VEON's JazzCash and Mobilink Bank Bring Government Treasury Bills to Smartphones, Democratising Investment for Millions of Pakistanis

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.

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