Pakistan’s JazzCash supports global gateway to receive payments

2 mins read
PayPal officials already confirm that Pakistan does not have adequate business opportunities to attract global online payment company.
PayPal officials already confirm that Pakistan does not have adequate business opportunities to attract global online payment company.

JazzCash, a Pakistani mobile wallet, mobile payments and branchless banking services provider, established links with Payoneer, an international payment gateway used by freelancers to receive payments.

Founded in 2012, the JazzCash started payments and branchless banking services in partnership with the Mobilink Microfinance Bank. The company is also providing digital payment service through QR Code in partnership with MasterPass, also a digital wallet offered by Mastercard.

PAYONEER ACCOUNT: In an update, the company said that JazzCash now offers easy linking with the Payoneer account, allowing customers to instantly withdraw funds to their mobile account. It said that it’s a hassle-free three-step procedure hardly takes a few minutes to link the two accounts. In one step, click Payoneer on the homepage.

In the second step, the link account will redirect its customer to the official website of the Payoneer. Lastly, the customers can use their Payoneer credentials including username and password to link the accounts. During this process, the user will get a pop-up notification from the JazzCash app, notifying that the JazzCash account has been successfully registered with Payoneer.

The company official said that the users can transfer money from Payoneer to their JazzCash account directly at ‘very good’ exchange rate. The company also said that the standard two percent transaction charges will be deducted from the funds on each transaction.

PAYPAL IS NOT COMING: In October, a delegation from Ministry of Information Technology visited the United States to convince PayPal to bring its business to Pakistan. The global online payment company officials informed the visitors that Pakistan is not included in its three-year roadmap at the moment, as it does not have adequate business opportunities to attract the firm.

A senior official said that the government was hopeful to bring the PayPal service to Pakistan to facilitate those citizens who earn from abroad and find it difficult to transfer their money. PayPal allows people in over 200 countries to send and receive money, and acts as an international bank account.

Minhas Justin

Born in Lahore, Minhas Justin is a freelance writer and journalist who writes for The Wallet. He is a graduate of Lahore Leads University with BS Honors in Mass Communication. He also holds a diploma in journalism from Beijing-based Renmin University of China. Twitter: @minhasjustin

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