VEON's JazzCash and Mobilink Bank enable investment in Treasury Bills via the app, targeting one million investors in Pakistan.
Quiver AI Summary
VEON Ltd has announced a significant development in Pakistan's investment landscape by enabling users of its JazzCash app to invest in Government Treasury Bills starting from PKR 5,000 (about USD 18). This initiative, which aims to attract one million active investors, is a collaboration with the State Bank of Pakistan and the Ministry of Finance, making Treasury Bills accessible to JazzCash’s 60 million registered customers without the need for traditional banking channels. The move reflects a growing interest in investment among Pakistanis, particularly among younger generations, and positions JazzCash as a leading digital investment platform in an emerging market context. Key figures from VEON and the Pakistani government emphasized the importance of financial inclusion and expanding access to formal financial markets through such digital innovations.
Potential Positives
- VEON's JazzCash and Mobilink Bank initiative makes government treasury bills accessible to a wider audience in Pakistan, targeting one million active investors and thereby enhancing financial inclusion.
- The launch positions JazzCash as a significant player in the digital investment sector, capitalizing on its large user base of 60 million customers.
- This collaboration with the State Bank of Pakistan and the Ministry of Finance underscores VEON's commitment to supporting Pakistan’s economic growth and financial market development.
- The introduction of a government-backed investment product in a widely-used app demonstrates innovation in financial services, potentially attracting more users and increasing transaction volumes.
Potential Negatives
- The introduction of Government Treasury Bills through the JazzCash app may raise concerns regarding the security and regulatory compliance of the platform, leaving some investors wary about potential risks associated with digital investment products.
- The initiative may face skepticism from traditional financial institutions, which could impact VEON's relationship with banks and financial entities in Pakistan, potentially limiting collaboration opportunities in the future.
- While targeting one million active investors is ambitious, if this goal is not met, it may reflect negatively on VEON's execution abilities and market reach in Pakistan.
FAQ
What new investment opportunity has VEON introduced in Pakistan?
VEON has introduced Government Treasury Bills through the JazzCash app, allowing investments starting from PKR 5,000.
How can JazzCash customers invest in Treasury Bills?
JazzCash customers with a verified account and an active Mobilink Bank deposit account can invest directly through the app.
What is the aim of this investment initiative in Pakistan?
The initiative aims to democratize investment access and reach one million active investors in Pakistan.
How does this initiative benefit Pakistani investors?
It provides easy access to government securities, expanding participation in the formal financial market beyond traditional banking.
Who collaborated on this investment initiative?
The initiative was developed in collaboration with the Ministry of Finance and the State Bank of Pakistan.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 42 institutional investors add shares of $VEON stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VR ADVISORY SERVICES LTD added 293,481 shares (+293.0%) to their portfolio in Q1 2026, for an estimated $13,588,170
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- PICTET ASSET MANAGEMENT HOLDING SA removed 63,956 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $2,961,162
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- PANVIEW CAPITAL LTD added 42,685 shares (+8.3%) to their portfolio in Q1 2026, for an estimated $1,976,315
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$VEON Price Targets
Multiple analysts have issued price targets for $VEON recently. We have seen 2 analysts offer price targets for $VEON in the last 6 months, with a median target of $72.0.
Here are some recent targets:
- Tim Savageaux from Northland Capital Markets set a target price of $70.0 on 06/09/2026
- Max Findlay from Rothschild & Co set a target price of $74.0 on 04/16/2026
Full Release
Dubai, New York and Islamabad, June 16 2026 — VEON Ltd (Nasdaq: VEON), a global digital operator, today announced that its digital financial services companies JazzCash and Mobilink Bank have democratized investment opportunities in Pakistan by introducing Government Treasury Bills directly through the JazzCash app, starting from as little as PKR 5,000 (approx. USD 18). The initiative aims to reach one million active investors, working in coordination with the State Bank of Pakistan and the Ministry of Finance, Pakistan.
Government securities in Pakistan have traditionally been accessible only through banks and brokerages. Now, any eligible JazzCash customer with a verified account and an active Mobilink Bank deposit account can invest in 3-month Treasury Bills through a simple, secure journey built into an app they already use. JazzCash serves a registered customer base of 60 million and processed more than PKR 16.8 trillion in gross transaction value in the year to March 2026 (approx. USD 59.7 billion), making this one of the largest digitally enabled retail investment channels in any emerging market.
The launch comes as Pakistan's appetite for investment is growing. The Pakistan Stock Exchange reached 563,000 investors for the first time in May 2026, following strong recent Gen Z participation. Treasury Bills on JazzCash open that door to millions more, extending formal investment access well beyond the country's approximately 1.4 million existing public market participants across equities, mutual funds and commodities.
The product was developed in collaboration with the Ministry of Finance and the State Bank of Pakistan, with Mobilink Bank acting as the regulated custodian and trustee. Plans to extend access to longer-maturity Treasury Bills are already underway.
"Digital financial services are helping Pakistan's economy expand and diversify, bringing more people into the formal financial system and unlocking new opportunities for them to thrive. By making investing in government treasury bills more accessible, we are giving people across Pakistan real tools to create, build and protect their wealth. We are proud to be partnering with the government on this initiative to help democratize investment access for millions of Pakistanis," said Kaan Terzioglu, CEO of VEON .
Muhammad Aurangzeb, Federal Minister for Finance and Revenue, said , “Under the Prime Minister’s vision for an inclusive digital economy, the Government is working to deepen Pakistan’s financial markets, mobilize domestic savings and expand citizens’ participation in the formal economy. A stronger economy requires more Pakistanis to have access to regulated financial assets beyond conventional savings products. By enabling investment in Government securities, starting with Treasury Bills (T-Bills) through a trusted digital platform such as JazzCash, this initiative translates that broader vision into practical access for citizens while helping build a wider and more diversified domestic investor base.”
"Inclusion cannot stop at payments. It must also give people access to tools that help them save, invest and build financial resilience. With T-Bills on the JazzCash app, we are bringing a secure, government-backed investment product into an everyday digital wallet, allowing customers to participate in formal financial markets through a journey that is simple, and intuitive," added Murtaza Ali, CEO, JazzCash.
The launch was held at JazzCash headquarters in Islamabad today. Kaan Terzioglu, CEO of VEON, joined virtually, alongside Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue; Khurram Schehzad, Adviser to the Finance Minister; Omer M. Khan, Adviser on Debt Management, Finance Division; Muhammad Khaliq Zaman, Director Domestic Debt Management, Finance Division; Aamir Ibrahim, Chairman of JazzCash and Mobilink Bank; Murtaza Ali, CEO of JazzCash; and Haaris Mahmood Chaudhary, CEO of Mobilink Bank.
About VEON
VEON is a digital operator that provides connectivity to over 150 million customers and digital services to more than 205 million users. Operating across five countries that are home to more than 6% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. 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 and offering mobile wallet services in collaboration with Mobilink Microfinance Bank. It serves over 60 million customers across Pakistan, providing a broad portfolio of services including payments, lending, insurance, welfare disbursements, and government-to-person payments and government-backed investment products. For more information, please visit: www.jazzcash.com.pk
About Mobilink Microfinance Bank
Mobilink Microfinance Bank is Pakistan’s leading digital microfinance institution, committed to promoting financial inclusion through digital and branch-based banking services. The bank has been recognized for its institutional and digital capabilities, including being named Best Microfinance Bank at the Pakistan Banking Awards 2024 and winning the Best Digital Banking Services Award (Microfinance category) at the CFA Society Pakistan Annual Excellence Awards for three consecutive years. The Bank operates with a network of 114 branches. For more information, please visit:
https://mobilinkbank.com/
Forward-Looking Statements
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, including in relation to our strategy and product offerings.
Contact Information
VEON
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