Mobilink Microfinance bank limited (MMBL) signed a strategic partnership with Quwat

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Mobilink Microfinance bank limited (MMBL) signed a strategic partnership with Quwat

MMBL is partnering with Quwat, the digital subsidiary of Industries, to bring you innovative financial services and products for individuals as well as SMEs.MMBL CEO and Founder, Sardar Mohammad Abubakr, and Industries CEO, Muhammad Saad Khan, have signed a partnership agreement at the MMBL Headquarters. 

Senior officials from both organizations were in attendance. This partnership will focus on helping to grow MMBL’s customer base, starting with SMEs.Under the partnership, MMBL will now be able to provide its individual customers, as well as its enterprise customers with access to all of the flexible financing opportunities they are looking for. 

Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL)

Pakistan’s largest digital bank with 37 million registered customers and 14 million active mobile wallets Mobilink Microfinance Bank Limited (MMBL). MMBL offers a range of financial services to its customers including but not limited to loan products, deposit products, bill payments, airtime top-ups and international money transfers. In addition, MMBL has a vast network of agents and merchants across Pakistan which allows customers to access banking services in their local communities easily. Looking to the future, MMBL is well-positioned to capitalize on the growing demand for digital banking services in Pakistan. With a solid customer base, innovative products, and a nationwide distribution network, MMBL is poised for continued growth and success.

(MMBL) and Quwat have signed a strategic partnership agreement covering the following points

  • This includes things like B2B lending and account opening services.MMBL will work with SMEs to help them get the funding and support they need to grow their businesses.Quwat’s new lite-branch model will allow more people to bank with MMBL, which is beneficial for customer retention. Sardar Mohammad Abubakr, Chief Finance & Digital Officer at MMBL, said, “The collaboration with Quwat by Industries is another milestone for us in our journey of empowering.
  • Through this partnership, MMBL will be able to make innovations in business-to-business lending as well as traditional banking services. Through this partnership, MMBL will further support microfinance clients and improve their customers’ banking services.
  • In order to maintain continued success, Industries draws inspiration from MMBL as we improve our customer experience. Quwat, Industrus’ fintech model looks to meet the needs of MMBL’s customers by providing simple and convenient financial services accessed through ubiquitous digital solutions” – Muhammad Saad Khan, CEO & Founder. 

The goal of the partnership:

The partnership aims to help unserved SMEs gain the digital access they need and deserve in Pakistan, with an emphasis on inclusive practices, he concluded.MMBL is a digital bank that provides banking solutions and services for your everyday life. From simple convenience to ultra-secure storage, MMBL offers you the best banking that’s easy and accessible. As part of its mission to help Pakistan grow and develop, the bank partners with innovative companies like Debit. They offer digital wallets and microfinancing to those who can’t afford them traditionally.

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