JazzCash has closed more than 100 aggregator accounts following notices from the Federal Investigation Agency (FIA), TechJuice has learned from exclusive sources. These accounts were shut down directly in response to FIA directives, while the rest were flagged and suspended as part of an internal review.
Sources familiar with the matter say these aggregator accounts were generating significant revenue. Their closure is expected to impact JazzCash’s earnings in the coming year, as aggregator-linked transactions formed a substantial part of the platform’s transaction volume.
The move comes just days after Easypaisa faced a similar disruption. As TechJuice reported on October 5, transactions processed through Easypaisa’s merchant and payment intermediary channels experienced delays across six firms. Simpaisa, ajarPay, RapidPay, Zero Technologies, Finza Tech, etc., and international processor dLocal all reported settlement issues. However, Easypaisa’s routine wallet services and person-to-person transfers remained functional throughout.
Both disruptions trace back to the same root cause. FIA investigations have targeted the alleged use of mobile wallets, bank accounts, and cryptocurrency channels in illegal online gambling and digital hawala networks. In September 2026, the agency probed eight suspects linked to six gambling platforms after tracing PKR 119.93 billion ($433.5 million) in transactions. Investigators found that PKR 8.586 billion moved through approximately 10.5 million transactions across five branchless collection accounts alone.
The regulatory pressure extends beyond law enforcement. The State Bank of Pakistan introduced a new framework in May 2026 that imposes stricter documentation, foreign exchange compliance, and financial flow monitoring requirements on payment intermediaries and aggregators.
Meanwhile, the PTA banned 46 illegal gambling and unregulated trading apps from the country, and authorities arrested several high-profile individuals connected to illegal gambling promotion.
Together, these actions signal a broader crackdown on how aggregator accounts operate within Pakistan’s mobile wallet ecosystem. For JazzCash, the immediate cost is clear: lost transaction volume and reduced aggregator revenue. But for the wider fintech sector, the Easypaisa delays and JazzCash closures suggest that regulators and law enforcement now treat mobile wallet intermediaries as a frontline in combating illicit financial flows.
The question now is whether other mobile wallet providers will face similar scrutiny in the coming weeks.
