Technology and Business News from Pakistan

JazzCash achieves 4 million active Mobile Account subscribers

JazzCash has achieved yet another milestone by achieving four million active Mobile Account subscribers[1]. In addition, transaction values have increased significantly crossing the PKR350 billion mark during the first six months of the current year – 85% increase compared to the corresponding period last year. More than 190 million transactions were carried out through JazzCash Mobile Accounts during the first six months of the current year compared to 115 million transactions in the corresponding period last year – an increase of 65%.

Commenting on the milestone, AamerEjaz, Chief Digital Officer – Jazz, said, “JazzCash has always endeavored to provide state-of-the-art financial services readily responding to the demand from its ever growing base of valued subscribers. The significant surge in transactions performed through the Mobile Account is a further testament to the fact that our customers put a great deal of confidence in the services we offer”.

In addition, during the year JazzCash introduced revamped Mobile App and an all new Online Banking portal for its customers. The interface for Mobile App is based on the global best practices with new features that would further enhance overall customer experience. The new Mobile App allows customers of any mobile network to register for their Mobile Account and access all services such as Send Money, Pay Bills, Mobile Load, Payments, Request Money, Invite Friends and QuickPay QR Payments.

The all-new Online Banking portal makes JazzCash the first branchless banking player to offer such an interface to its customers. The simplified service allows customers to instantly review their recent transactions and initiate all transactions from a single screen. The Online Banking is secured with beneficiary management allowing customers to securely and safely perform their financial transactions.

JazzCash also introduced new and improved EMV (chip-based) VISA Debit Card for Mobile Account subscribers which is the most secure card currently available in the market. The card can be conveniently ordered through an online portal and will be delivered to the customers’ given address. EMV VISA Debit Card provides convenience to shop at more than 50,000 merchants nationwide or withdraw cash at any bank’s ATM.

JazzCash Mobile Account is increasingly becoming popular in providing digital financial services to Pakistanis from all backgrounds. With a simplified USSD interface and Mobile App that is available for both iOS and Android devices, the account can be accessed anytime, anywhere by customers across the country who can deposit and withdraw cash from over 75,000 JazzCash Agents. The product fulfills all basic financial services needs of the customers including deposits, money transfer, bill payments, mobile top-ups, savings, insurance, ATM cards and payments for a variety of services.

[1] 30 days minimum usage.

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