New LaunchJun 16, 2026, 05:39 AM
VEON's JazzCash Launches T-Bills for PKR 5,000 Minimum
AI Summary
VEON Ltd. announced that its digital financial services companies, JazzCash and Mobilink Bank, have launched Government Treasury Bills directly through the JazzCash app in Pakistan. This initiative democratizes investment opportunities, allowing investments from as little as PKR 5,000 (approx. $18) and aims to reach one million active investors. JazzCash, with 60 million registered customers and PKR 16.8 trillion in gross transaction value, is partnering with the State Bank of Pakistan and the Ministry of Finance on this project.
Key Highlights
- JazzCash and Mobilink Bank introduce Government Treasury Bills via JazzCash app.
- Minimum investment for Treasury Bills is PKR 5,000 (approx. $18).
- Initiative aims to reach one million active investors in Pakistan.
- JazzCash serves 60 million registered customers.
- JazzCash processed over PKR 16.8 trillion (approx. $59.7 billion) in gross transaction value to March 2026.
- Product developed in collaboration with the Ministry of Finance and State Bank of Pakistan.
- Plans are underway to extend access to longer-maturity Treasury Bills.
Price Impact
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