Mashreq, the MENA-based financial institution, has successfully expanded into Pakistan – marking a significant milestone in its strategic expansion plans and underlining its commitment to driving digitisation and financial inclusion in high-growth markets.
Mashreq explained it is committed to fostering growth across Pakistan by utilising local talent and expertise. By creating a digital ecosystem supported by robust infrastructure and institutional frameworks, Mashreq aims to drive digital innovation and significantly enhance financial inclusivity in the country.
The bank for the MENA region also revealed plans to launch digital banking operations in Pakistan, after the successful incorporation of the country.
Mashreq has already established a Centre of Excellence (CoE) in Pakistan to deliver a portfolio of innovative products. Leveraging its successful incorporation in Pakistan, Mashreq hopes its involvement in the country can lay the foundation for a partnership that benefits consumers, businesses, and the economy.
To mark its expansion, a high-level Mashreq delegation, including senior members of the executive committee, visited Pakistan to strengthen ties and consider collaboration to recognise the milestone alongside independent board members Syed Naseer Hassan and Rashid Khan.
Fernando Morillo, group head of retail banking at Mashreq, said, “Our foray into Pakistan is a pivotal moment for Mashreq, marking a new chapter in our strategic expansion.
“We eagerly...
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