entrepreneurs and providing agricultural advisory services to farmers. Kaan Terzioglu, CEO of VEON Group, launched the three initiatives on a recent visit to Pakistan.
The bank has grown its M-Wallets by 1.8 million in the third quarter. This represents 81% of all deposits in the microfinance industry. It also holds a 19% share of total deposits in traditional branch banking accounts. This growth in deposits has contributed to MMBL’s increase in market share, and it has led to the growth in Gross Loan Portfolio.
MobileRecharge
MobileRecharge Mobilink Pakistan allows you to recharge your mobile with a credit or debit card. The process is simple, just enter the recipient’s mobile number, pay and get the top-up instantly. You can choose to pay with Visa or Mastercard. This way, you can keep track of how much you’re spending and how much you’ll receive at the same time.
All major telecom operators in Pakistan are supported by MobileRecharge.com, including Ufone and Mobilink. Mobilink is the top cellular service provider in Pakistan, with over 31 million subscribers. Its services are available in more than a hundred cities throughout the country. It is also the country’s leading Blackberry service provider.
MobileRecharge Mobilink Pakistan is a convenient and secure way to recharge mobiles within the country. It offers fast and easy mobile recharges as well as exciting bonuses. Users can also transfer airtime internationally to other operators. Credits from MobileRecharge reach the destination number instantly and are processed securely.
MobileRecharge Mobilink Pakistan connects to Pakistan’s mobile operators through a flexible and scalable API. With this API, mobile service providers can distribute virtual airtime top-ups across the entire mobile operator network in Pakistan. The country’s telecom industry is one of the largest in the world, and fixed-line broadband coverage is limited, so the population is heavily dependent on mobile networks.
Women Inspirational Network (WIN)
In an effort to make financial inclusion a reality, the Women Inspirational Network of Mobilink Pakistan (MMBL) has launched a new program that aims to give a boost to women entrepreneurs. The new initiative will provide a simple and fast way for women to access digital growth opportunities. To kickstart this program, newly onboarded female vendors will receive zero percent commission for the first three months and be eligible to apply for loans at concessionary rates. In addition, MMBL branches will incorporate Daraz booths that will help vendors convert to MMBL banking products.
In Pakistan, women make up almost half of the population but are under-represented in the financial sector. Their financial inclusion rate is only 7%. In addition, the country’s population is booming, with over five million people accessing 3G/4G networks. The Mobilink Microfinance Bank is committed to helping women build a stronger financial future and make them more financially independent.
MMBL is committed to providing digital financial solutions for women and the differently abled, and has helped train more than 500 women. In addition to women, the MMBL has also onboarded nine differently-abled individuals, with the aim of enabling these individuals to start their own businesses and create jobs.
MMBL is Mobilink’s financial services arm and has launched three major microfinance initiatives for women. These initiatives are aimed at supporting female entrepreneurs, supporting small and medium-sized farmers and expanding digital banking services for consumers. These initiatives are designed to promote economic participation for women, especially in remote areas.
