VEON showcases digital financial services at JazzCash Experience lounge
VEON Ltd. (Nasdaq: VEON), a global digital operator, has inaugurated the JazzCash Experience Lounge in Islamabad, showcasing its digital financial services (DFS) platform in Pakistan. The launch was attended by Governor State Bank of Pakistan (SBP) Jameel Ahmad, Deputy Governor SBP Saleem Ullah, VEON Group CEO Kaan Terzioglu, JazzCash CEO Murtaza Ali, and senior executives from Mobilink Microfinance Bank.
With 53 million customers, JazzCash
is Pakistan’s leading DFS provider, focusing on financial inclusion for
underserved communities, including women, entrepreneurs, and rural populations.
In 2024, JazzCash processed transactions equivalent to nearly 9% of Pakistan’s
GDP and disbursed over 140,000 digital loans daily to micro-entrepreneurs. Its
network of nearly 600,000 merchants and 300,000 agents enables broad market
access and supports the documentation of economic activity.
Read More VEON
commits $15 million to Mobilink Bank to drive digital transformation
Governor SBP Jameel Ahmad said the lounge “serves as a valuable platform to demonstrate how digital payment systems can broaden financial access and build public trust,” noting its role in advancing Pakistan’s vision for a cashless economy under Prime Minister Shehbaz Sharif.
VEON Group CEO Kaan Terzioglu
emphasized the transformative role of digital financial services, stating, “Our
JazzCash Experience Lounge provides policymakers, regulators, and partners with
a tangible view of how technology is transforming commerce and livelihoods. We
commend the Government of Pakistan for prioritizing the digitalization agenda
and reaffirm our commitment to continued investment and innovation.”
Jazz CEO Aamir Ibrahim highlighted
JazzCash’s contribution to the Prime Minister’s Cashless Economy initiative,
calling the transition “vital for Pakistan’s economic growth, transparency, and
global competitiveness.” He added that the bank aims to accelerate digital
adoption and extend its benefits nationwide.
The JazzCash Experience Lounge
offers an interactive demonstration of digital payment journeys, including
retail, fuel stations, and neighborhood vendors. Visitors can explore consumer,
retailer, and merchant apps, as well as QR code transactions, Tap Pay,
soundbox-enabled devices, facial recognition payments, wearables, and digital
tags.
Read More Mobilink
Microfinance Bank and Avanza to develop banking portal
As of the second quarter of 2025, VEON’s DFS platforms serve 40.7 million monthly active users across Pakistan, Uzbekistan, and Kazakhstan, processing approximately US$43.6 billion in transactions over the past year. This underscores the platforms’ contribution to expanding digital financial inclusion and formalizing economic flows in frontier markets.
Earlier this week, VEON also
participated in Money20/20 Middle East in Riyadh, where executives discussed
how digital financial services empower customers, businesses, and governments
across VEON markets.
Source: https://www.veon.com/