MMBL and MateSol unite to improve MSMEs Cash flow through state-of-the-art Invoice Financing.

Pakistan's leading microfinance institution, Mobilink Microfinance Bank Ltd. (MMBL) and MateSol, a blockchain-based invoice verification platform with a global footprint, have signed a Memorandum of Understanding (MoU) to offer better access to invoice financing for Micro Small and Medium-sized Enterprises (SMEs). As per the partnership agreement, MMBL will utilize MateSol's innovative blockchain-based invoice management system 'InvoiceMate' to finance invoices, offering MSMEs swift, hassle-free, secure, and transparent invoice financing solutions. With Specialization in Web 3.0 and Enterprise Blockchain, MateSol offers solutions for different verticals of the industry. InvoiceMate being the world's first-ever invoice management system on the blockchain, is the flagship product of MateSol.

MMBL is part of the VEON group, a global digital operator that provides converged connectivity and online services across seven countries. As part of its digital operator strategy, VEON is transforming people's lives by creating opportunities for increased digital inclusion and by driving economic growth across countries that are home to more than 8% of the world's population.

Under the subject partnership, MMBL's MSME customers will experience increased operational efficiency and reduced paperwork, resulting in a more streamlined and agile financing process. The Bank's commitment to innovation and customer-centricity is reflected in its adoption of cutting-edge financing solutions, which will enable MSMEs to thrive in a rapidly evolving business landscape.

Speaking on the occasion, Sardar Mohammad Abubakr, Chief Operating Officer (COO) MMBL said: 'Our collaboration with MateSol is...