Paymob, the leading omni-channel payments facilitator in MENAP, and JazzCash, Pakistan’s leading Fintech and part of VEON Group, announce their partnership to expand digital payments acceptance in Pakistan. JazzCash mobile wallet payments will now be accepted by Paymob merchants and processed seamlessly through Paymob’s gateway.
“This partnership with JazzCash enables merchants to accept wallet payments is a great milestone in digitizing payment acceptance. JazzCash customers shopping online through Paymob’s gateway will now have the option to pay conveniently through their wallets. This strategic partnership with JazzCash will serve to grow Pakistan’s payment ecosystem.” said Fawad Abdul Kader, Paymob’s Country Manager in Pakistan.
This partnership will enable SME and enterprise merchants to increase their revenue uptake through an additional payment solution integrated in their checkout system. Customers who do not own a conventional bank account or a card can now pay merchants directly via their JazzCash digital wallets. Not only does this ensure greater access to a variety of customers across different demographics, a merchant registered with Paymob can receive instant payments through customer digital wallets. Additionally, for the e-commerce retailer, this immediate settlement results in improved cash flow and operational cost management.
“Our collaboration with Paymob is aimed at broadening financial inclusion by facilitating consumers with added digital payment platforms, encouraging users to transact digitally and help move Pakistan towards a cashless economy,” said Murtaza Ali, Head of JazzCash.
Since its founding in 2015, Paymob has been disrupting the fintech landscape in the Middle East with the latest payment acceptance solutions. Pakistan’s evolving e-commerce market is ripe with opportunities to equip aspiring merchants to build their marketplaces. Integration with JazzCash as a payment channel in Paymob’s e-commerce gateway SDK will enable smooth and hassle-free payment collection for merchants nationwide.
Paymob currently serves the payment acceptance needs of over 150,000 merchants across MENAP by providing the latest payment acceptance solutions while also driving financial inclusion in markets such as Pakistan, ultimately resulting in economic growth. With approximately 16.2 million monthly active users (MAUs), the JazzCash app has been championing a host of sustainable goals and is innovatively reducing inequalities through secure digital financial services.