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]