VEON Inaugurates JazzCash Experience Lounge in Islamabad
VEON Ltd. (Nasdaq: VEON) has inaugurated the JazzCash Experience Lounge in Islamabad, Pakistan, showcasing its digital financial services platform. JazzCash, Pakistan's leading DFS provider with 53 million customers, processed transactions equivalent to 9% of Pakistan's GDP in 2024.
The platform operates through a network of 600,000 merchants and 300,000 agents, facilitating 140,000 digital loans daily to micro-entrepreneurs. The Experience Lounge demonstrates various payment technologies, including QR code transactions, Tap Pay, and innovative solutions like facial recognition payments and palm verification.
As of Q2 2025, VEON's DFS platforms serve 40.7 million monthly active users across markets, processing approximately US$43.6 billion in total transaction value over the last twelve months.
VEON Ltd. (Nasdaq: VEON) ha inaugurato il JazzCash Experience Lounge a Islamabad, in Pakistan, per mettere in mostra la sua piattaforma di servizi finanziari digitali. JazzCash, il fornitore DFS leader in Pakistan con 53 milioni di clienti, ha gestito transazioni pari a 9% del PIL del Pakistan nel 2024.
La piattaforma opera attraverso una rete di 600.000 commercianti e 300.000 agenti, facilitando 140.000 prestiti digitali al giorno per micro-imprenditori. L'Experience Lounge presenta diverse tecnologie di pagamento, tra cui transazioni tramite codice QR, Tap Pay e soluzioni innovative come pagamenti con riconoscimento facciale e verifica del palmo della mano.
Alla fine del secondo trimestre 2025, le piattaforme DFS di VEON servono 40,7 milioni di utenti attivi mensili sui vari mercati, con un volume totale di transazioni di circa US$43,6 miliardi nell'ultimo dodici mesi.
VEON Ltd. (Nasdaq: VEON) ha inaugurado el JazzCash Experience Lounge en Islamabad, Pakistán, para mostrar su plataforma de servicios financieros digitales. JazzCash, el principal proveedor de DFS de Pakistán con 53 millones de clientes, procesó transacciones equivalentes al 9% del PIB de Pakistán en 2024.
La plataforma opera a través de una red de 600,000 comercios y 300,000 agentes, facilitando 140,000 préstamos digitales diarios a microempresarios. El Experience Lounge demuestra diversas tecnologías de pago, incluidas transacciones con código QR, Tap Pay y soluciones innovadoras como pagos por reconocimiento facial y verificación de palma.
Al cierre del segundo trimestre de 2025, las plataformas DFS de VEON atienden a 40,7 millones de usuarios activos mensuales en los distintos mercados, procesando aproximadamente US$43,6 mil millones en valor de transacciones de los últimos doce meses.
VEON Ltd. (나스닥: VEON) 은 파키스탄 이슬라마바드에서 JazzCash Experience Lounge를 개관하여 자사의 디지털 금융 서비스 플랫폼을 선보였습니다. 파키스탄의 선두 DFS 제공업체인 JazzCash는 5300만 명의 고객을 보유하고 있으며, 2024년에 9%의 GDP에 해당하는 거래를 처리했습니다.
이 플랫폼은 60만 명의 가맹점과 30만 명의 에이전트 네트워크를 통해 마이크로기업가에게 매일 140,000건의 디지털 대출을 지원합니다. Experience Lounge은 QR코드 결제, Tap Pay, 얼굴 인식 결제, 손바닥 인증 등과 같은 혁신적인 결제 기술을 선보입니다.
2025년 2분기 기준 VEON의 DFS 플랫폼은 시장 전반에 걸쳐 매월 활성 사용자 4,070만 명을 확보하고 있으며, 지난 12개월 동안 총 거래 가치는 약 436억 달러에 이릅니다.
VEON Ltd. (Nasdaq: VEON) a inauguré le JazzCash Experience Lounge à Islamabad, au Pakistan, pour présenter sa plateforme de services financiers numériques. JazzCash, premier fournisseur DFS du Pakistan avec 53 millions de clients, a traité des transactions équivalant à 9 % du PIB du Pakistan en 2024.
La plateforme opère via un réseau de 600 000 marchands et 300 000 agents, facilitant 140 000 prêts numériques par jour pour les micro-entrepreneurs. L'Experience Lounge met en évidence diverses technologies de paiement, notamment les transactions par code QR, Tap Pay et des solutions innovantes telles que les paiements par reconnaissance faciale et la vérification de la paume.
Au deuxième trimestre 2025, les plateformes DFS de VEON desservent 40,7 millions d'utilisateurs actifs mensuels sur les marchés, avec une valeur totale des transactions d'environ 43,6 milliards de dollars américains sur les douze derniers mois.
VEON Ltd. (Nasdaq: VEON) hat in Islamabad, Pakistan, das JazzCash Experience Lounge eröffnet, um seine Plattform für digitale Finanzdienstleistungen zu präsentieren. JazzCash, der führende DFS-Anbieter Pakistans mit 53 Millionen Kunden, verarbeitete Transaktionen im Jahr 2024 in Höhe von 9 % des BIP Pakistans.
Die Plattform betreibt ein Netzwerk aus 600.000 Händlern und 300.000 Agenten, das täglich 140.000 digitale Kredite an Mikrounternehmer vermittelt. Das Experience Lounge demonstriert verschiedene Zahlungstechnologien, darunter QR-Code-Transaktionen, Tap Pay und innovative Lösungen wie Zahlungen per Gesichtserkennung und Handflächen-Verifikation.
Stand Q2 2025 bedienen VEONs DFS-Plattformen 40,7 Millionen monatlich aktive Nutzer in den Märkten und verzeichnen ein Gesamttransaktionsvolumen von etwa 43,6 Milliarden US-Dollar in den letzten zwölf Monaten.
VEON Ltd. (ناسداك: VEON) افتتحت JazzCash Experience Lounge في إسلام آباد، باكستان، لعرض منصتها الرقمية للخدمات المالية. JazzCash، المزود الرائد لخدمات DFS في باكستان مع 53 مليون عميل، عالجت معاملات تبلغ قيمتها 9% من الناتج المحلي الإجمالي لباكستان في عام 2024.
تعمل المنصة عبر شبكة من 600,000 تاجر و300,000 وكيل، تسهل 140,000 قرض رقمي يوميًا لرواد الأعمال الصغار. يعرض Experience Lounge تقنيات دفع متنوعة، بما في ذلك المعاملات عبر رمز الاستجابة السريع، Tap Pay، وحلول مبتكرة مثل الدفع ببصمة الوجه والتحقق من كف اليد.
اعتبارًا من الربع الثاني من 2025، تخدم منصات DFS التابعة لـ VEON 40.7 مليون مستخدم نشط شهريًا عبر الأسواق، مع قيمة معاملات إجمالية تقارب US$43.6 مليار خلال الاثني عشر شهرًا الأخيرة.
VEON Ltd. (纳斯达克：VEON) 在巴基斯坦伊斯兰堡揭幕 JazzCash 体验走廊，展示其数字金融服务平台。JazzCash 是巴基斯坦领先的 DFS 提供商，拥有 5300 万名客户，在 2024 年处理的交易相当于 巴基斯坦 GDP 的 9%。
该平台通过一个拥有 60 万商户和 30 万代理人 的网络运作，每日为微型企业家提供 14 万笔数字贷款。体验走廊展示多种支付技术，包括二维码交易、Tap Pay，以及面部识别支付和掌纹验证等创新解决方案。
截至 2025 年第二季度，VEON 的 DFS 平台在各市场的 月活跃用户达到 4070 万，过去 12 个月的总交易额约为 436 亿美元。
- JazzCash processes transactions equivalent to 9% of Pakistan's GDP
- Extensive network of 600,000 merchants and 300,000 agents ensures broad market reach
- Platform facilitates 140,000 digital loans daily to micro-entrepreneurs
- Strong user base of 53 million customers in Pakistan
- None.
Insights
VEON's JazzCash platform processes 9% of Pakistan's GDP through its 53M customers, showcasing significant digital financial market penetration.
The inauguration of JazzCash's Experience Lounge represents more than just a showcase facility – it highlights VEON's substantial digital financial presence in Pakistan. With 53 million customers, JazzCash has established itself as Pakistan's leading digital financial services provider, processing transactions equivalent to approximately 9% of Pakistan's GDP – a remarkable scale that demonstrates the platform's critical role in the country's financial ecosystem.
The platform's infrastructure is impressive: nearly 600,000 merchants and 300,000 agents create a robust network that significantly contributes to Pakistan's financial inclusion efforts. JazzCash's daily disbursement of 140,000 digital loans to micro-entrepreneurs directly supports grassroots economic activity and provides critical liquidity to small businesses that traditional banking often overlooks.
VEON's broader digital financial services strategy shows substantial traction across its markets. The company reports 40.7 million monthly active users across its DFS platforms, with a total transaction value of approximately
The Experience Lounge itself serves as a demonstration of VEON's payment technologies, including QR-based transactions, Tap Pay, and soundbox-enabled devices, along with next-generation innovations like facial recognition payments. This facility appears strategically designed to strengthen relationships with regulators and policymakers – critical partnerships for expanding fintech operations in regulated markets.
This development aligns with Pakistan's national Cashless Economy initiative, potentially positioning VEON to benefit from favorable regulatory conditions and government support as the country pursues greater financial digitalization.
Dubai and Islamabad, September 18, 2025 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” and together with its subsidiaries, the “Group”), today announce the inauguration of the experience lounge of JazzCash, its digital financial services platform in Pakistan. Governor State Bank of Pakistan (SBP) Jameel Ahmad; Deputy Governor SBP Saleem Ullah; VEON Group CEO Kaan Terzioglu; and JazzCash CEO Murtaza Ali inaugurated the Experience Lounge in Islamabad, Pakistan today. On this occasion, Jazz CEO and Chairman Mobilink Microfinance Bank Aamir Ibrahim; and Mobilink Microfinance Bank CEO Haaris Mahmood Chaudhary were also present.
With 53 million customers, JazzCash is Pakistan’s leading digital financial services (DFS) provider, empowering underserved communities—particularly women, entrepreneurs, and rural populations—to participate in the digital economy and drive inclusive growth. In 2024, JazzCash processed transactions equivalent to approximately
Governor State Bank of Pakistan, Jameel Ahmad, welcomed the launch of the JazzCash Experience Lounge, noting that it would “serve as a valuable platform to demonstrate how digital payment systems can broaden financial access and build public trust. It offers a glimpse into the future of Pakistan’s digitally driven cashless economy as envisioned by our government under the stewardship of Prime Minister Shehbaz Sharif.”
“Digital financial services transform informal economic activities into seamless, convenient and tax-compliant transactions that underpin not only convenience of the user but also the economic stability and growth of the nation,” said Kaan Terzioglu, VEON Group CEO. “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 in financial services and reaffirm our dedication to supporting it through continued investment and innovation.”
Aamir Ibrahim, CEO of Jazz and VEON Group Executive Committee Member, added:
“As part of the Pakistan Prime Minister’s Cashless Economy initiative, JazzCash is honored to contribute to the key national goal of driving growth through digital financial inclusion. The transition to a cashless economy is vital for Pakistan’s economic growth, transparency, and global competitiveness. We look forward to collaborating with all stakeholders to accelerate digital adoption and ensure the benefits of technology reach every corner of the country.”
The JazzCash Experience Lounge is an interactive demonstration hub, highlighting how digital financial services are enabling Pakistan’s transition to a cashless economy. The facility showcases everyday payment journeys across fuel stations, retail shops, and neighborhood vendors, allowing visitors to experience JazzCash’s consumer, retailer, and merchant app interfaces, as well as QR code–based transactions, Tap Pay, and soundbox-enabled devices. It also houses innovative next-generation technologies such as facial recognition payments, palm verification, wearables, and digital tags.
As of 2Q 2025, VEON’s DFS platforms serve 40.7 million monthly active users, underscoring both rapid adoption and their contribution to the digital economies of their respective markets. JazzCash and Mobilink Microfinance Bank in Pakistan, Beepul in Uzbekistan, and Simply in Kazakhstan – play a critical role in expanding the benefits of digital financial inclusion to millions. Over the last twelve months, these platforms processed an equivalent of approximately US
Earlier this week, VEON also joined Money20/20 Middle East in Riyadh where Lasha Tabidze, Group Chief Digital Operations Officer, and Aamir Aftab, JazzCash Chief Product Officer, discussed how innovation and technology how digital financial services empower customers, businesses and governments alike in VEON markets.
About VEON
VEON is a digital operator that provides services to over 150 million connectivity customers and approximately 120 million monthly active digital users. Operating across five countries that are home to more than
About JazzCash
JazzCash is Pakistan’s leading digital financial services platform, operating under a Branchless Banking charter and offering mobile wallet services in collaboration with Mobilink Microfinance Bank. It serves 53 million customers, offering a broad portfolio of financial services for customers, including payments, lending, insurance, welfare disbursements, government to public payments for various services. For more information, please visit: www.jazzcash.com.pk.
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s strategy and investment plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
Hande Asik
Group Director of Communications and Strategy
pr@veon.com
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FAQ
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