Latest news with #JazzCash
Business Recorder
3 days ago
- Business
- Business Recorder
JazzCash, EFU Life launch fully digital insurance service
ISLAMABAD: JazzCash, Pakistan's leading digital wallet, and EFU Life, one of the country's premier life and health insurers, have partnered to launch a first-of-its-kind, end-to-end digital insurance journey set to reshape the way millions of Pakistanis access insurance. This strategic collaboration aims to simplify and digitize the entire insurance value chain from instant policy subscription to seamless servicing and claims, making insurance more accessible, transparent, and user-friendly than ever before. From instant policy subscription via multiple digital touch points, to seamless customer servicing and 24-hour claim settlement, the entire process is being reimagined with speed, transparency, and accessibility at its core. The partnership is rooted in an omni-channel approach, ensuring customers can engage across app, call centre, web, or even WhatsApp anytime, anywhere. The experience will be further enriched with value-added features such as health advisory; wellness benefits, and digital claim tracking, all bundled within affordable plans. Speaking at the ceremony, Murtaza Ali, president of JazzCash, commented: 'With insurance penetration at just 0.87 per cent in Pakistan, there's a clear gap in both access and awareness. Through this partnership with EFU Life, we're using technology to close that gap, delivering affordable coverage at scale and enabling millions to safeguard their futures with insurance that is tailored to their needs.' Mohammed Ali Ahmed, CEO of EFU Life, added to this: 'This launch marks a major step forward in EFU Life's mission to democratize insurance access in Pakistan. For too long, protection products have been seen as complex, slow, and out of reach for many. By combining our product innovation and underwriting expertise with JazzCash's unmatched digital reach, we are creating an experience that is fast, fair, and frictionless. This is more than just a digital channel, it's a transformation of the entire insurance journey, enabling us to serve customers with the speed, trust, and convenience they deserve. Our focus remains on delivering solutions that truly meet the needs of people, wherever they are, and this collaboration is a strong testament to that commitment.' By combining JazzCash's national scale of over 20 million active users and EFU Life's product and actuarial expertise, this collaboration is poised to deliver transformative impact across Pakistan. From urban centres to remote communities, it opens the door to secure, digital-first protection for underserved populations who have long been excluded from traditional insurance channels. Copyright Business Recorder, 2025
Business Recorder
08-08-2025
- Business
- Business Recorder
Jazz invests over Rs25.5bn in infrastructure expansion
KARACHI: With an investment of PKR 25.5 billion, Jazz has reported a strong growth of 17.7 percent in the first half of 2025, underscoring its commitment to driving Pakistan's digital transformation. The investment focuses on expanding 4G coverage, scaling digital platforms, and accelerating financial inclusion, ensuring that millions of Pakistanis benefit from affordable, high-quality digital services. Jazz delivered another strong quarter, with 2Q25 revenue up 15.3 percent year-on-year in local currency, driven by resilient telecom operations and 35.7 percent digital revenue growth, which contributed 28.1 percent of total revenue versus 23.9 percent last year. EBITDA rose 5.4 percent with a 41.6 percent margin, underscoring Jazz's shift to a Service Co, while capex of PKR 16 billion highlighted its commitment to strengthening Pakistan's digital infrastructure. With over 21 million monthly active users, Pakistan's leading digital financial service JazzCash processed a gross transaction value of PKR 11.7 trillion during the last twelve months as of Q2 2025. Its extensive network comprising 367,000 active merchants and nearly 107,000 active agents has facilitated considerable digitalization of society, with over 140,000 digital loans issued daily. Commenting on the financial results, Aamir Ibrahim, CEO of Jazz said that second quarter results reflect not only strong financial performance but also our commitment to Pakistan's digital future. 'In the first half of the year, we accelerated investments in 4G, digital platforms, and financial inclusion, while optimizing our portfolio through initiatives like the Deodar transaction. These steps are laying the foundation for a more inclusive and future-ready economy, where connectivity and capability work together to improve the lives of millions of Pakistanis,' he added. During the quarter, Jazz's total subscribers reached 73.9 million, including 54.6 million 4G users, up 15.3 percent year-on-year, with 4G penetration rising to 73.9 percent. VoLTE users reached 32 million, while VoWiFi daily active users stood at 5.22 million, enabling seamless, high-quality calling even without cellular coverage. Copyright Business Recorder, 2025
Express Tribune
05-08-2025
- Express Tribune
Zakat handouts bring relief to Pindi households
Up to 10,000 deserving Zakat beneficiaries across the Rawalpindi district received on Tuesday the financial assistance of Rs24,000, inclusive of arrears, per family after a lapse of 19 months or so. The District Zakat Council has disbursed financial aid to widows, low-income households, and individuals living below the poverty line. In addition, Eid gifts for both Eidul Fitr and Eidul Azha were distributed alongside the cash assistance. On Tuesday, the full amount was transferred via JazzCash to all eligible recipients, including widowed women. Furthermore, the fines of ordinary prisoners at Adiala Jail — those who have completed their sentences but remain incarcerated due to an inability to pay their fines — are also scheduled to be paid today (Wednesday). Jail authorities have been requested to provide a list of such individuals. The cost of JazzCash transactions has been covered by the District Zakat Council, ensuring that each recipient receives the full sum of Rs24,000 in cash. While the majority of beneficiaries have begun receiving their payments, minor delays of a few hours may occur due to network congestion and technical glitches. The Council, however, expects all disbursements to be completed by Wednesday (today). Numerous beneficiaries have already confirmed receipt of the funds. The District Zakat Officer has advised that any eligible person who doesn't receive the payment within the next 15 hours may approach the Council office for assistance. Funds for dowry support and scholarships for deserving students — both male and female — are expected to be released next month, with the application review process already underway. Addressing the inaugural ceremony, the Provincial Parliamentary Secretary for the Zakat Council, MPA Malik Iftikhar, announced that this year the Council would also cover fines — up to Rs50,000 — for eligible prisoners who have served their sentences but remain in custody solely due to unpaid fines. "This initiative has already commenced in Adiala Jail, as well as in the Attock, Jhelum, and Chakwal district jails," he said, and clarified that this financial relief would not be extended to habitual offenders or individuals convicted of murder, robbery, or terrorism-related offences.
Hans India
01-08-2025
- Entertainment
- Hans India
PAK Game Pakistan New platfrom
In the heart of Pakistan's digital entertainment revolution, Pak Game has emerged as a highly engaging and strategy-based mobile platform. This game isn't just another ordinary pastime—it blends excitement, critical thinking, and real-time interaction, offering players a unique experience based on predicting and trading colors. With its growing popularity in regions like Punjab, Sindh, and Khyber Pakhtunkhwa, Pak Game is transforming how users interact with mobile games in 2025. What is Pak Game? Pak Game is a digital color prediction and trading platform where users select from a range of colors in timed rounds. Each round lasts for a few seconds to a minute, and the outcome is determined randomly through an algorithm. The main objective of the player is to predict which color will be shown in the next round. If the player's prediction is correct, they earn points or rewards, which can be used to participate in future games or converted into in-game benefits. Key Features of Pak Game 1. Color Prediction Mechanics The core mechanic of the game revolves around choosing a color—typically from options like Red, Green, Blue, or sometimes combinations. These choices are made before a countdown timer ends. Once the time is up, the result is shown, and those who chose the correct color win the round. 2. Time-Based Rounds Each round runs on a clock—often 60 seconds. This short duration adds a layer of intensity and excitement. Players must make decisions quickly, increasing the engagement level of the game. 3. User-Friendly Interface Pak Game apps are designed for all types of users, from beginners to seasoned players. The layout is simple, often showing the color history, live timer, current round status, and reward table. Even those unfamiliar with mobile strategy games can learn the basics within minutes. How to Play Pak Game Getting started with Pak Game is simple. Here's a quick guide: 1. Download the App: Users can find Pak Game on several third-party app stores or dedicated websites. The app is lightweight and installs quickly. 2. Sign Up: Register using your phone number or email. Some platforms may require OTP (One-Time Password) verification. 3. Add Points: To enter rounds, players usually add points to their in-game wallet using payment methods like Easypaisa or JazzCash. 4. Choose a Color: In every round, you'll choose from available color options before the timer ends. 6. Wait for Result: After the countdown, the system displays the result. Earn and Reinvest: If your prediction is correct, your rewards are credited instantly. Safety and Fair Play Pak Game uses secure servers and automated algorithms to ensure fair results. The outcomes are generated randomly to maintain transparency and unpredictability. Reputable platforms also provide round history logs so players can verify outcomes over time. Additionally, platforms include age verification and usage limits to promote responsible play. These measures help ensure the game remains a source of fun rather than obsession. Why Pak Game is So Popular in Pakistan Pak Game has gained widespread traction across all age groups, especially among young adults. There are several reasons behind this success: 1. Cultural Relevance The game aligns with Pakistan's interest in color-based traditional games like Ludo and Tambola. The concept of anticipating results based on chance and pattern is already familiar to many. 2. Low Data Usage Unlike large mobile games, Pak Game doesn't require heavy downloads or constant high-speed internet. It runs smoothly even on 3G networks, making it accessible in both rural and urban areas. 3. Easy to Learn, Hard to Master The simplicity of selecting colors is deceptive. With practice, players start analyzing color trends, previous round results, and timers. This adds a layer of strategy that makes the game both fun and intellectually stimulating. 4. Mobile-First Design Pak Game is optimized for smartphones, which are the primary internet access devices for most Pakistanis. The touch controls, responsive interface, and quick loading times make it ideal for users on the go. 5. Community and Competition Pak Game often includes features like leaderboards, daily challenges, and community events. This sense of competition encourages repeated play and allows users to track their progress. Responsible Play and Entertainment While Pak Game is exciting and engaging, it's important for players to approach it with a mindset of entertainment and strategy. Time management, goal setting, and responsible usage are crucial for maintaining a healthy balance. Many platforms now include features like session reminders, daily time limits, and educational popups encouraging breaks after extended play. Educational and Cognitive Benefits Though simple in design, Pak Game can improve various cognitive skills: Decision Making: Players must act quickly within a limited time frame. Pattern Recognition: Observing previous round outcomes helps users form hypotheses about future results. Focus and Attention: Timed rounds demand high concentration. Stress Management: Players learn to cope with outcomes calmly and keep their focus on long-term patterns. Future of Pak Game As technology evolves, Pak Game is expected to introduce new features such as: AI-Driven Analytics: Suggestions based on player behavior. Multiplayer Modes: Compete with friends in real-time. Augmented Reality (AR): A more immersive visual experience. Localization: Regional language support like Urdu, Punjabi, Sindhi, and Pashto for wider reach. Additionally, upcoming versions may integrate skill-based elements, trivia questions, or mini-games to diversify the user experience. Final Thoughts Pak Game represents a modern fusion of tradition, technology, and strategic entertainment. It stands out in Pakistan's growing app ecosystem by offering a fresh and fast-paced experience that appeals to users of all ages. With responsible usage and strategic thinking, Pak Game is not just a way to pass time—it's a dynamic, fun, and community-driven platform that's here to stay.
Business Recorder
31-07-2025
- Business
- Business Recorder
Financing a women-led future
In a development with far-reaching implications for Pakistan, the State Bank of Pakistan has officially adopted the Women Entrepreneurs (WE) Finance Code, an Asian Development Bank (ADB) initiative aimed at closing the gender financing gap. Backed by a USD 500 million financing commitment to the Government of Pakistan, this move holds immense potential to transform the country's economic trajectory by enabling women-led businesses to scale sustainably. The gender finance gap in Pakistan is structural and continues to hamper equitable economic progress. Despite making up nearly half the population, only 14 percent of women have access to formal financial services. Many operate in informal sectors, unbanked and unsupported, with limited protection or opportunity. Conventional lending systems, reliant on collateral, have long ignored the realities of small, often home-based, women-run businesses. A study by PIDE highlights that up to 78 percent of female employment lies in the informal sector. And while women represent around 8 percent of Pakistan's MSMEs, they receive less than 5 percent of formal credit. Yet data, both global and our own, proves what we at Mobilink Bank have always known: women are responsible borrowers. Women-led MSMEs in our portfolio show lower default rates and higher digital engagement, making a strong case for mainstreaming gender finance. Fintech is part of the solution. Platforms like JazzCash are helping bridge the gap, but the digital divide remains real. Women in Pakistan are 38 percent less likely to own a smartphone, a gap rooted in affordability, access, and deep-seated social norms. That directly limits access to digital wallets, mobile banking, and tools that could bring financial inclusion to their fingertips. Still, these challenges are not insurmountable. With community-based, data-driven approaches, we've seen how empathy and innovation unlock extraordinary potential. Mobilink Bank has financed over 79,000 women-led businesses and digitally onboarded thousands more through user-friendly solutions tailored for their needs. But scaling access isn't enough; we must also invest in transformation. That's why we are focusing on building financial literacy and entrepreneurial capability. So far, over 25,000 women across Pakistan have received financial literacy training through Mobilink Bank. We've also launched Pakistan's first women-centric incubator within the microfinance industry to nurture scalable, formal women-led enterprises, marking a critical move toward systemic change. The programme's first cohort graduated 13 high-potential women-led startups, with the second cohort ongoing, incubating 20+ entrepreneurial ventures. Together with JazzCash, we're building both digital and physical pathways to inclusion. Women comprise 32 percent of our 52 million customers, nearly 25 percent of our 8 million active borrowers, and 10 percent of our 400,000+ merchants. We're proud that 25 percent of our 150,000 daily nano-loans serve women customers, showcasing real impact, at scale. It won't be fair to evaluate microfinance solely through the lens of profitability, as its true success lies in its impact on social indicators. For instance, in Pakistan 60 percent of all agricultural lending is facilitated by the microfinance sector, and nearly half of all mortgages in the country are underwritten by it. Through widespread digitization and nano-lending, the industry has created sustainable socioeconomic value. This is despite the fact that our industry is not only significantly younger but also individually smaller than any of the top five banks. Mobilink Bank leads the microfinance industry, holding over 17 percent of total assets and net advances in the sector, valued at Rs. 183 billion and Rs. 79 billion, respectively. We look forward to carrying this momentum onto our engagement with We Finance Code, which offers a strategic framework for Pakistan's financial transformation. It is an opportunity not only to align with global best practices, but also to institutionalize long-overdue change. We must also elevate the narrative. National campaigns spotlighting successful women entrepreneurs, demystifying finance, and challenging prevailing stereotypes are vital to inspiring the next generation of female founders. Copyright Business Recorder, 2025
