Mashreq establishes presence in Pakistan to drive digitization
and financial inclusion
Mashreq, a prominent financial powerhouse in the MENA region, is
thrilled to announce the successful incorporation of its operations in
Pakistan. This landmark achievement represents a pivotal step in Mashreq's
strategic expansion plan and underscores its unwavering commitment to advancing
digitization and fostering financial inclusion in high-growth markets.
To commemorate this significant milestone, a distinguished
delegation from Mashreq, including senior members of the executive committee,
embarked on a visit to Pakistan. This visit aimed to strengthen partnerships
and explore collaboration opportunities with local stakeholders, recognizing
the profound impact of this achievement. Independent board members, Syed Naseer
Hassan and Rashid Khan, were also present to mark this historic occasion.
Fernando Morillo, Group Head of Retail Banking at Mashreq,
expressed, "Our entry into the Pakistani market marks a momentous turning
point for Mashreq, signifying the beginning of a new chapter in our strategic
expansion journey. We are excited about the collaborative possibilities with
local partners and our role in cultivating a robust digital ecosystem that will
reshape the financial landscape of the country. Our commitment to driving
digitization and financial growth is particularly focused on SMEs, digital
payments, and financial inclusion. By harnessing our tech-ready infrastructure
and digital DNA, we aim to empower customers, cater to their evolving needs,
provide seamless banking experiences, and contribute to Pakistan's vision of a
digitally led, financially inclusive economy."
Mashreq has already established a Centre of Excellence (CoE) in
Pakistan, dedicated to delivering an array of innovative products. With the
successful incorporation in Pakistan, Mashreq is confident that its entry into
the market will foster a mutually beneficial partnership, bringing value to
consumers, businesses, and the overall economy.
The bank is committed to nurturing the country's growth by
harnessing local talents and expertise. By creating a robust digital ecosystem supported
by strong infrastructure and institutional frameworks, Mashreq aspires to drive
Pakistan toward a future defined by digital innovation and widespread financial
inclusivity.
Source: Zawya