From Brecorder · Tahir Amin · · 1m 10s
JazzCash revenue jumps 67.6% in Q3
JazzCash's revenue surged 67.6% year-on-year to Rs43.4 billion as digital transactions and nano-loans expanded.
In brief
JazzCash's revenue surged 67.6% year-on-year to Rs43.4 billion as digital transactions and nano-loans expanded. JazzCash reported a 67.6% year-on-year revenue increase to Rs43.4 billion in Q3 2026, driven by digital transactions and nano-loans. Originally reported by Brecorder.
JazzCash revenue surge
JazzCash and its associated financial services businesses recorded a 67.6 percent year-on-year increase in revenue to Rs43.4 billion in the third quarter ended September 30, 2026.
Digital transactions grow
Digital transactions surged, lending expanded and VEON strengthened its presence in Pakistan’s telecom and financial services markets through a USD240 million spectrum acquisition and takeover of TPL Insurance.
Gross transaction value
The business generated a gross transaction value (GTV) of Rs6.9 trillion, up 79.2 percent from Rs3.86 trillion in the corresponding quarter last year.
Branchless banking growth
Branchless banking accounts increased 21.6 percent to 65 million, while customers active during the quarter rose 15.6 percent to 30.4 million.
Merchant network expansion
Active merchants reached 957,100, compared with 431,300 a year earlier, an increase of 121.9 percent.
Nano-loans drive growth
JazzCash issued more than 230,000 nano-loans daily during the quarter, with the gross loan portfolio increasing 51.9 percent year-on-year to Rs134.6 billion.
At a glance
JazzCash reported a 67.6% year-on-year revenue increase to Rs43.4 billion in Q3 2026, driven by digital transactions and nano-loans.
