JazzWorld achieves a robust 23% growth in H1 2026, with revenue surpassing PKR 269 billion. Published by News Desk on August 3, 2026 ISLAMABAD - August 1, 2026: JazzWorld delivered strong growth in the first half of 2026, with total revenue increasing 23.0% year-on-year (YoY) to cross PKR 269 billion, driven by sustained growth across its telecommunications and infrastructure business, along with its expanding digital services portfolio. The company invested PKR 29.2 billion during the period to strengthen Pakistan's digital infrastructure and expand network capacity. During 2Q26, the revenue increased 25.3% YoY to PKR 139.4 billion, which reflects continued growth across connectivity and digital services. Telecommunications and infrastructure revenue grew 15.8% YoY to PKR 85.5 billion, supported by effective pricing, improved prepaid monetization, continued adoption of multiplay offers, higher data consumption and an expanding subscriber base. Digital revenue increased 44.1% YoY to PKR 53.9 billion, contributing 38.7% of total revenue, up from 33.6% a year earlier. Financial Services revenue grew 53.3% YoY to around PKR 39.0 billion, primarily driven by continued expansion in lending at JazzCash, complemented by growth across payments, merchant services, and SME solutions. EBITDA increased 30.5% YoY to PKR 60.3 billion, while EBITDA margin improved by 1.7 percentage points YoY to 43.3%, reflecting strong revenue growth, disciplined cost management and operating leverage. During the quarter, JazzWorld invested PKR 20.4 billion, up 27.4% YoY, primarily reflecting the start of Jazz's 5G rollout following its recent spectrum acquisition. Investment is expected to increase further during the year as the company deploys its newly acquired spectrum and expands 5G coverage and network capacity to support higher data usage and growing demand for digital connectivity. Complementing these investments, VEON announced in July the acquisition of a 76.33% stake in TPL Insurance for approximately USD 16.4 million, adding digital insurance to JazzWorld's financial services ecosystem and creating new opportunities to expand insurance access by combining TPL Insurance's underwriting capabilities with the scale of JazzCash and Mobilink Bank. Jazz continued to make progress on its DO1440 and AI1440 strategy. Its mobile subscriber base reached 75.4 million, while 4G users grew 6.6% YoY to 58.1 million, increasing 4G penetration to 77.1%. Mobile ARPU rose 14.0% YoY to PKR 328.6, supported by disciplined pricing and higher data usage, which increased 14.4% YoY to 8.2 GB per user. Multiplay customers reached 22.9 million, generating approximately 3.5 times the ARPU of voice-only users and continuing to drive adoption of integrated digital experiences. JazzCash continued to strengthen its leadership in Pakistan's digital financial services landscape, serving more than 60 million users. Its Gross Transaction Value (LTM) increased 67.5% YoY to PKR 19.6 trillion, while the platform issued more than 224,000 digital loans daily during the quarter. Its active merchants exceeded 735,000, supported by a network of more than one million Raast QR-enabled merchants. During the quarter, JazzCash and Mobilink Bank launched Treasury Bill investments through the JazzCash app, enabling eligible customers to invest in Pakistan government securities and broadening access to formal financial markets. JazzCash was also recognized among the World's Top Fintech Companies 2026 by CNBC and Statista in the Payments category. Across JazzWorld's digital ecosystem, Tamasha maintained approximately 70% market share during the Pakistan Super League season before closing the quarter with 38.7 million active users. SIMOSA, JazzWorld's digital self-care and lifestyle platform, reached 33.8 million active users and ROX crossed 3.3 million active users, while FikrFree reached 17.9 million policyholders, reflecting continued demand for JazzWorld's digital platforms throughout the quarter. Commenting on the results, Aamir Ibrahim, CEO of JazzWorld, said: "JazzWorld's strong performance in the first half of 2026 reflects its continued evolution into Pakistan's leading integrated digital ServiceCo. Our DO1440 and AI1440 strategy is shaping the next phase of JazzWorld's growth as we scale digital services, strengthen intelligent infrastructure, and deliver innovative solutions that expand access to connectivity, financial services, and digital experiences across Pakistan. As Pakistan's digital economy evolves, we remain committed to driving innovation, accelerating digital inclusion, and enabling a Better Life for All through technology." JazzWorld remains focused on expanding its integrated digital ecosystem through sustained investment in next-generation connectivity, AI-powered platforms and inclusive financial services. These investments will strengthen the country's digital infrastructure, broaden access to innovative digital solutions and further accelerate Pakistan's digital transformation while enabling a Better Life for All through technology.

JazzCash named among the World's Top Fintech Companies by CNBC and Statista. JazzCash is the first and only Pakistani fintech recognised in the Payments category Islamabad, 22 July 2026: JazzCash, Pakistan's leading digital financial services platform and a subsidiary of VEON Ltd. (Nasdaq: VEON), has been named among the World's Top Fintech Companies 2026 by CNBC and Statista, in the Payments category. Compiled by CNBC in partnership with Statista, the list recognises leading global fintech businesses based on performance metrics, growth indicators and sector-specific criteria. JazzCash serves more than 60 million customers and processed PKR 16.8 trillion (approximately USD 59.7 billion) in Gross Transaction Value during the 12 months ending March 2026. Its network of more than 1.7 million Raast enabled QR merchants extends digital payments to underserved individuals and communities, including those with limited access to traditional banking infrastructure. JazzCash also issues an average of more than 200,000 digital loans daily, giving individuals and small businesses convenient access to formal credit. Its wider portfolio spans payments, lending, insurance, remittances, savings and investment solutions. "This recognition by CNBC and Statista is an endorsement of the depth and breadth of JazzCash's impact in advancing financial inclusion and empowering millions of Pakistanis," said Murtaza Ali, CEO of JazzCash. "As Pakistan's digital economy evolves, we will deepen our investment in products, partnerships and infrastructure that expand access, strengthen financial resilience and accelerate the country's transition towards a cashless economy." About VEON VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital users. Operating across five countries that are home to more than 6% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on Nasdaq. For more information, visit: www.veon.com. 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 over 60 million customers across Pakistan, providing a broad portfolio of services including payments, lending, insurance, welfare disbursements, government-to-person payments and government-backed investment products. For more information, visit: www.jazzcash.com.pk. Contact Information JazzCash media contact Khayyam Siddiqi Head of Communications +923001115855 [email protected] Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Africa SMB Journal do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.