U Bank and Pathfinder Group Join Hands to Extend Digital Financial Services Across Pakistan

U Bank and Pathfinder Group have collaborated strategically to offer clients digital financial services and other banking-related services by combining organizational strengths.

The Memorandum of Understanding (MoU) was signed by Kabeer Naqvi, President & CEO - U Microfinance Bank, and Zarrar Sehgal, Chairman - Pathfinder Group, in the presence of Ikram Sehgal, Co-Chairman - Pathfinder Group, and other senior management members from both organizations, at the Pakistan Pavilion during the World Economic Forum 2023 in Davos, Switzerland.

Speaking at the occasion, Kabeer Naqvi, President & CEO – U Microfinance Bank stated, "As a mission-driven bank with financial inclusion for citizens across all societal segments as our objective, we are glad to have entered into this collaboration with Pathfinder Group. This gives us an opportunity to expand our digital outreach and bring the unbanked population into the financial ecosystem in an efficient manner."

The chairman of Pathfinder Group, Zarrar Sehgal, expressed his opinions regarding the significance of this strategic alliance deal. According to him, these collaborations will aid in the economic empowerment of the general public and have a long-lasting effect on Pakistan's adoption of digital financial inclusion. Pathfinder Group is eager to collaborate closely with U Bank to make a difference and promote inclusiveness.