JazzCash and KTrade have joined forces to democratize stock investments for millions in Pakistan. This groundbreaking partnership, formalized at Mobile World Congress, integrates KTrade’s platform directly into the JazzCash app, providing over 13 million active users with seamless access to the Pakistan Stock Exchange (PSX).
This collaboration addresses a significant gap in Pakistan’s financial landscape, where only a small fraction of the population actively invests in the stock market. By simplifying the process of opening a brokerage account, depositing funds, and trading stocks, JazzCash and KTrade are making investing more accessible and user-friendly.
Users can now open a Sahulat brokerage account within the JazzCash app, with funding limits up to PKR 1 million, as permitted by PSX. This integration allows for real-time stock trading, enabling users to buy and sell shares instantly, track market trends, and manage their investment portfolios. The platform also offers fractional shares, making high-value stocks more attainable for a wider audience.
To support new investors, the integrated platform provides a wealth of educational resources, including investment tutorials, research reports, and podcasts. Security is paramount, with all transactions regulated by the Securities and Exchange Commission of Pakistan (SECP), PSX, and NCCPL. Multi-Factor Authentication (MFA) and mapped bank accounts ensure secure trading.
Furthermore, users will receive personalized market alerts and AI-driven stock recommendations, keeping them informed about market changes and trends. This initiative aims to foster financial literacy and create a more inclusive investment ecosystem in Pakistan, leveraging digital adoption and regulatory support to unlock retail investment opportunities for the mass market. This partnership marks a pivotal moment in expanding financial inclusion and empowering Pakistanis to participate in the country’s economic growth.
