Dubai, New York, and Islamabad, June 16, 2026 — VEON Ltd (Nasdaq: VEON), a global digital operator, has announced a significant move toward financial inclusion in Pakistan. Its digital financial services arms, JazzCash and Mobilink Bank, are now offering Government Treasury Bills directly through the JazzCash app. With a minimum investment threshold of just PKR 5,000 (approximately USD 18), the initiative aims to attract one million active investors in coordination with the Ministry of Finance and the State Bank of Pakistan.
Historically, government securities in Pakistan were accessible primarily through traditional brokerages and banks. Now, any verified JazzCash user with an active Mobilink Bank deposit account can invest in 3-month Treasury Bills through a streamlined, secure mobile experience. With a registered user base of 60 million and a gross transaction value exceeding PKR 16.8 trillion (approx. USD 59.7 billion) for the year ending March 2026, JazzCash is positioned to become one of the largest digitally enabled retail investment channels in any emerging market.
This launch coincides with a surge in investment interest across Pakistan. In May 2026, the Pakistan Stock Exchange hit a record 563,000 investors, driven largely by Gen Z participation. The introduction of Treasury Bills via JazzCash expands this reach significantly, offering formal investment opportunities to millions who are outside the current pool of 1.4 million public market participants in equities, commodities, and mutual funds.
Developed in partnership with the State Bank of Pakistan and the Ministry of Finance, the product utilizes Mobilink Bank as the regulated trustee and custodian. The companies have already begun planning the introduction of longer-maturity Treasury Bills.
“Digital financial services are diversifying Pakistan’s economy, bringing more citizens into the formal financial system and unlocking opportunities for growth,” said Kaan Terzioglu, CEO of VEON. “By making government treasury bills accessible, we are providing people across the country with the tools to build and protect their wealth. We are proud to partner with the government to democratize investment access for millions.”
Muhammad Aurangzeb, Federal Minister for Finance and Revenue, added: “Under the Prime Minister’s vision for an inclusive digital economy, we are working to deepen financial markets and mobilize domestic savings. A resilient economy requires citizens to have access to regulated financial assets beyond basic savings. Enabling T-Bills through a trusted platform like JazzCash translates this vision into practical access while building a more diversified domestic investor base.”
“Financial inclusion must extend beyond simple payments; it must provide tools for saving and building long-term resilience,” said Murtaza Ali, CEO of JazzCash. “By integrating secure, government-backed investment products into an everyday digital wallet, we are making the journey into formal financial markets simple and intuitive.”
The official launch took place at the JazzCash headquarters in Islamabad. Attendees included VEON CEO Kaan Terzioglu (virtually), Senator Muhammad Aurangzeb, and other senior officials from the Finance Division, along with the leadership of JazzCash and Mobilink Bank.
About VEON
VEON is a global digital operator providing connectivity to over 150 million customers and digital services to more than 205 million users across five countries. Listed on NASDAQ, VEON leverages technology to empower individuals and drive economic growth. For more information, visit: https://www.veon.com.
About JazzCash
JazzCash is Pakistan’s leading digital financial services platform. Operating under a Branchless Banking charter in collaboration with Mobilink Microfinance Bank, it serves over 60 million customers with a portfolio including payments, lending, insurance, and government-backed investment products. For more information, visit: www.jazzcash.com.pk
About Mobilink Microfinance Bank
Mobilink Microfinance Bank is a premier digital microfinance institution in Pakistan focused on financial inclusion. Recognized as the Best Microfinance Bank at the Pakistan Banking Awards 2024, the bank operates a network of 114 branches and is a leader in digital banking services.
Also Read
- Stanford Graduates Stage Walkout During Pichai’s Commencement Address Over Google Defense Contracts
- Premarket Stock Highlights: SpaceX Surges, Huntsman Falls, and Other Notable Moves
- Qatar’s Emir applauds Iran agreement and highlights expanding US trade ties after Trump meeting
- Analyzing the Top Publicly Traded Pet Insurance Stocks
