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JazzCash, formerly known as MobiCash, is a Pakistani mobile wallet, mobile payments, and branchless banking services provider. It was launched in November 2012 as MobiCash by Mobilink (now Jazz) in partnership with their subsidiary bank Mobilink Microfinance Bank. It also provides digital payment service through QR code in partnership with ...
Year 2007: 1LINK launched Utility Bill Payment Service (UBPS) 1LINK was converted to a Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018. 1LINK is owned by the consortium of eleven major banks of the country and operates through a chief executive officer .
The picture shows an EasyPaisa debit card powered by UnionPay. The card number and name are usually at the front. Easypaisa was founded in 2009 by Telenor Microfinance Bank as a money transfer service through Unstructured Supplementary Service Data (USSD) channels. [3]
There’s typically no limit to the number of bills that can be enrolled in online bill pay, meaning that credit card bills, rent payments and utility bills can be viewed and paid all in one place.
JazzCash, in collaboration with Mobilink Microfinance Bank, will channel cash payments totaling PKR 78 billion (~USD 187m) to 1.3 million BISP-registered women beneficiaries across Pakistan by the end of next year. So far, JazzCash has successfully transferred PKR 15 billion to beneficiaries in the Hyderabad, Matiari and Rahim Yar Khan regions.
Jazz has over 14,000 active cell sites in the country, [10] with over 25,000 kilometers of fiber-optic cables laid. Huawei, Nokia-Siemens, and ZTE are the primary vendors for networking equipment at Jazz, including Radio Base Stations, microwave equipment and network switches.
My credit card issuer also allows me to redeem my points for cash, but this option yields less value. If I had redeemed 100,000 points this way, I'd have received $1,000.
The uptake of the payment scheme has been slow. [5] As of February 2021, more than 4 million PayPak cards have been issued [2] – representing 3.5% of the 41.9 million payment cards issued in the country. [6] PayPak has over 25% of market share in terms of volume of cards in the market. [7]