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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. It also provides digital payment service through QR code in partnership with Masterpass. 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. 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. Currently, more than one lac such accounts has been linked to JazzCash. See also * Easypaisa Easypaisa is a Pakistani mobile wallet, mobile payments and branchless banking services provider. It w ...
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Mobilink Microfinance Bank
JazzCash, formerly known as MobiCash, is a Pakistani Digital wallet, mobile wallet, mobile payments, and Direct bank, branchless banking services provider. It was launched in 2012 as MobiCash by Mobilink (now Jazz (mobile network operator), Jazz) in partnership with their subsidiary bank Mobilink Microfinance Bank. It has a market share of 64 percent in mobile money activity. It also provides digital payment service through QR code in partnership with Masterpass. History JazzCash was launched in 2012 as MobiCash by Mobilink (now Jazz (mobile network operator), Jazz) in partnership with Waseela Bank, which was later renamed as Mobilink Microfinance Bank. 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. Currently, more than one lac such accounts has been linked to JazzCash. See also * Easypaisa * Raast Refere ...
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Jazz (mobile Network Operator)
Pakistan Mobile Communications Limited, doing business as Jazz, ( ur, ) is a Pakistani mobile network and internet services provider formed by the merger of Mobilink and Warid Pakistan. It provides a range of services for prepaid and postpaid customers to individual and corporate clients. It is headquartered in Islamabad, and the current CEO is Aamir Hafeez Ibrahim. History Formerly known as Mobilink, the company was founded in 1994 as a joint venture between Saif Group and Motorola Inc. In February 2001, Egypt based Orascom Investment Holding bought Motorola’s shares in Jazz to become the majority shareholder with 69% control. Then, in June 2007, Orascom further purchased the remaining shares under Saif Group’s control to become Jazz’s 100% owner. In 2010, Russian operator VEON agreed to acquire most of the telecom assets of Orascom, including Jazz, in a $6.5 billion deal, creating the world’s fifth-largest mobile network operator by subscriber base. In November 201 ...
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Mobilink
Mobilink ( ur, ) was the trade name of Pakistan Mobile Communications Limited (PMCL), a mobile operator in Pakistan providing a range of prepaid and postpaid voice and data telecommunication services to both individual and corporate subscribers. In 2017, Warid Pakistan merged with Mobilink to form Jazz, under which the company now operates. Mobilink's head office was in Islamabad, and its last president and CEO was Aamir Ibrahim, who became the CEO of Jazz. The network claims to have been the first GSM-based mobile operator in South Asia. History Formerly known as Mobilink, the company was founded in 1994 as a joint venture between Saif Group and Motorola Inc. In February 2001, Egypt based Orascom Telecom Holding bought Motorola’s shares in Mobilink to become the majority shareholder with 69% control. Then in June 2007, Orascom further purchased the remaining shares under Saif Group’s control to become Mobilink’s 100% owner. In 2010, Russian operator Vimpelcom (now V ...
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Easypaisa
Easypaisa is a Pakistani mobile wallet, mobile payments and branchless banking services provider. It was founded in 2009 by Telenor Pakistan. It also provides digital payment service through QR code in partnership with Masterpass and is the only GSMA mobile money certified service in Pakistan.   Easypaisa was initially launched as a money transfer service through Unstructured Supplementary Service Data (USSD) channels. In 2016, Easypaisa mobile app was launched to carry out a host of financial transactions other than money transfer. Easypaisa is the branchless banking service of Telenor Microfinance Bank which is jointly owned by Telenor Group, one of the world’s largest telecommunications company across the Nordics and Asia with 186 million customers, and Ant Group, an affiliate company of Alibaba Group and the operator of the world's leading open digital lifestyle platform, Alipay. On, January 17, 2023, Easypaisa launched debit card. History Easypaisa was launched ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Aamir Ibrahim
Aamir may refer to: *Emir, Islamic leader * ''Sewy'' (film), a 100ad film See also *Amir (other) Amir is a title of rulers or military leaders in many Muslim countries, alternatively written as ''Emir''. Amir or Ameer may also refer to: People * Amir (name), people with the given name and surname Amir or Ameer * Amir (singer) (born 1984), ... * Almir (given name) {{disambiguation ...
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Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing country, developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which ...
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Digital Wallet
A digital wallet, also known as an e-wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services. This can include purchasing items either online or at the point of sale in a brick and mortar store, using either mobile payment (on a smartphone or other mobile device) or (for online buying only) using a laptop or other personal computer. Money can be deposited in the digital wallet prior to any transactions or, in other cases, an individual's bank account can be linked to the digital wallet. Users might also have their driver's license, health card, loyalty card(s) and other ID documents stored within the wallet. The credentials can be passed to a merchant's terminal wirelessly via near field communication (NFC). Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credent ...
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Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing country, developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which ...
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Direct Bank
A direct bank (sometimes called a branch-less bank or virtual bank) is a bank that offers its services only via the Internet, email, and other electronic means, often including telephone, online chat, and mobile check deposit. A direct bank has no branch network. It may offer access to an independent banking agent network and may also provide access via ATMs (often through interbank network alliances), and bank by mail. Direct banks eliminate the costs of maintaining a branch network while offering convenience to customers who prefer digital technology. Direct banks provide some but not all of the services offered by physical banks. Direct bank transactions are conducted entirely online. Direct banks are not the same as "online banking". Online banking is an Internet-based option offered by regular banks. In the United States, direct banks are defined as online/branchless institutions with federal banking charters, with either the Federal Reserve Board, the Office of the Comptro ...
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QR Code
A QR code (an initialism for quick response code) is a type of matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso Wave. A barcode is a machine-readable optical label that can contain information about the item to which it is attached. In practice, QR codes often contain data for a locator, identifier, or tracker that points to a website or application. QR codes use four standardized encoding modes (numeric, alphanumeric, byte/binary, and kanji) to store data efficiently; extensions may also be used. The quick response system became popular outside the automotive industry due to its fast readability and greater storage capacity compared to standard UPC barcodes. Applications include product tracking, item identification, time tracking, document management, and general marketing. A QR code consists of black squares arranged in a square grid on a white background, including some fiducial markers, which can be read by an imaging device suc ...
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Masterpass
Masterpass is the trademark under which Mastercard provides digital payment services in some markets around the world, which is a digital wallet that allows to pay faster by keeping all the information you need for payment and delivery in one place. It is a universal payment solution that can be integrated into both a website and a mobile application. Despite its name, Masterpass is compatible with more than simply Mastercard products, it allows you to save the data of cards other payment systems. Mastercard does not charge merchant any fees for purchases through Masterpass. Masterpass users can receive special offers from some of the retailers that accept the payment service. It works similarly to Apple Pay and Google Pay online, so if a website or service hasn't already added support, Masterpass won't change that. See also * Click to Pay * Visa Checkout * Apple Wallet * Google Wallet * Samsung Pay Samsung Pay (stylized as SΛMSUNG Pay) is a mobile payment and digital wa ...
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