JazzCash

JazzCash, formerly known as MobiCash, is a Pakistani mobile wallet, mobile payments, and branchless banking services provider. It was launched in 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]

JazzCash
FormerlyMobiCash
TypePrivate
IndustryMobile financial services
Founded2012 (2012)[1]
HeadquartersPakistan
Key people
Aamir Ibrahim (CEO)[2]
Products
  • Online payments
  • Mobile payments
  • Digital wallet
ParentJazz
Websitewww.jazzcash.com.pk

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

History

It was founded by Erwan Gelebart and was launched in 2012 by Pakistani Telecom Company Mobilink (now Jazz) in partnership with Waseela Bank, which was later renamed as Mobilink Microfinance Bank.[4] In 2016, MobiCash was renamed as JazzCash.

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. 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. Haider, Zeeshan (10 July 2023). "Get Jazz Cash Loan". Haider Zeeshan.
  5. Haider, Zeeshan (10 July 2023). "Get JazzCash Loan". Haider Zeeshan.
  6. Ali, Kalbe (May 31, 2021). "Cash wallets are the future of fintech". DAWN.COM.


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