Core Insights - VEON Ltd.'s digital financial services platform, JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, highlighting its significant role in the financial services ecosystem [1][4] Company Overview - JazzCash is recognized for its innovative digital lending feature, ReadyCash, which provides instant credit to individuals and micro-entrepreneurs, disbursing an average of 140,000 digital loans daily, making it the largest digital lender in Pakistan [2][3] - The platform serves 54 million customers and offers a wide range of financial services, including payments, lending, insurance, and government disbursements [6] Industry Impact - The award underscores JazzCash's contribution to financial inclusion in Pakistan, aligning with the National Financial Inclusion Strategy aimed at increasing formal financial access to 75% of the population by 2028 [3] - JazzCash's recognition at Money20/20 USA positions Pakistan's digital financial ecosystem on the global map of lending innovation, competing with major global players like J.P. Morgan Payments and Revolut [4][5]

Core Insights - VEON Ltd. inaugurated the JazzCash Experience Lounge in Islamabad, Pakistan, aimed at promoting digital financial services [1][3] - JazzCash, with 53 million customers, is the leading digital financial services provider in Pakistan, processing transactions equivalent to approximately 9% of the country's GDP in 2024 [2][5] - The Experience Lounge serves as a demonstration hub for digital payment systems, showcasing various technologies and payment methods to enhance financial inclusion [4][5] Company Overview - VEON operates across five countries, serving over 150 million connectivity customers and approximately 120 million monthly active digital users [7] - JazzCash operates under a Branchless Banking charter, offering a wide range of financial services including payments, lending, and insurance [8] Industry Impact - JazzCash's extensive network includes nearly 600,000 merchants and 300,000 agents, facilitating financial access and supporting small-scale commerce [2][4] - The platform disburses over 140,000 digital loans daily to micro-entrepreneurs, contributing to inclusive economic growth [2] - VEON's digital financial services platforms processed approximately US$43.6 billion in total transaction value over the last twelve months, highlighting their economic impact in frontier markets [5]

Core Insights - Trident Digital Tech Holdings Ltd. is implementing a nationwide digital identification system, DRC Pass, in partnership with the Democratic Republic of Congo, aimed at enhancing financial inclusion and public service delivery for over 110 million citizens [2][3][4] - The DRC Pass system is recognized as Africa's most ambitious Web 3.0 digital identity deployment, focusing on biometric-blockchain SIM card registration, single-sign-on access, digital payments, and centralized digital identity credentials [4][6] - The phased deployment of DRC Pass is underway, supported by a public education campaign to ensure widespread adoption [7] Company Overview - Trident is a leading catalyst for digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform designed for secure single-sign-on authentication [8] - The company aims to become a global leader in Web 3.0 enablement, focusing on Southern Africa and other high-growth markets [8] Strategic Importance - Minister Grace Fu highlighted the strategic importance of Singapore-Africa partnerships in driving digital transformation, encouraging businesses to explore new markets and contribute to Africa's growth [6]