Mobilink Bank is actively promoting climate finance in Pakistan, enabling individual borrowers and SMEs to access financing for solar energy products.

This concern is not new; the microfinance sector has been grappling with severe challenges for a couple of years. 

Advans Pakistan Microfinance Bank Limited, the target of the acquisition, represents the Pakistani branch of the renowned Advans Group, a leading international microfinance group with operations spanning nine developing countries.

Ericsson and Telenor Microfinance Bank have signed a multi-year extension of their partnership to propel easypaisa’s financial services offerings and expand the horizon of their service portfolio within the fintech sector in Pakistan.

This initiative refines and expands coverage of the parametric insurance product that was first launched in 2021 and aims to strengthen Fiji’s financial resilience against climate change and natural disasters.

The awardees include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited.

President, Dr. Arif Alvi urged the banking institutions to take measures to further strengthen financial inclusion and gender equality in the sector. 

Symbiotics Investments' loan represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan.

This partnership will give hundreds of thousands of Fijians access to digital payments through Mastercard’s global payment network of over 100 million merchants worldwide.

The global digital operator VEON last week announces that Mobilink Microfinance Bank Ltd. in Pakistan has signed up to the GSMA’s Connected Women Commitment Initiative set up to accelerate digital and financial inclusion for women.