{"url":"https://newsforagent.com/news/2026-11-07/jazzcash-revenue-jump-q3-2026","markdown_url":"https://newsforagent.com/news/2026-11-07/jazzcash-revenue-jump-q3-2026.md","title":"JazzCash Revenue Jumps 67.6% to Rs43.4 Billion in Q3 2026","headline":"JazzCash Posts 67.6% Revenue Rise to Rs43.4 Billion as Digital Transactions and Lending Surge","description":"JazzCash revenue rose 67.6% to Rs43.4 billion in Q3 2026, with net profit of Rs6.8 billion as digital transactions, lending and merchant numbers climbed.","section":"Earnings & Results","published_at":"2026-11-07T02:17:38+00:00","modified_at":"2026-11-07T02:17:38+00:00","author":"News Desk","key_takeaways":["JazzCash and its financial services businesses reported a 67.6% year-on-year revenue increase to Rs43.4 billion in Q3 2026.","Net profit for the quarter reached Rs6.8 billion, while profit before tax rose 296.8% to Rs8.9 billion.","Active merchants reached 957,100, up 121.9% from 431,300 a year earlier, and the overall merchant base approached two million by September 2026."],"companies":[{"name":"JazzCash","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004eu9/jazzcash","website":"http://www.jazzcash.com.pk"},{"name":"Jazz","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0000214/jazz","website":"https://www.jazz.com.pk"},{"name":"United Bank Limited","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000cj37/united-bank-limited","website":"https://www.ubldigital.com"}],"source":{"publisher":"Business Recorder","title":"JazzCash records 67.6pc increase in revenue","url":"https://www.brecorder.com/news/40447860/jazzcash-records-676pc-increase-in-revenue"},"other_sources":[],"tags":["Earnings & Results","JazzCash","Jazz","United Bank Limited"],"body_markdown":"JazzCash and its associated financial services businesses reported a 67.6 percent year-on-year revenue increase to Rs43.4 billion in the third quarter ended September 30, 2026, with net profit of Rs6.8 billion. [Business Recorder](https://www.brecorder.com/news/40447860/jazzcash-records-676pc-increase-in-revenue) reported the figures from VEON's latest financial results.\n\n## JazzCash's Q3 Profit and Transaction Growth\n\nProfit before tax for the Pakistan financial services business, which comprises [JazzCash](https://akta.pro/company-profiles/0004eu9/jazzcash), Mobilink Microfinance Bank and JazzSure (formerly TPL Insurance), surged 296.8 percent to Rs8.9 billion. Gross transaction value reached Rs6.9 trillion, up 79.2 percent from Rs3.86 trillion in the same quarter last year.\n\nBranchless banking accounts increased 21.6 percent to 65 million, and customers active during the quarter rose 15.6 percent to 30.4 million. Transaction volumes grew 72.8 percent, and the average number of transactions per active customer rose 53.5 percent.\n\nPayments and transaction revenue increased 67.8 percent to Rs9.73 billion, credit-related revenue rose 60.3 percent to Rs26.1 billion, and investment income grew 62.6 percent to Rs5.24 billion. JazzCash issued more than 230,000 nano-loans daily during the quarter, and the gross loan portfolio rose 51.9 percent year-on-year to Rs134.6 billion, comprising Rs88.5 billion in conventional banking loans and Rs46.1 billion in nano-loans.\n\nOperating profit before loan-loss provisions increased 88.3 percent to Rs20 billion, while EBITDA surged 137.2 percent to Rs13.84 billion. Loan-loss provisions rose 33.2 percent to Rs11.2 billion. For the first nine months of 2026, revenue increased 58.4 percent to Rs116.2 billion and net profit surged 505.5 percent to Rs13.3 billion.\n\n## JazzCash's Merchant Network and Raast Onboarding\n\nAccording to akta.pro [company records](https://akta.pro/company-data), JazzCash onboarded its one millionth Raast QR-enabled merchant in March 2026, and the platform serves more than 60 million registered customers through an agent network of more than 300,000 locations. The company launched a Government Treasury Bills investment service through its app in June 2026 with a PKR 5,000 minimum, and a Yeylo Buy Now Pay Later service the same month with spending limits up to PKR 50,000.\n\n## JazzCash's Path to the Third Quarter\n\nJazzCash enabled Azad Jammu and Kashmir electricity bill payments through its app and agent network in October 2026, Propakistani reported. In September 2026, JazzCash disbursed PKR 10,000 to 100,000 beneficiaries across Punjab under the government's Maryam Ko Batayn programme, delivering PKR 1 billion via its agent network, Propakistani reported. The company also onboarded 1.7 million merchants onto Pakistan's Raast QR network by July, up from 900,000 in January, Business Recorder reported.\n\n## JazzWorld Spectrum and TPL Insurance Stake\n\nVEON's telecom subsidiary JazzWorld Pakistan Limited secured the largest allocation of 190 MHz spectrum in Pakistan's mobile spectrum auction held on March 10, 2026, for approximately USD240 million. The 15-year licence was recognised as an intangible asset at a discounted value of USD209 million. [Jazz](https://akta.pro/company-profiles/0000214/jazz) International Holding Limited completed the acquisition of a controlling 76.33 percent stake in TPL Insurance Limited on July 13, 2026, for a total consideration of USD16 million, after approval by the Competition Commission of Pakistan.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}