JazzCash revenue rises 67.6% to Rs43.4bn in third quarter

Digital lending, a larger merchant network and a Rs6.8 billion quarterly net profit drove the growth in VEON's financial services arm in Pakistan.

Revenue rose 67.6% to Rs43.4 billion in the July to September quarter of 2026, according to VEON's latest results.

Net profit reached Rs6.8 billion for the quarter, and profit before tax rose 296.8% to Rs8.9 billion.

Active merchants climbed to 957,100 from 431,300 a year earlier, and 30.4 million customers were active in the quarter.

The gross loan portfolio grew 51.9% to Rs134.6 billion, and JazzCash issued more than 230,000 nano-loans a day.

JazzWorld Pakistan secured 190 MHz of spectrum for about USD240 million, and the group bought a 76.33% stake in TPL Insurance for USD16 million.

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