Mobilink Bank and Yango Pakistan have partnered to provide eligible Yango partner drivers and couriers with Shariah-compliant vehicle and handset financing, embedded Takaful protection, and digital banking and payment services.
The partnership brings financing and financial services into a single offering aimed at supporting drivers whose vehicles and other equipment are central to their livelihoods.
Under the agreement, eligible drivers identified by Yango Pakistan can access Car Diminishing Musharakah financing of up to PKR 5 million, along with Murabaha financing for motorcycles, e-bikes, rickshaws and handsets.
Rickshaw, motorcycle and handset financing will also be available under applicable Corporate Guarantee arrangements.
Takaful protection included
Eligible customers who take financing will receive complimentary embedded Takaful coverage throughout the financing tenure. The protection includes income protection, hospitalization and maternity benefits for eligible women borrowers, as well as accidental death or permanent disability coverage.
Vehicle Takaful and additional asset-protection solutions will also be available under the proposition.
Haaris Mahmood Chaudhary, President & CEO of Mobilink Bank, said: “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.”
Miral Sharif, Country Head for Yango Pakistan, said: “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.”
Digital banking and payment services
Eligible Yango partner drivers and couriers will also have access to Mobilink Bank’s digital banking and payment ecosystem.
The services include digital account onboarding, Business Plus Account benefits, Raast QR payments and a dedicated Driver QR for fare collection. Select connectivity and handset benefits will also be available.
The partnership positions the vehicle and other work-related equipment as productive assets while combining financing, protection, payments, banking and connectivity services for eligible drivers and couriers.