Mobilink Microfinance Bank Limited (MMBL) has partnered with Careem to offer its Captains health insurance services through digital channels at market-competitive rates for improved well-being.
MMBL and Careem’s collaboration is completely focused on providing captains with simple, accessible, and cheap digital financial solutions. Building on their current partnership, the signing partners decided to explore further possibilities, such as digital financing to financially support Careem Captains.
Sardar Mohammad Abubakr, Chief Finance & Digital Officer at MMBL, and Feroz Jaleel, Country Head Careem Pakistan, signed the MoU on behalf of their respective organizations to formally implement the initiative, which aims to provide more value in terms of financial independence and wellbeing to the hardworking workforce that drives the ride-hailing service across Pakistan.
Careem Captains will open their MMBL accounts digitally to gain access to the insurance services, with assistance from both the Careem and MMBL Support teams.
Sardar Mohammad Abubakar, Chief Finance and Digital Officer at MMBL commented on the development, saying, “Innovation and digitalization are the twin fuels that drive our growth at MMBL, and expanding our services to Careem Captains will help enable the achievement of our collective goal to promote digital and financial inclusion at all tiers.”
“Through this agreement, we hope to bring health and financial stability to the Captains, whom every day assure safe and comfortable trips for the masses,” he added.
Feroz Jaleel, Country Head Careem Pakistan, also spoke at the occasion, saying, “Captains are at the center of what we do and a focus area for us.” This collaboration with MMBL will surely benefit our meritorious Captains by providing them with convenient digital finance solutions and e-health insurance.”
“Careem has always been at the forefront of developing measures aimed at improving Captains’ quality of life.” This is the start of larger solution space for our Captains, and we will continue to investigate different ways to improve funding,” he added.