With the aim of using organizational strengths to offer digital financial and other banking services to customers, Pathfinder Group and U Microfinance Bank (U Bank) have entered into a strategic collaboration.

The signing of the memorandum of understanding between the two financial groups took place at the Pakistan Pavilion on the sidelines du World Economic Forum 2023 in Davos — Switzerland. Kabeer Naqvi, President and CEO of U Microfinance Bank and Zarrar Sehgal, President of Pathfinder Group participated in the exercise in the presence of Ikram Sehgal, co-president of Pathfinder Group, and other senior members of the two organizations.

According to Kabeer Naqvi, President and CEO of U Microfinance Bank, said that “as a mission-oriented bank with the financial inclusion of citizens in all segments of society as a goal, we We are pleased to have concluded this collaboration with Pathfinder Group. This gives us the opportunity to expand our digital reach and bring the unbanked population into the financial ecosystem in an effective way.”

For his part, the president of the Pathfinder Group, Zarrar Sehgala shared his views on the importance of this strategic partnership agreement. For him, such partnerships will contribute to economically empowering the masses and will have a lasting impact on digital financial inclusion in Pakistan.