JazzCash and Dgpays Join Forces to Enhance Marketplace Payments in Pakistan
25/10/2024
JazzCash and Dgpays Join Forces to Enhance Marketplace Payments in Pakistan Amsterdam and Dubai, 25 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announced that JazzCash, the financial services arm of Jazz, VEON's digital operator in Pakistan, has signed an agreement with Dgpays, a leading financial infrastructure technology provider in the EMEA region. This partnership will enable JazzCash to modernize its payment gateway for e-commerce transactions, enhancing transaction speed, security, fraud prevention capabilities, and the overall experience for both merchants and consumers across Pakistan.
Adoption of digital wallets is driving the growth in cashless payments in Pakistan. The number of digital wallet transactions surged 134% year-on-year to 269 million for the 12 months ended 30 June 2024, accounting for 87% of all online e-commerce payments . JazzCash, which currently serves over 1,700 e-commerce merchants across a wide array of sectors, has delivered accelerated growth as well, processing over 110 million transaction sin the first three quarters of 2024, an increase of 150% year-on-year.
Murtaza Ali, President of JazzCash, signed a partnership with Serkan Omerbeyoglu, CEO and Founder of Dgpays, to upgrade JazzCash's payment gateway in Dubai. The ceremony was also attended by VEON Group CEO Kaan Terzioglu, Jazz CEO Aamir Ibrahim, and their teams.
At JazzCash, we are dedicated to empowering businesses, from microentrepreneurs to startups and SMEs, with the financial tools they need to thrive in an increasingly digital economy. As Pakistan's e-commerce sector undergoes unprecedented growth, JazzCash is committed to providing secure, seamless, and swift payment solutions. Our new payment gateway will enable thousands of e-commerce merchants to accelerate their growth by streamlining transactions, simplifying checkout, and enhancing security, said Murtaza Ali, President of JazzCash.
We are pleased to partner with JazzCash to bring our advanced payment gateway solutions to Pakistans dynamic fintech market. At Dgpays, we focus on building innovative, scalable payment infrastructures that empower businesses to grow and customers to transact securely and seamlessly. By collaborating with JazzCash, we are enhancing digital payment capabilities and driving financial inclusion in a region poised for immense growth, said Serkan Omerbeyoglu, CEO and Founder of Dgpays.
The upgraded payment gateway will offer faster transactions, a comprehensive merchant management system, customizable checkout pages, and advanced fraud prevention tools. This partnership and technology upgrade aligns with JazzCash's broader mission to advance Pakistan's digital payment landscape. By empowering businesses with the latest payment technologies, JazzCash is driving financial inclusion, simplifying online payments, and continuing to lead the country toward a cashless society.
1 Data is sourced from the latest Payment Systems Review released by the State Bank of Pakistan, published in October 2024.
About JazzCash
JazzCash, Pakistan's leading fintech player, has over 44 million registered users, over 245,000 registered agents, and 350,000+ registered businesses. JazzCash offers a broad portfolio of financial services for customers, including payments, lending, insurance, government to public payments for various services. For more information, please visit: www.jazzcash.com.pk.
About Dgpays
Dgpays is an international B2B Fintech Platform as a Service company that works with banks, fintech companies, non-financial institutions, mobile network operators and government entities such as transportation authorities. Among Dgpays shareholders are EBRD - European Bank for Reconstruction and Development, Truffle Capital, Isbank, Dogus Group and Endeavor Catalyst Fund: www.dgpays.com.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext. For more information visit: www.veon.com
Disclaimer
This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON's strategy and investment plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Furthermore, elements of this release contain or may contain, inside information as defined under the Market Abuse Regulation (EU) No. 596/2014.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
MHP Group
Julian Tanner
julian.tanner@mhpgroup.com
LINK: | https://www.veon.com/newsroom/press-releases/jazzcash-and-dgpays-join-... |
See more stories from vimpel |
Europe Stories
09/12/2024
Dalet Named an IDC Innovator in Media and Entertainment
Dalet, a leading technology and service provider for media-rich organizations, today announced that it has been named an IDC Innovator in the IDC Innovators: ...
09/11/2024
Dalet Expands Leadership Team to Fuel Next Stage of Growth
Dalet, a leading technology and service provider for media-rich organizations, today announced three new members of its executive team. Tara Bryant joins as Chi...
30/10/2024
Drone detection just got a whole lot smarter with ARDRONIS Detect from Rohde & Schwarz
Drone detection just got a whole lot smarter with ARDRONIS Detect from Rohde & S...
26/10/2024
Kelsea Ballerini and Spotify Host Intimate Listening Party To Celebrate Her New Album, PATTERNS'
I love New York City, but I can't stay at the Carlyle anymore, sings Kelsea...
25/10/2024
How Matthew Belloni Preps for a Live Recording of His Hit Ringer Podcast, The Town'
Curious about what's going on behind the scenes in Hollywood? Odds are Matth...
25/10/2024
Brighter Eyes
Jenny Priestley talks to the BFI's Douglas Weir who oversaw the restoration of a much-loved animated classic, which returns to UK and Ireland cinemas today ...
25/10/2024
Canadian engineer Elias Ghannoum wins 2024 Lord Kelvin Award
The IEC has awarded its annual Lord Kelvin Award to the Canadian engineer, Elias Ghannoum. The award recognizes exceptional and long-term contributions to globa...
25/10/2024
Dolby and Jin from BTS Celebrate His New Single I'll Be There in Dolby Atmos
25 October 2024, 16:00 (PDT) Dolby and Jin from BTS Celebrate His New Single I'll Be There in Dolby Atmos Love Jin More In Dolby | #LoveMoreInDolby F...
25/10/2024
JazzCash and Dgpays Join Forces to Enhance Marketplace Payments in Pakistan
25 Oct 2024 JazzCash and Dgpays Join Forces to Enhance Marketplace Payments in Pakistan Amsterdam and Dubai, 25 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext...
25/10/2024
Monthly Rewind: Groundbreaking Colour Innovation, Unreal Engine, The Academy Museum, and more.
October has been a wicked month across Technicolor Group! So much so, we introdu...
24/10/2024
Give Yourself a Scare With These Suspenseful Audiobooks
Gather your tricks and treats because Halloween season is upon us. Spotify launched our first Spine-Chilling Audiobooks hub this month featuring the Fear Index...
24/10/2024
Technicolor in talks over sale'
According to a report, following a move towards growth, Technicolor has opened talks with potential buyers as shareholders are assessing its long-term future B...
24/10/2024
Meet the VP, business strategy and partnerships
Orfiums Mark Vermaat, VP business strategy and partnerships, tells TVBEurope why remaining curious and challenging the status quo is vital in a career in the me...
24/10/2024
VEON's Jazz Launches FikrFree: An AI-Powered Digital Marketplace to Unlock Affordable Insurance and Healthcare in Pakistan
24 Oct 2024 VEON's Jazz Launches FikrFree: An AI-Powered Digital Marketplac...
24/10/2024
Technicolor Group and UCL's Colour and Vision Research Laboratory Announce an Exciting Collaboration to Address Emerging Colour Display Issues
PARIS & LONDON - OCTOBER 24th, 2024 Technicolor Group, a world leader in visual...
24/10/2024
Sky Original film sets UK release of Nick Frosts horror comedy Get Away from XYZ Films
Sky Original film sets UK release of Nick Frosts horror comedy Get Away from XYZ...
24/10/2024
Sky and NOW Team Up with Dogs Trust to Launch Pop-Up Bonfire Night TV Channel for Anxious Pets
Sky and NOW Team Up with Dogs Trust to Launch Pop-Up Bonfire Night TV Channel fo...
24/10/2024
CODA Audio Does the Hustle with Romesh Ranganathan
Leading comedian, actor and presenter Romesh Ranganathan recently completed a series of seven stand-up shows in UK arenas as part of his Hustle world tour. Rang...
24/10/2024
kgs and Arvato Systems expand partnership
kgs and Arvato Systems expand partnership Neu-Isenburg/G tersloh - The partnership between IT service provider Arvato Systems and archiving specialist kgs, wh...
24/10/2024
RT publishes Register of External Activities for the second quarter of 2024
RT is today publishing a statistical summary from the Register of External Activities for the second quarter of 2024. The RT Register of External Activities ...
24/10/2024
Matt Lucas, Ardal O'Hanlon and Victoria Smurfit among guests on this Friday's Late Late Show Halloween Special
Here is your host, Patrick Kielty! It's almost Halloween and this week The ...
24/10/2024
Thales and the Max Planck Institute for Plasma Physics set a world record in the field of nuclear fusion
Facebook Twitter LinkedIn Developed in collaboration with the Max Planck I...
24/10/2024
Independent Midwest Broadcaster selects Rohde & Schwarz TE1 liquid-cooled transmitter to expand audience reach
Independent Midwest Broadcaster selects Rohde & Schwarz TE1 liquid-cooled transm...
23/10/2024
ST Engineering iDirect Selected for Phase Two of Indonesia's Satria-1 Satellite Network Expansion
Advanced, future-proof technology and rapid deployment builds on Phase One's...
23/10/2024
How to stay on budget and increase ROI with IP video distribution
Cost-efficiency and ROI are front of mind for media business and technology leaders across Europe - LTN shares insight and case studies on cost-effective growth...
23/10/2024
Starz shines light on English-to-Spanish captioning with help from Interra Systems
The company is employing the newest version of BATON Captions from Interra to de...
23/10/2024
Innovation through experimentation: IBC launches 2025 Accelerator programme
Mark Smith, head of the Accelerator programme, tells TVBEurope it is about understanding what challenges technology buyers want to solve, and what is coming nex...
23/10/2024
Fox Corporation's President of Advertising Sales Jeff Collins Announces Strategic Realignment of Team
Fox Corporation's President of Advertising Sales Jeff Collins Announces Stra...
23/10/2024
Press Release: Cartesian Supports Redge Technologies in Aligning Their Redge Media Platform with Best Security Standards
Press Release: Cartesian Supports Redge Technologies in Aligning Their Redge Med...
23/10/2024
2024-10-23
Lionel Messi makes his historic MLS Cup Playoffs debut this Friday, October 25, as the playoffs return to MLS Season Pass on Apple TV for a free primetime match...
23/10/2024
Kenneth Branagh Theatre Company's Production of King Lear Takes the Stage in Dolby Atmos at The Shed's Griffin Theate...
23 October 2024, 05:30 (PDT) Kenneth Branagh Theatre Company's Production o...
23/10/2024
Thales reports its order intake and sales as of September 30, 2024
Facebook Twitter LinkedIn Order intake: 15.6 billion, up 23% on an organic basis1 ( 26% total change) Sales: 14.1 billion, up 6.2% on an organic basis ...
22/10/2024
Take Your Spotify Playlists to the Next Level With Custom Cover Art
At Spotify, we know our users like to flex their creativity. We've seen this come to life across the more than 8 billion playlists listeners have created to...
22/10/2024
Spotify NextGen Spelman College Partnership With Podcast Studio Opening
In 2022, Spotify's partnership with Spelman College took flight as part of our NextGen audio program that aims to infuse, activate, and grow podcast culture...
22/10/2024
Comercio TV Chooses Broadpeak to Optimize OTT Video Delivery and Monetization
October 22, 2024 Comercio TV Chooses Broadpeak to Optimize OTT Video Delivery and Monetization CESSON-SEVIGNE, France - Oct. 22, 2024 - Broadpeak , a leadi...
22/10/2024
Broadcast Solutions aims to drive innovation with new CTO Office
The CTO Office has been tasked with the gradual introduction and integration of new technologies to improve the efficiency, reach and quality of media productio...
22/10/2024
FIRST LOOK images released for upcoming Mark Gatiss drama Bookish on Alibi
UKTV today releases a selection of first look images for the upcoming U&Original series, Bookish (6x60') on specialist crime drama channel, Alibi. The brand...
22/10/2024
FilmLight Colour Awards: George Miller on Colour
The FilmLight Colour Awards 2024 jury recently gathered ahead of casting their final votes for this year's nominees. During the discussion, George Miller, 2...
22/10/2024
Maddie + Triggs begins Monday 21st October
Brand new series Maddie Triggs premieres on Monday 21st October at 11.10am on RT jr. 15 episodes will drop on RT Player at the same time. The series follows ...
21/10/2024
Vanessa Walmsley new CCO at Vizrt
The appointment aims to further align the companys commercial teams, delivering greater value to customers, end users and partners, said Vizrt By Matthew Corri...
21/10/2024
Nasdaq Confirms VEON's Full Compliance Following its 2023 20-F Filing
21 Oct 2024 Nasdaq Confirms VEON's Full Compliance Following its 2023 20-F Filing Amsterdam and Dubai, 21 October 2024: VEON Ltd. (Nasdaq: VEON; Euronext A...
21/10/2024
VEON Commences its Delisting from Euronext Amsterdam to Consolidate its Trading on Nasdaq in New York
21 Oct 2024 VEON Commences its Delisting from Euronext Amsterdam to Consolidate...
21/10/2024
VEON Welcomes Letter from its Shareholder Shah Capital, Reiterates Commitment to Shareholder Value Creation
21 Oct 2024 VEON Welcomes Letter from its Shareholder Shah Capital, Reiterates ...
21/10/2024
Rohde & Schwarz supplies communications and radar electronic support measures for the German Navy
Rohde & Schwarz supplies communications and radar electronic support measures fo...
21/10/2024
Fox Corporation Executives to Discuss First Quarter Fiscal 2025 Financial Results Via Webcast
Fox Corporation Executives to Discuss First Quarter Fiscal 2025 Financial Result...
21/10/2024
Comscore partners with IAMAI for India's comprehensive CTV Study to deliver industry-wide insights
Comscore partners with IAMAI for India's comprehensive CTV Study to deliver ...
21/10/2024
AI-driven Attacks Targeting Retailers Ahead of the Holiday Shopping Season
Facebook Twitter LinkedIn Imperva, a Thales company, the cybersecurity leader that protects critical applications, APIs, and data, anywhere at scale, warn...