Jazz Cash Achieves Record Growth in Q1 2018
JazzCash, Jazz’s mobile financial product, has achieved record growth in itsMobile Accountcustomersduring the 1st quarter of 2018. As per official figures, JazzCash added half a million customers to its thirty day active base in record time of just 70 days, bringing the total active user base to over 3.5 million customers – a large step towards its mission to introduce formal financial services to the unbanked.
During the quarter, JazzCash observed a growth of over 100% in terms ofMobile Account transactions versus the same quarter last year – over 90 million financial transactions performed. During the same time, customer balances in Mobile Accounts also increased by over 100%.
“JazzCash being the leading Mobile Wallet provider in the country is determined to bring convenient, safe and secure mobile financial services to Pakistan and our growth in this area during last quarter is a testament to this commitment,” said Aniqa Afzal Sandhu, Chief Digital & Financial Services Officer at Jazz.
JazzCash Mobile Account is an increasingly popular mobile financial service for the unbanked and under banked segment providing various financial services such as Deposits, Savings, Money Transfer, Bill Payments, Mobile Top-ups, Insurance, Retail and Online Payments, Debit Cards, Loans and payments for vast number of services across the country.
Jazz or Warid customers can register for Mobile Account simply by dialing *786#, whereas other network customers can register through biometric verification at any authorized agent. Customers are offered the facility to deposit cash absolutely free of any charge or taxes at over 75,000 JazzCash Agents across Pakistan and can immediately start performing transactions through their mobile phone.