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 the same period last year. We thank our customers for their trust in using the 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 months 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 the 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 to the financial needs of our customers by offering a 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, the addition of new use cases like instant loans, more payment 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.