GlobeNewsWire
16 Jun 2026, 09:38 UTC · 3h ago
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VEON's JazzCash and Mobilink Bank have launched direct investment in Pakistan Government Treasury Bills via a smartphone app with entry points as low as PKR 5,000. — This significantly expands the domestic investor base for Pakistani sovereign debt, potentially lowering government borrowing costs by diversifying funding sources.
+0.40JazzCash aims to reach one million active investors through this initiative, leveraging its registered customer base of 60 million. — The scale of potential adoption suggests a meaningful increase in the monetization of VEON's digital financial services ecosystem.
+0.30Plans are already underway to extend digital access to longer-maturity Treasury Bills. — Extension to longer-dated securities would further stabilize government debt profiles by attracting long-term domestic retail capital.
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The company is expanding its digital financial services ecosystem in Pakistan by democratizing access to government treasury bills.
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