{"id":6422,"date":"2026-01-01T10:56:45","date_gmt":"2026-01-01T05:56:45","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=6422"},"modified":"2026-01-01T11:02:25","modified_gmt":"2026-01-01T06:02:25","slug":"jazzcash-crosses-57-million-customers-as-digital-payments-gain-momentum-in-pakistan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=6422","title":{"rendered":"JazzCash Crosses 57 Million Customers as Digital Payments Gain Momentum in Pakistan"},"content":{"rendered":"

ISLAMABAD: JazzCash<\/a> has crossed 57 million customers, underscoring the rapid adoption of digital payments in Pakistan as the government accelerates its push toward a cashless economy.<\/p>\n

The digital financial services platform said its expanding merchant ecosystem, now comprising more than 850,000 Raast-enabled QR merchants, has emerged as a key enabler of the Prime Minister\u2019s cashless economy initiative by bringing interoperable digital payments to small retailers and micro-businesses across the country.<\/p>\n

JazzCash processed gross transaction value of more than PKR 15 trillion during the year, reflecting rising consumer and merchant preference for mobile wallet-based transactions over cash.<\/p>\n

Pakistan\u2019s central bank has reported that growth in retail payment transactions is being driven largely by mobile app-based payments and instant transfers, creating momentum for large-scale platforms operating at a national level.<\/p>\n

JazzCash\u2019s QR-based merchant acceptance network has played a critical role in translating policy initiatives such as Raast Person-to-Merchant payments into everyday usage, allowing customers to make instant, low-cost payments at neighbourhood stores without cash or cards.<\/p>\n

Beyond in-store payments, the platform processed PKR 527 billion through its payment gateway, supporting the continued growth of e-commerce and digital business payments, while PKR 138 billion in international remittances flowed through its regulated channels, contributing to efforts to formalise cross-border inflows.<\/p>\n

The company said it also supported government-led digitisation of social protection, disbursing more than PKR 100 billion in welfare payments digitally, improving transparency and speed of delivery to beneficiaries.<\/p>\n

Digital financial products expanded alongside payments. JazzCash issued more than 200,000 digital loans on average per day in the fourth quarter of 2025, targeting the short-term liquidity needs of consumers and micro-entrepreneurs, while facilitating the issuance of approximately 750,000 insurance policies daily, helping broaden access to basic coverage.<\/p>\n

\u201cThe prime minister\u2019s cashless economy initiative is a game changer for Pakistan\u2019s economic transformation,\u201d said Aamir Ibrahim, Chairman of JazzCash International.<\/p>\n

Source: Business Recorder<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: JazzCash has crossed 57 million customers, underscoring the rapid adoption of digital payments in Pakistan as the government accelerates its push toward a cashless economy. The digital financial services platform said its expanding merchant ecosystem, now comprising more than 850,000 Raast-enabled QR merchants, has emerged as a key enabler of the Prime Minister’s cashless […]<\/p>\n","protected":false},"author":1,"featured_media":6423,"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\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t