JazzCash has reportedly closed more than 100 aggregator accounts following directives from the Federal Investigation Agency (FIA), according to sources familiar with the matter. The move comes as Pakistani authorities increase scrutiny of digital payment channels linked to suspected illegal financial activities.

The accounts were reportedly shut down directly in response to FIA notices. Other accounts were flagged and suspended by JazzCash during an internal review of its aggregator network.

Sources said the affected accounts were generating significant revenue for the company. Their closure could therefore affect JazzCash’s earnings in the coming year, particularly because transactions connected to aggregators made up a notable share of the platform’s overall transaction activity.

JazzCash Shuts Down 100+ Aggregator Accounts Following FIA Directives

The development follows a similar disruption involving Easypaisa. Earlier this month, transactions processed through Easypaisa’s merchant and payment intermediary channels faced delays at several payment firms. Companies including Simpaisa, ajarPay, RapidPay, Zero Technologies and Finza Tech, along with international payment processor dLocal, reported settlement-related issues.

Despite those problems, Easypaisa’s regular wallet services and person-to-person transfers continued to operate.

FIA Investigation Into Illegal Financial Networks

The recent actions are linked to a wider investigation by law enforcement agencies into the alleged use of mobile wallets, bank accounts and cryptocurrency channels for illegal online gambling and digital hawala activities.

In September 2026, the FIA investigated eight suspects allegedly connected with six gambling platforms. During the investigation, authorities traced transactions worth around Rs119.93 billion, equivalent to approximately $433.5 million.

Investigators also found that about Rs8.586 billion had moved through nearly 10.5 million transactions involving just five branchless banking collection accounts.

These findings have increased pressure on financial technology companies and payment service providers to strengthen monitoring of transactions passing through their platforms.

SBP Tightens Rules for Payment Intermediaries

The crackdown also comes after the State Bank of Pakistan introduced a stricter regulatory framework for payment intermediaries and aggregators in May 2026.

The framework includes stronger requirements for documentation, foreign exchange compliance and monitoring of financial flows. These measures aim to improve transparency and help prevent payment systems from being misused for illegal activities.

The Pakistan Telecommunication Authority has also taken action against illegal digital platforms. The regulator recently blocked 46 illegal gambling and unregulated trading applications in Pakistan. Authorities have also arrested several individuals accused of promoting illegal gambling activities.

Wider Impact on the Fintech Sector

The latest developments indicate that regulators are paying closer attention to aggregator accounts and other intermediaries within Pakistan’s digital payments ecosystem.

For JazzCash, closing the accounts could result in lower transaction volumes and reduced revenue from aggregator-related business. However, the measures also reflect growing efforts by authorities to prevent mobile wallets and payment networks from being used to move illicit funds.

The recent Easypaisa payment delays and JazzCash account closures could also lead to increased scrutiny of other mobile wallet providers. Fintech companies may face greater pressure to strengthen customer verification, transaction monitoring, and compliance systems as investigations continue.