JazzCash Reaches One Million Merchants, Driving Cashless Pakistan
March 31, 2026ISLAMABAD – April 1, 2026: JazzWorld CEO Aamir Ibrahim, accompanied by VEON Group CEO Kaan Terzioğlu and senior leadership, called on Prime Minister Shehbaz Sharif to discuss Pakistan’s digital transformation, financial inclusion, and next-generation connectivity.
The leadership reiterated their continued commitment to Pakistan’s digital future, including a USD 1 billion investment over the next three years to spearhead 5G rollout, expand high-quality connectivity, and strengthen the country’s digital infrastructure. The investment reflects sustained confidence in Pakistan and aims to accelerate innovation, productivity, and inclusive economic growth.
Prime Minister Shehbaz Sharif appreciated JazzWorld and VEON’s long-term contributions to Pakistan’s digital ecosystem and welcomed continued investment to support the country’s connectivity and technology ambitions. He also acknowledged JazzCash’s leading role in digitizing the economy and advancing the cashless initiative.
JazzCash has become the first financial services provider to onboard one million Raast QR merchants, supporting the Prime Minister and State Bank of Pakistan’s cashless economy drive. The platform now hosts 24 million of the country’s 48 million Raast IDs and processes a significant share of Raast transaction volumes nationwide.
Discussions also covered strengthening public-private collaboration to accelerate digital payments adoption, expand broadband access, and leverage emerging technologies to drive economic opportunity and inclusion.
Aamir Ibrahim said, “Pakistan is entering a new phase of digital growth, and continued collaboration between government and industry will be key to unlocking its full potential. Our sustained investments in connectivity and digital platforms, including the USD 1 billion commitment to support 5G rollout, reflect our confidence in Pakistan and our purpose of enabling a Better Life for All.”
Kaan Terzioğlu highlighted VEON’s continued support for Pakistan’s digital ambitions, noting the ‘Invest in Pakistan NOW’ initiative, announced earlier this year and expected to bring international investors to participate in Pakistan’s digital growth. He said that sustained investment in connectivity and digital services, alongside efforts to attract global capital, will help accelerate adoption, strengthen competitiveness, and expand access to opportunity.
