Mobilink Microfinance Bank Limited (MMBL), the international association that represents mobile operators and the larger mobile ecosystem, is working with GSMA to promote digital inclusion across the country through cutting-edge financial solutions.
With the help of MMBL’s Women Inspirational Network (WIN) programme and other Diversity and Inclusion (D&I) efforts, MMBL and GSMA hope to close the gender gap in digital financing.
The Memorandum of Understanding (MoU) will make it possible for both parties to carry out cooperation projects for connectivity and other ICT development-related areas in Pakistan.
Ghazanfar Azzam, President & CEO of MMBL, shared his comments at the signing event and said, “The fast development in teledensity across Pakistan has offered great prospects for boosting financial inclusion through features & smartphones.”
He continued, “Through this partnership, we aim to leverage the technological expertise of GSMA for enabling digitally powered innovative solutions for our target segments, specifically women & persons with disabilities, and to increase accessibility and affordability of mobile financial services on the way.
Sardar Mohammad Abubakr, Chief Finance and Digital Officer MMBL, also spoke at the event and stated that “financial literacy and digital inclusion are critical factors to promote. Due to low awareness and scarce resources, underserved yet crucial categories, such as women, farmers, and SMEs, lack access to financial channels.
By providing accessible and sustainable access to digital financial products and services, he continued, “MMBL and GSMA will work in close coordination to enhance digital, and financial literacy while enhancing agri-tech services.”
According to Julian Gorman, Head of APAC, GSMA, “We are happy to support MMBL’s efforts to eliminate usage and gender inequalities and address the hurdles to inclusion that affect so many.”
We think that having connectivity is a fundamental human right since it enables those who are left out of society, business, and local communities, enabling them to prosper. The advancement of the Digital Pakistan agenda in support of inclusivity is something we look forward to working on together, he continued.
Through this relationship, MMBL and GSMA will carry out a number of technological and digital projects to empower the general public in a number of areas, including agri-tech, Small & Medium Sized Enterprises (SMEs), and Women’s Financial Services, while also improving connectivity.
By empowering the unbanked and underbanked segments across the country, MMBL is closing the digital and financial gap with the aid of its strategic partners.