Mobilink Bank and Yango Pakistan have partnered to expand financial services for eligible partner drivers and couriers across Pakistan.
The partnership will offer Shariah-compliant vehicle and handset financing. It will also provide Takaful protection, digital banking and payment solutions.
The initiative aims to improve financial inclusion among workers in Pakistan’s growing gig economy. It focuses on financial products linked directly to drivers’ livelihood needs.
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The two companies will treat vehicles as productive assets that help drivers generate income. Their joint ecosystem will combine financing, protection, banking, payments and connectivity.
Financing of up to Rs5 Million
Eligible Yango partner drivers can access Car Diminishing Musharakah financing of up to Rs5 million.
Mobilink Bank will also offer Murabaha financing for motorcycles, e-bikes, rickshaws and handsets. Yango Pakistan will identify eligible drivers for the programme.
The companies will also offer rickshaw, motorcycle and handset financing under applicable Corporate Guarantee arrangements.
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The partnership goes beyond standalone vehicle financing. It aims to support drivers throughout their earning journey.
This approach could help drivers acquire the tools they need without relying entirely on informal financing.
Takaful Protection Included
Eligible financed customers will receive complimentary embedded Takaful coverage throughout the financing period.
The coverage includes income protection and hospitalisation benefits. Eligible women borrowers can also receive maternity benefits.
The package also includes protection against accidental death or permanent disability.
Customers will have access to vehicle Takaful and other asset-protection options under the programme.
Haaris Mahmood Chaudhary, President and CEO of Mobilink Bank, said the partnership targets a major gap in financial access.
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“Pakistan’s gig economy is creating a new generation of entrepreneurs, yet many remain outside formal financial services. Through this partnership, we are giving ride-hailing drivers access to Shariah-compliant financing, protection and digital banking tools that can strengthen their livelihoods and support sustainable growth.”
Digital Payments and Banking Access
Eligible drivers and couriers will also gain access to Mobilink Bank’s digital banking ecosystem.
They can use digital account onboarding and Business Plus Account benefits. The package also includes Raast QR payments.
A dedicated Driver QR will allow drivers to collect fares digitally.
Selected connectivity and handset benefits will also form part of the partnership.
Miral Sharif, Country Head for Yango Pakistan, said a vehicle plays a central role in a driver’s earning capacity.
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“For a driver, a vehicle is not simply an asset, it is the foundation of their earning potential. Access to appropriate financing and protection can therefore have a direct impact on their ability to work and grow. Our partnership with Mobilink Bank brings these solutions closer to eligible partner drivers, while giving them greater flexibility to invest in the tools they rely on every day. We see this as an important part of building a stronger and more sustainable driver ecosystem.”
The partnership reflects growing efforts to bring gig workers into Pakistan’s formal financial system.
By combining financing with digital payments and protection, the companies aim to support drivers beyond vehicle ownership. The model also seeks to strengthen long-term earning opportunities for eligible Yango partners.
