Pakistan’s largest digital financial institution, Mobilink Microfinance Bank Limited (MMBL) has collaborated with Careem, a pioneer within the Middle East area’s ride-hailing economic system, to present its Captains medical insurance companies over digital channels at market aggressive charges for enhanced well-being.
MMBL’s Chief Finance & Digital Officer, Sardar Mohammad Abubakr, and Country Head Careem Pakistan, Feroz Jaleel signed the MoU on behalf of their respective organizations to formally implement the initiative that intends to convey extra worth by way of financial independence and wellbeing to the diligent workforce that drives the profitable ride-hailing service throughout Pakistan. Careem Captains will open their MMBL accounts digitally to entry the insurance coverage companies whereas being assisted by way of the method by each the Careem & MMBL Support crew.
Sharing his ideas on the event, Chief Finance & Digital Officer MMBL, Sardar Mohammad Abubakar mentioned: “Innovation and digitalization is the twin fuel that drives our growth at MMBL, and expanding our services to Careem Captains will help enable the achievement of our collective goal to promote digital and financial inclusion at all tiers. Through this partnership, we aim to provide health & financial security to the Captains, who ensure secure & comfortable rides for the masses every day.”
Also talking on the occasion, Country Head Careem Pakistan, Feroz Jaleel mentioned: “Captains are at the heart of what we do and a priority area for us.
This collaboration with MMBL will undoubtedly bring value to our deserving Captains in availing hassle-free digital financial solutions and e-health insurance. Careem has always been at the forefront of coming up with initiatives designed at improving the quality of life for Captains. This is the beginning of bigger solution space for our Captains as we will continue to explore other ways to improve financing.”
Under this partnership, MMBL and Careem are solely targeted on offering simple, accessible, and reasonably priced digital financial solutions to the captains. Building on the present collaboration, the signing companions agreed on exploring extra alternatives together with digital lending to financially allow Careem Captains.
MMBL is a number one digital microfinance financial institution and the torchbearer of fostering digital and financial inclusion within the nation, notably amongst the unbanked segments of society. The financial institution presents a variety of digital financial services and products by way of its broad-based financial ecosystem, with a community of over 100 branches, that caters to the various wants of various particular person and enterprise clients.