JazzCash Achieves Record Growth in Q1 2018
ISLAMABAD – Monday, 30 April, 2018: JazzCash, Jazz’s mobile financial product, has achieved record
growth in its Mobile Account customers during the 1st quarter of 2018. As per official figures, JazzCash
added half a million customers to its thirty day active base in record time of just 70 days, bringing the
total active user base to over 3.5 million customers – a large step towards its mission to introduce
formal financial services to the unbanked.
During the quarter, JazzCash observed a growth of over 100% in terms of Mobile Account transactions
versus the same quarter last year – over 90 million financial transactions performed. During the same
time, customer balances in Mobile Accounts also increased by over 100%.
“JazzCash being the leading Mobile Wallet provider in the country is determined to bring convenient,
safe and secure mobile financial services to Pakistan and our growth in this area during last quarter is a
testament to this commitment,” said Aniqa Afzal Sandhu, Chief Digital & Financial Services Officer at
Jazz.
JazzCash Mobile Account is an increasingly popular mobile financial service for the unbanked and under
banked segment providing various financial services such as Deposits, Savings, Money Transfer, Bill
Payments, Mobile Top-ups, Insurance, Retail and Online Payments, Debit Cards, Loans and payments for
vast number of services across the country.
Jazz or Warid customers can register for Mobile Account simply by dialing *786#, whereas other
network customers can register through biometric verification at any authorized agent. Customers are
offered the facility to deposit cash absolutely free of any charge or taxes at over 75,000 JazzCash Agents
across Pakistan and can immediately start performing transactions through their mobile phone.
