Mobilink, NBP, WMBL sign MoU

ISLAMABAD: NBP has signed a memorandum of understanding with Mobilink and Waseela Microfinance Bank in Mobilink’s headquarters in Islamabad, a press release from the company said on Friday.
Under the arrangement the three parties will cooperate in facilitating payments under the Prime Minister’s Youth Business Loans scheme, it added. According to this group-based model, borrowers obtaining loans from NBP will repay them in instalments by visiting their nearest Mobicash outlet, using the Mobilink network, according to the press release.