{"id":4736,"date":"2025-04-25T12:34:51","date_gmt":"2025-04-25T07:34:51","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4736"},"modified":"2025-04-25T12:34:51","modified_gmt":"2025-04-25T07:34:51","slug":"jazzcash-eyes-regional-expansion-in-gulf-region-for-seamless-remittance","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4736","title":{"rendered":"JazzCash Eyes Regional Expansion in Gulf Region for Seamless Remittance"},"content":{"rendered":"<p data-start=\"177\" data-end=\"399\"><strong>Source: <a href=\"https:\/\/www.brecorder.com\/news\/40359424\/jazzcash-plans-to-expand-its-regional-footprint\" rel=\"nofollow noopener\" target=\"_blank\">Business Recorder<\/a><\/strong><\/p>\n<p class=\"\" data-start=\"177\" data-end=\"399\"><strong data-start=\"177\" data-end=\"189\">KARACHI:<\/strong> <a href=\"https:\/\/www.jazzcash.com.pk\/\" rel=\"nofollow noopener\" target=\"_blank\">JazzCash<\/a>, Pakistan\u2019s leading digital financial services platform, has announced plans to expand its footprint in the Gulf region as part of its strategy to streamline cross-border payments for Pakistani users.<\/p>\n<p class=\"\" data-start=\"401\" data-end=\"868\">Speaking at <strong data-start=\"413\" data-end=\"432\">Money20\/20 Asia<\/strong>, Murtaza Ali, President of JazzCash, unveiled a strategic partnership with <strong data-start=\"508\" data-end=\"518\">du Pay<\/strong>, a UAE-based financial services provider. This collaboration enables seamless cross-border transactions through <strong data-start=\"631\" data-end=\"648\">Western Union<\/strong>, allowing Pakistani nationals residing in the UAE to send money directly into <strong data-start=\"727\" data-end=\"754\">JazzCash mobile wallets<\/strong>. The initiative aims to make remittances faster, more accessible, and more convenient for the Pakistani diaspora.<\/p>\n<p class=\"\" data-start=\"870\" data-end=\"1074\">\u201cAs we expand our regional footprint, our partnership with du Pay and Western Union is a key step towards making cross-border transactions smoother and more efficient for our customers,\u201d said Murtaza Ali.<\/p>\n<p class=\"\" data-start=\"1076\" data-end=\"1225\">During his address, Murtaza shared JazzCash\u2019s broader roadmap focused on innovation and inclusion. He highlighted key upcoming initiatives including:<\/p>\n<ul data-start=\"1227\" data-end=\"1534\">\n<li class=\"\" data-start=\"1227\" data-end=\"1299\">\n<p class=\"\" data-start=\"1229\" data-end=\"1299\"><strong data-start=\"1229\" data-end=\"1257\">Expansion into Insurtech<\/strong> to help bridge Pakistan\u2019s protection gap.<\/p>\n<\/li>\n<li class=\"\" data-start=\"1300\" data-end=\"1380\">\n<p class=\"\" data-start=\"1302\" data-end=\"1380\"><strong data-start=\"1302\" data-end=\"1329\">Asset fractionalization<\/strong> to allow users to own shares in high-value assets.<\/p>\n<\/li>\n<li class=\"\" data-start=\"1381\" data-end=\"1431\">\n<p class=\"\" data-start=\"1383\" data-end=\"1431\"><strong data-start=\"1383\" data-end=\"1418\">Democratizing stock investments<\/strong> and trading.<\/p>\n<\/li>\n<li class=\"\" data-start=\"1432\" data-end=\"1534\">\n<p class=\"\" data-start=\"1434\" data-end=\"1534\"><strong data-start=\"1434\" data-end=\"1471\">Growing the digital merchant base<\/strong>, with an emphasis on <strong data-start=\"1493\" data-end=\"1533\">women-led businesses and freelancers<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"1536\" data-end=\"1689\">\u201cFinancial technology is not just reshaping economies, it is transforming lives\u2014especially in underserved communities across emerging markets,\u201d he noted.<\/p>\n<p class=\"\" data-start=\"1691\" data-end=\"2043\">With more than <strong data-start=\"1706\" data-end=\"1741\">20 million monthly active users<\/strong>, JazzCash is playing a pivotal role in <a href=\"https:\/\/pkfin.kotenterprises.dev\/mastercard-collaborates-with-foodpanda-to-fuel-the-growth-of-pakistans-digital-economy\/\" target=\"_blank\" rel=\"nofollow noopener\">Pakistan\u2019s shift from a cash-based to a digital economy<\/a>. The platform boasts <strong data-start=\"1858\" data-end=\"1900\">Pakistan\u2019s largest QR payments network<\/strong> and holds the distinction of being the <strong data-start=\"1940\" data-end=\"1971\">largest digital loan issuer<\/strong> in the country, having disbursed <strong data-start=\"2005\" data-end=\"2034\">108 million <a href=\"https:\/\/pkfin.kotenterprises.dev\/easypaisa-revolutionizes-borrowing-with-easycash-digital-loan\/\" target=\"_blank\" rel=\"nofollow noopener\">digital loans<\/a><\/strong> to date.<\/p>\n<p class=\"\" data-start=\"2045\" data-end=\"2301\">In 2024 alone, JazzCash processed transaction values equivalent to <strong data-start=\"2112\" data-end=\"2136\">9% of Pakistan\u2019s GDP<\/strong>, and it accounts for nearly <strong data-start=\"2165\" data-end=\"2189\">50% of all RAAST IDs<\/strong>, the national instant payment system\u2014cementing its position as a cornerstone of Pakistan\u2019s financial ecosystem.<\/p>\n<p class=\"\" data-start=\"2303\" data-end=\"2560\">Murtaza also lauded the <strong data-start=\"2327\" data-end=\"2353\">State Bank of Pakistan<\/strong>, <strong data-start=\"2355\" data-end=\"2395\">Pakistan Telecommunication Authority<\/strong>, and the <strong data-start=\"2405\" data-end=\"2455\">Securities and Exchange Commission of Pakistan<\/strong> for fostering a regulatory environment that encourages innovation while safeguarding consumer interests.<\/p>\n<p class=\"\" data-start=\"2562\" data-end=\"2943\">He further highlighted the role of <strong data-start=\"2597\" data-end=\"2605\">VEON<\/strong>, the parent company of <a href=\"https:\/\/pkfin.kotenterprises.dev\/jazz-and-mobilink-microfinance-bank-join-forces\/\" target=\"_blank\" rel=\"nofollow noopener\">Jazz and Mobilink Microfinance Bank<\/a>, in accelerating financial inclusion across its markets. VEON\u2019s fintech operations, including JazzCash in Pakistan, Simply in Kazakhstan, and Beepul in Uzbekistan, collectively processed a gross transaction value of <strong data-start=\"2881\" data-end=\"2898\">$36.5 billion<\/strong> over the twelve months ending December 2024.<\/p>\n<p class=\"\" data-start=\"2945\" data-end=\"3095\">\u201cThe collaborative momentum within our ecosystem continues to empower millions and catalyze digital transformation across regions,\u201d Murtaza concluded.<\/p>\n<p class=\"\" data-start=\"3097\" data-end=\"3320\">The Money20\/20 Asia event drew over <strong data-start=\"3133\" data-end=\"3165\">3,000 senior decision-makers<\/strong> from global financial institutions, tech firms, and <a href=\"https:\/\/pkfin.kotenterprises.dev\/allied-bank-fintech-hackathon\/\" target=\"_blank\" rel=\"nofollow noopener\">fintech innovators<\/a>, underlining its status as a premier platform for the future of financial services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Business Recorder KARACHI: JazzCash, Pakistan&rsquo;s leading digital financial services platform, has announced plans to expand its footprint in the Gulf region as part of its strategy to streamline cross-border payments for Pakistani users. Speaking at Money20\/20 Asia, Murtaza Ali, President of JazzCash, unveiled a strategic partnership with du Pay, a UAE-based financial services provider. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Source: Business Recorder KARACHI: JazzCash, Pakistan\u2019s leading digital financial services platform, has announced plans to expand its footprint in the Gulf region as part of its strategy to streamline cross-border payments for Pakistani users. 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Speaking at Money20\/20 Asia, Murtaza Ali, President of JazzCash, unveiled a strategic partnership with du Pay, a UAE-based financial services provider."},"aioseo_meta_data":{"post_id":"4736","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2026-03-29 03:56:24","updated":"2026-03-29 03:56:24","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/pkfin.kotenterprises.dev\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/pkfin.kotenterprises.dev\/?cat=1193\" title=\"Fintech News\">Fintech News<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/pkfin.kotenterprises.dev\/?cat=2\" title=\"Fintech\">Fintech<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tJazzCash Eyes Regional Expansion in Gulf Region for Seamless Remittance\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/pkfin.kotenterprises.dev"},{"label":"Fintech News","link":"https:\/\/pkfin.kotenterprises.dev\/?cat=1193"},{"label":"Fintech","link":"https:\/\/pkfin.kotenterprises.dev\/?cat=2"},{"label":"JazzCash Eyes Regional Expansion in Gulf Region for Seamless Remittance","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4736"}],"_links":{"self":[{"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/posts\/4736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4736"}],"version-history":[{"count":2,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/posts\/4736\/revisions"}],"predecessor-version":[{"id":4739,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/posts\/4736\/revisions\/4739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=\/wp\/v2\/media\/4737"}],"wp:attachment":[{"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pkfin.kotenterprises.dev\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}