Sony Pixel Power calrec Sony

VEON's Mobilink Bank Becomes First Microfinance Bank Globally to Join the GSMA Connected Women Commitment Initiative

02/03/2023

02 Mar 2023

VEON's Mobilink Bank Becomes First Microfinance Bank Globally to Join the GSMA Connected Women Commitment Initiative MWC Barcelona, XX February 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that Mobilink Microfinance Bank Ltd. (MMBL), its banking operation in Pakistan, has signed up to the GSMA's Connected Women Commitment Initiative, becoming the first microfinance bank, globally, to do so.

The GSMA Connected Women Commitment Initiative was set up in 2016 to accelerate digital and financial inclusion for women across Africa, Asia, and Latin America. Since the inception of the Commitment Initiative, over 40 mobile operators have made formal commitments and have collectively reached over 55 million additional women with mobile internet and mobile money services.

MMBL will leverage its extensive operations across Pakistan, with more than 16 million monthly active customers across Pakistan, 100+ branches, and over 200,000 branchless banking agents, to further the aim of the GSMA's Connected Women Commitment Initiative by encouraging the adoption of digital technology amongst women, to foster their financial inclusion.

It will run various programs to deliver tailored offerings to increase the percentage of female customers and reach more and more women across Pakistan with digital financial services. The Bank aims to increase the proportion of female customer base by 15%, adding 600,000 customers by 2025.

Female microentrepreneurs are key to Pakistan's successful future and the GSMA is rightly focusing on them, states Kaan Terzioglu, CEO of VEON Group. The adoption of mobile technology and the use of digital operator services has the power to transform entire sectors of society and bring prosperity to millions. Through its existing strong relationships with women across Pakistan, and its close relationship with Jazz Pakistan- our telco arm, MMBL is perfectly positioned to deliver on the ambitions of the GSMA's Connected Women Commitment Initiative.

MMBL joins several mobile operators from around the world who have committed to reducing the gender gap in the customer base of their mobile internet or mobile money services. This commitment also builds on VEON's strong track record on diversity in the country; Jazz Pakistan, was recently announced as the best Gender Inclusive Workplace in the UN Women Asia Pacific WEP Awards and received seven awards at the Global Diversity, Equity & Inclusion Benchmark Awards.

MMBL operates in most of the rural and urban regions across Pakistan to foster financial inclusivity and bring economic empowerment to people. Our partnerships extend that mandate to include digital inclusion and we see connectivity as being on par with access to finance, as a key driver of economic progress, explains Sardar Mohammad Abubakr, Chief Operating Officer of MMBL. Empowering female customers/entrepreneurs is on top of our mantra, as including this significantly impactful segment will ensure sustainable growth for all and we continue to further this ambition of ours through this commitment with GSMA.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world's fastest-growing emerging markets. For more information, visit: www.veon.com

About Mobilink Microfinance Bank Ltd.

Mobilink Microfinance Bank Ltd. is providing banking services to over 42 million registered users including 16+ million monthly active customers across Pakistan. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 100 branches and 200,000 branchless banking agents and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion.

About GSMA

The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today's biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world's largest platform to convene the mobile ecosystem at the MWC and M360 series of events.

We invite you to find out more at gsma.com

Further information on the Connected Women Commitment Initiative can be found at: www.gsma.com/mobilefordevelopment/connected-women/the-commitment/

Disclaimer

This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and include statements relating to, among other things, the potential benefits of the operation of [add details]. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEO
LINK: https://www.veon.com/media/media-releases/2023/veon-s-mobilink-bank-be...
See more stories from vimpel

More from VimpelCom

08/05/2025

VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela to Serve as Chairman

08 May 2025 VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela ...

07/05/2025

VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solutions to Drive Digital Growth

07 May 2025 VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solut...

02/05/2025

VEON to release 1Q25 trading update on May 15, 2025

02 May 2025 VEON to release 1Q25 trading update on May 15, 2025 Dubai, May 2, 2025 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that t...

25/04/2025

VEON Files its 2024 Annual Report on Form 20-F

25 Apr 2025 VEON Files its 2024 Annual Report on Form 20-F Dubai, April 25, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON' or the Compa...

14/04/2025

VEON Publishes 2024 Integrated Annual Report Detailing Commitment to Sustainable Growth and Highlighting Robust Financial Performance

14 Apr 2025 VEON Publishes 2024 Integrated Annual Report Detailing Commitment t...

08/04/2025

VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing

08 Apr 2025 VEON Completes Reorganization Ahead of Kyivstar's Planned Nasdaq Listing Dubai, April 8, 2025: VEON Ltd. (Nasdaq: VEON), a global digital opera...

31/03/2025

VEON Announces 2025 AGM and Board Nominees

31 Mar 2025 VEON Announces 2025 AGM and Board Nominees Notice of the 2025 Annual General Meeting of Shareholders of VEON Ltd. Dubai, March 31, 2025 - VEON Ltd...

27/03/2025

VEON Returns to Capital Markets with Successful Syndication of USD 210 Million Term Loan

27 Mar 2025 VEON Returns to Capital Markets with Successful Syndication of USD ...

26/03/2025

VEON Appoints Anand Ramachandran as Corporate Development Officer

26 Mar 2025 VEON Appoints Anand Ramachandran as Corporate Development Officer Dubai, March 26, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON...

21/03/2025

VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Solutions Supporting Ukraine's Resilience

21 Mar 2025 VEON and Airspan Sign MoU to Collaborate on Air-to-Land Network Sol...

20/03/2025

VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital Services Driving Growth

20 Mar 2025 VEON FY24 and 4Q24 Trading Update: Strong Delivery in 2024, Digital...

20/03/2025

VEON to Proceed with USD 35 Million Share Buyback

20 Mar 2025 VEON to Proceed with USD 35 Million Share Buyback Announcement marks second phase of USD 100 million share buyback program announced on August 1, 2...

20/03/2025

VEON Discloses Selected Key Financial Metrics About Uklon

20 Mar 2025 VEON Discloses Selected Key Financial Metrics About Uklon Kyiv and Dubai, March 20, 2025 - VEON Ltd. (Nasdaq: VEON), a global digital operator, tod...

19/03/2025

VEON's Kyivstar Expands Digital Portfolio with Acquisition of Uklon, Ukraine's Top Ride-Hailing Business

19 Mar 2025 VEON's Kyivstar Expands Digital Portfolio with Acquisition of U...

18/03/2025

VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Signs Definitive Business Combination Agreement with Cohen Circle

18 Mar 2025 VEON Moves Forward with Kyivstar's Landmark Nasdaq Listing; Sig...

17/03/2025

VEON appoints Johan Buse as the Incoming CEO of Banglalink

17 Mar 2025 VEON appoints Johan Buse as the Incoming CEO of Banglalink Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VE...

12/03/2025

VEON to release 4Q 2024 trading update on 20 March 2025

12 Mar 2025 VEON to release 4Q 2024 trading update on 20 March 2025 Dubai, 12 March 2025 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms ...

06/03/2025

Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign

06 Mar 2025 Mobilink Bank Wins GLOMO Award for Invisible Heirs Campaign Barcelona and Islamabad, March 06, 2025: VEON Ltd. (Nasdaq: VEON), a global digital ope...

05/03/2025

VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in collaboration with Huawei

05 Mar 2025 VEON's Jazz to Deploy 1,000 Solar Sites across Pakistan in coll...

04/03/2025

VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced Customer Experience

04 Mar 2025 VEON's Beeline Uzbekistan to Deploy Predictive AI for Enhanced ...

26/02/2025

VEON Highlights Role of Investments in Rebuilding Ukraine, Renews Invest in Ukraine, NOW! Call in Kyiv Visit

26 Feb 2025 VEON Highlights Role of Investments in Rebuilding Ukraine, Renews ...

14/02/2025

VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2.6 Million for Demining in Ukraine

14 Feb 2025 VEON's Kyivstar and the Come Back Alive Foundation Raise USD 2....

12/02/2025

VEON's JazzCash and Mobilink Bank Shortlisted for Prestigious GLOMO Awards

12 Feb 2025 VEON's JazzCash and Mobilink Bank Shortlisted for Prestigious GLOMO Awards Dubai and Islamabad, February 12 2025: VEON Ltd. (Nasdaq: VEON), a g...

30/01/2025

VEON Gets Unanimous Support from Noteholders Voting in Consent Solicitation to Facilitate Indirect Listing of Kyivstar on Nasdaq

30 Jan 2025 VEON Gets Unanimous Support from Noteholders Voting in Consent Soli...

16/01/2025

VEON Appoints New Members to the Group Executive Committee

16 Jan 2025 VEON Appoints New Members to the Group Executive Committee Dubai, 16 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or t...

13/01/2025

VEON to List Kyivstar on Nasdaq in New York, Signs Letter of Intent with Cohen Circle

13 Jan 2025 VEON to List Kyivstar on Nasdaq in New York, Signs Letter of Intent...

09/01/2025

VEON appoints Burak Ozer as Group Chief Financial Officer

09 Jan 2025 VEON appoints Burak Ozer as Group Chief Financial Officer Dubai, 9 January 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the...

30/12/2024

In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink Direct-to-Cell Satellite Connectivity to Kyivstar Customers

30 Dec 2024 In a Groundbreaking Agreement, VEON and Starlink to Bring Starlink ...

19/12/2024

VEON Completes the Move of its Headquarters to Dubai

19 Dec 2024 VEON Completes the Move of its Headquarters to Dubai Dubai, 19 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VEON or the G...

13/12/2024

VEON discloses its unaudited interim condensed consolidated financial statements for 3Q and 9M 2024

13 Dec 2024 VEON discloses its unaudited interim condensed consolidated financi...

12/12/2024

Kyivstar and Jazz Secure Double Win for VEON at The World Communication Awards 2024

12 Dec 2024 Kyivstar and Jazz Secure Double Win for VEON at The World Communica...

11/12/2024

Kazakh Language Gets its National LLM with a Groundbreaking Partnership of Kazakh Research Institutions and VEON's QazCode

11 Dec 2024 Kazakh Language Gets its National LLM with a Groundbreaking Partner...

09/12/2024

VEON Approves Launch of the Initial USD 30 Million Phase of its Share Buyback Program

09 Dec 2024 VEON Approves Launch of the Initial USD 30 Million Phase of its Sha...

05/12/2024

VEON and Engro Corp Announce Strategic Partnership for Telecommunications Infrastructure

05 Dec 2024 VEON and Engro Corp Announce Strategic Partnership for Telecommunic...

03/12/2024

In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Unfreezing of VEON's Corporate Rights in Kyivstar

03 Dec 2024 In an Open Letter to VEON Investors, VEON Group CEO Welcomes the Un...

29/11/2024

VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Supporting Ukraine's Recovery and Resilience

29 Nov 2024 VEON Welcomes Unfreezing of its Corporate Rights in Kyivstar, Suppo...

25/11/2024

VEON Shares now Trade Exclusively on Nasdaq in New York

25 Nov 2024 VEON Shares now Trade Exclusively on Nasdaq in New York Amsterdam, Dubai and New York, November 25, 2024: VEON Ltd. (Nasdaq: VEON), a global digita...

21/11/2024

VEON on Track to Consolidate Trading on Nasdaq in New York, Last Day on Euronext Amsterdam is Tomorrow

21 Nov 2024 VEON on Track to Consolidate Trading on Nasdaq in New York, Last Da...

21/11/2024

VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with Audited Financial Statements for Year Ended 31 December 2023

21 Nov 2024 VEON Publishes 2023 Dutch Annual Report for VEON Holdings B.V. with...

20/11/2024

VEON's Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billion in Ukraine's Economy

20 Nov 2024 VEON's Kyivstar Acquires New Spectrum, Investing UAH 1.4 Billio...

19/11/2024

GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uzbekistan and Uzbekistan's Ministry of Digital Technologies

19 Nov 2024 GSMA brings M360 Eurasia to Tashkent in partnership with Beeline Uz...

15/11/2024

VEON Receives License for its Branch Office in Dubai International Financial Centre

15 Nov 2024 VEON Receives License for its Branch Office in Dubai International ...

14/11/2024

VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, Digital Drives Growth

14 Nov 2024 VEON 3Q24 Trading Update: Another Billion Dollar Revenue Quarter, D...

13/11/2024

VEON appoints UHY LLP as auditors for VEON Group's 2024 PCAOB Audit

13 Nov 2024 VEON appoints UHY LLP as auditors for VEON Groups 2024 PCAOB Audit Amsterdam and Dubai, 13 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amster...

12/11/2024

VEON Announces Special General Meeting for the Laying of the 2023 Audited Financials Before Shareholders

12 Nov 2024 VEON Announces Special General Meeting for the Laying of the 2023 A...

11/11/2024

VEON Elevates its Youth Offering Through Banglalink's AI-Powered Lifestyle App RYZE

11 Nov 2024 VEON Elevates its Youth Offering Through Banglalink's AI-Powere...

08/11/2024

VEON Group Reaffirms Commitment to Strengthen Pakistan's Digital Infrastructure in Meeting with Prime Minister

08 Nov 2024 VEON Group Reaffirms Commitment to Strengthen Pakistan's Digita...

07/11/2024

VEON's Cloud & Cybersecurity Platform Garaj Signs with Standard Chartered Bank in Pakistan

07 Nov 2024 VEON's Cloud & Cybersecurity Platform Garaj Signs with Standard...