JazzCash Crosses 62 Million Customers As Gross Transaction Value Reaches PKR 19.6 Trillion During FY2026

JazzCash has crossed 62 million registered customers, marking a major milestone for Pakistan’s digital payments sector. The mobile financial services platform processed PKR 19.6 trillion in Gross Transaction Value during the 12 months ending June 2026, representing a 67.5% year-on-year increase. The growth highlights continued expansion in demand for digital payments, lending and financial disbursement services across the country.

The platform has also expanded its Raast QR-enabled network to 1.7 million merchants, increasing the reach of digital payment acceptance across businesses. The sharp rise in transaction value was supported by a 57.1% year-on-year increase in transaction volume, while the average number of transactions per user increased by 56.3% during the second quarter of 2026, indicating that existing customers are using JazzCash services more frequently.

The growing customer base and transaction activity reflect the increasing adoption of mobile financial services in Pakistan. JazzCash’s expanding merchant network is also supporting greater acceptance of QR-based payments, while its broader portfolio of payments, lending and disbursement services continues to increase the range of financial activities available through its platform.

JazzCash CEO Murtaza Ali said the rising customer base reflects growing trust in digital financial services, while continued investment in products and services is helping broaden access to financial tools. The company is also focusing on enabling customers to access investment opportunities, including government Treasury Bills, as it expands beyond traditional payments and lending services.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.

Hot this week

SECP Approves Reforms To Improve Pakistan Standing Under World Bank Business Ready Framework

SECP approves regulatory reforms targeting remaining gaps in Pakistan performance under the World Bank Business Ready assessment.

1LINK Introduces 1GO Raast P2M For Digital Payments Ecosystem

1LINK has launched 1GO Raast P2M, a platform connecting banks, businesses, and merchants to enable seamless digital payments and support Pakistan's shift toward a cashless economy.

JazzCash Opens AI Foundry And Usability Testing Lab In Islamabad Headquarters

JazzCash has launched an AI Foundry and a usability testing lab at its Islamabad headquarters as the consumer app marks ten years of operation.

EFU Hemayah Takaful Partners With IU CEIF On Islamic FinTech

EFU Hemayah Takaful has signed a memorandum of understanding with the IU Centre for Excellence in Islamic FinTech to advance industry-academia collaboration in Takaful and Islamic finance.

TDAP And ITC Review Progress On Export Readiness Support For Enterprises 

A delegation from the International Trade Centre met with the Trade Development Authority of Pakistan to review ongoing support for export-ready small and medium enterprises.

Topics

SECP Approves Reforms To Improve Pakistan Standing Under World Bank Business Ready Framework

SECP approves regulatory reforms targeting remaining gaps in Pakistan performance under the World Bank Business Ready assessment.

1LINK Introduces 1GO Raast P2M For Digital Payments Ecosystem

1LINK has launched 1GO Raast P2M, a platform connecting banks, businesses, and merchants to enable seamless digital payments and support Pakistan's shift toward a cashless economy.

JazzCash Opens AI Foundry And Usability Testing Lab In Islamabad Headquarters

JazzCash has launched an AI Foundry and a usability testing lab at its Islamabad headquarters as the consumer app marks ten years of operation.

EFU Hemayah Takaful Partners With IU CEIF On Islamic FinTech

EFU Hemayah Takaful has signed a memorandum of understanding with the IU Centre for Excellence in Islamic FinTech to advance industry-academia collaboration in Takaful and Islamic finance.

TDAP And ITC Review Progress On Export Readiness Support For Enterprises 

A delegation from the International Trade Centre met with the Trade Development Authority of Pakistan to review ongoing support for export-ready small and medium enterprises.

SBP Deputy Governor Calls For Stronger Collaboration Between Banks And Fintech Companies 

SBP Deputy Governor Muhammad Ali Khan has called for closer collaboration between banks and fintechs to build a trusted digital financial ecosystem in Pakistan.

ABHI Microfinance Bank Signs Agreement With SeedRise KP Startup Fund To Support Emerging Entrepreneurs

ABHI Microfinance Bank has signed a memorandum of understanding with SeedRise KP Fund to support emerging entrepreneurs and expand the startup ecosystem in Khyber Pakhtunkhwa.

1LINK Digital Payments Drive Growth in Government Collections Across Pakistan During 2025

1LINK processed Rs13.15 trillion in government payments during 2025, supporting digital tax, fee and revenue collections.
spot_img

Related Articles

Popular Categories