Mobilink Microfinance Bank Ltd (MMBL), which is part of Pakistan’s mobile operator Jazz, has been awarded “the Best MicroFinance Bank (Digital) of the Year Award” from the CFA Society in Pakistan.

The award was given after conducting a thorough or stringent review process that obtained feedback from several judges from the CFA Society, who evaluated and ranked the bank across “a number of criteria.

MMBL claims that it’s the largest digital bank in Pakistan. It reportedly has more than 20 million registered and more than 8 million active monthly digital wallets. The bank began offering services back in April 2012

MMBL also launched its branch-less or all-digital banking platform under the brand name Jazz Cash (in November 2012) – which was established through a partnership with one of Pakistan’s biggest telecom operators Jazz, which is one of VEON’s operating firms.

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