“We have now arrived in the era of digitalization which needs to replace and speed up the long-drawn process of loan disbursements. In Pakistan, the number of people using mobile and internet is increasing rapidly – more than 83 percent of the population use cellular phones.
This also demonstrates the dire need for robust digital services. Union Microfinance finds this an amazing opportunity to extend innovative digital banking solutions to the marginalized. Regarding financial inclusion of women, Union Microfinance also offers female-centric products because females lag far behind in the accessibility of financial services in our country.
Union Microfinance plans to expand its network in the next 2 years by opening more branches in other cities to facilitate and access the unbanked population throughout the country.”