Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 15 million mobile wallets. Backed by Global Telecom - VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012. Being a hybrid model that combines traditional micro finance with mobile / digital banking technologies, the bank now operates with 61 branches, 1,000 employees, a network of over 70,000 branch-less banking agents (growing) and a USSD (GSM) based digital channel in the country offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (of utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments and thus playing a leading role in promotion of financial inclusion.
Despite being a young bank, Mobilink bank has emerged as one of the front runners in the sector and achieved financial break-even within four years of commencing operations in 2015, one of the fastest in the industry. Financial performance of the Bank has been remarkable in 2016 and 2017 with return on equity exceeding 35% in 2017.
Mobilink Bank & JAZZ, under the brand name JAZZCASH, envision to become market leaders in branchless banking, mobile banking and micro financial services offering simple, innovative and value added products and services to the people of Pakistan. MMBL game plan aims at taking banking from confines of limited number of brick and mortar structures to cell phones and thus make a significant contribution in banking the unbanked through digital channels. We currently make over 40 million transactions (primarily domestic & home remittances and utility bills collection) per month through our branch banking channel and have financed over 200,000 individual micro and small businesses since inception of the Bank in 2012.