JazzCash
FormerlyMobiCash
TypePrivate
IndustryMobile financial services
FoundedNovember 29, 2012 (2012-11-29)[1]
HeadquartersPakistan
Key people
Aamir Ibrahim (CEO)[2]
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 has a market share of 64 percent in mobile money activity.[3]

It also provides digital payment service through QR code in partnership with Masterpass.

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.[4]

In 2020, JazzCash partnered with Payoneer to provide freelancers with a solution that would allow them to withdraw funds from their Payoneer account through their JazzCash wallet.[5] Currently, more than one lac such accounts have been linked to JazzCash.[6]

See also

References

  1. 1 2 Attaa, Aamir. "Mobilink Launches MobiCash".
  2. ↑ Startup Ecosystem Overview
  3. ↑ Desk, BR Web (April 17, 2021). "JazzCash surpasses Easypaisa to lead the Mobile Money Market". Brecorder.
  4. ↑ "MobiCash is now JazzCash". 20 May 2016.
  5. ↑ "JazzCash and Payoneer Team up to Make Freelance Payments Easy". Payoneer. 23 January 2020.
  6. ↑ Ali, Kalbe (May 31, 2021). "Cash wallets are the future of fintech". DAWN.COM.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.