Jazz invests Rs9.54 billion in 4G, digital services

KARACHI: Jazz invested Rs9.54 billion on 4G and digital services during the third quarter of 2021. Its 4G user base reached 33.8 million, a Jazz official said.

The population coverage of Jazz’s 4G network crossed 65 per cent, while its total customer base grew 11.2 per cent on a year-on-year basis to reach 71.4 million.

Aamir Ibrahim, CEO of Jazz, said: “We are constantly delivering on our “4G for all” ambition to support a robust and inclusive digital ecosystem. The rise in the adoption of digital tools is quite encouraging, including the consistent growth of JazzCash as Pakistan’s leading fintech.”

“Jazz remains firm in its commitment to connect the underserved with the fast and reliable 4G and to bank the under-banked through JazzCash,” he added.

Digital services were another key area of growth with JazzCash reaching 13.9 million monthly active users and recorded a rise in the total number of registered wallets to 35.4 million.

JazzCash’s retail presence reached over 92,000 active agents and more than 89,000 active merchants by the end of the third quarter.

Jazz’s self-care app, Jazz World’s monthly active user base grew 40.6 per cent on a year-on-year basis to reach 9.4 million.

Other streaming and entertainment platforms such as Jazz TV, Bajao, Jazz Cricket and Deikho, saw further growth; usage time of these platforms increased by an average of 75.4 per cent on a year-on-year basis.