Pakistan’s No. 1 and Fastest Growing Mobile Account Crosses 9 Million Monthly Active Users

By Team BitBol,

 JazzCash, Pakistan’s number 1 mobile account, is now serving
more than nine million monthly active users. This is the fastest 1 Million monthly active customers
addition that JazzCash has witnessed so far.
JazzCash is now processing over PKR 7 billion worth of transactions on a daily basis experiencing YTD
growth of 50% in the number of transactions and 60% growth in value as compared to same period
last year. We thank our customers for their trust in using JazzCash mobile account which has
resulted in this growth during a year affected by a global pandemic. JazzCash has become the
preferred platform for digital financial services, spearheading our journey to increase nationwide
financial inclusion in Pakistan.
With more than 8 million downloads, JazzCash smartphone application users have grown by 88% in
the last 9 months. This growth has been resulted due to stronger engagement with the customers
and providing seamless user experience of digital financial services. JazzCash has continued focus on
innovation and creating solutions for untapped potential segments, with the launch of remittance
services for freelancers, we have onboarded more than 100,000 freelancers, who have processed
payments worth over PKR. 2 billion so far. JazzCash has played a vital role in digitizing government
collections for many services. In just 5 month of integration with ePay Punjab, JazzCash has
processed more than 700,000 transactions worth more than PKR. 800 Million in value, making it the
largest digital tax collection platform for Government of Punjab.
JazzCash is aggressively working to increase digital payments acceptance in Pakistan and has
extended its services to over 45,000 merchants operating throughout the country, including both
retail merchants who can accept payments through JazzCash QR, and online merchants who can opt
for payment gateway solution to accept payments from their customers. Our utmost priority is to
cater the financial needs of our customers by offering host of services from traffic challan payments,
tickets, school fee payments, utility bills, digital loans etc.
“At a time when cashless payments are vital for individuals, businesses, and society at large, over
nine million people in Pakistan now rely on JazzCash every month. We are looking to sustain and
even accelerate this growth momentum by onboarding more partners, from corporations to small
merchants, addition of new use cases like instant loans, more payments options and constant
improvement to the existing products. Our aim is to empower our customers and deliver a more
convenient and efficient cashless experience for the people of Pakistan ” said JazzCash CEO Erwan
Gelebart.

About Ali Raza

Tech Enthusiast

Leave a Reply

Your email address will not be published. Required fields are marked *