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JazzCash

Jazz cash
FormerlyMobiCash
Company typePrivate
IndustryMobile financial services
FoundedNovember 29, 2012; 12 years ago (2012-11-29)[1]
Key people
Aamir Ibrahim (CEO)[2] Murtaza Ali (Head of JazzCash)[3]
Products
  • Online payments
  • Mobile payments
  • Digital wallet
ParentJazz
Websitewww.jazzcash.com.pk

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 Masterpass.

The company, with a customer base of 44 million, has made a concerted effort to prioritise gender-intentional financial inclusion. As a result, around 29 percent of JazzCash customers are now women.[4] Under the broad ambit of digital financial services, JazzCash goes beyond payments to include critical services like savings, nano-loans, and insurance.[5] JazzCash is also the first and only nano-lender in Pakistan to offer free life and health insurance to its nano-loan customers.[6] Another facility provided by Jazz Cash is the introduction of the Jazz Cash Merchant Account, which is a digital payment facility that does transactions.[7]

History

JazzCash was launched in 2012 as MobiCash by Mobilink (now Jazz) in partnership with Waseela Bank, which was later renamed as Mobilink Microfinance Bank.[1] In 2016, MobiCash was renamed as JazzCash.[8]

In 2020, JazzCash partnered with Payoneer to provide users with a feature that would allow them to withdraw funds from their Payoneer account through their JazzCash wallet.[9] More than one of such accounts have been linked to JazzCash.[10]

See also

References

  1. ^ a b Attaa, Aamir. "Mobilink Launches MobiCash".
  2. ^ Startup Ecosystem Overview
  3. ^ [1]
  4. ^ Desk, BR Web (November 5, 2023). "Around 29 pc of JazzCash customers are women: CEO". Brecorder. {{cite web}}: |last= has generic name (help)
  5. ^ Desk, APP Digital (February 29, 2024). "Jazz CEO vows 50pc women representation in digital wallet services for more inclusivity". Associated Press Pakistan. {{cite web}}: |last= has generic name (help)
  6. ^ Desk, BR Web (November 8, 2023). "Nano-loan customers: JazzCash introduces free life and health insurance". Brecorder. {{cite web}}: |last= has generic name (help)
  7. ^ Khan, MQ (2023-12-09). "How to Use and Create Jazz Cash Merchant Account in Pakistan 2024". pakmobnews.com.
  8. ^ "MobiCash is now JazzCash". 20 May 2016.
  9. ^ "JazzCash and Payoneer Team up to Make Freelance Payments Easy". Payoneer. 23 January 2020.
  10. ^ Ali, Kalbe (May 31, 2021). "Cash wallets are the future of fintech". DAWN.COM.


Quelle: https://en.wikipedia.org/wiki/JazzCash