JS Bank & Jazz cash has entered into an agreement whereby Jazz customers will have access to Direct Debit functionality.
Developed on JazzCash Payment Gateway, Direct Debit will also bring convenience and ease to JS Bank customers, by enabling them to use their JS Bank account for purchasing goods and other services online.
Customers will be redirected from JazzCash Payment Gateway to JS Bank Internet Banking interface to complete the transaction, thereby removing the need to enter Credit / Debit card details and authorizing the transactions.
Speaking on the occasion, Kamran Jafar, Group Head Corporate Retail Banking Group JS Bank said “This strategic alliance with JazzCash reinforces our commitment to the digitization of consumer experiences”. He further said “Our journey towards a cash-optimized universe requires forward looking partners like Jazz to revolutionize consumer behavior and evolve towards an efficient future.”
Aniqa Afzal Sandhu, VP Digital & Mobile Financial Services – Jazz, said, “Direct Debit is the simplest, safest and most convenient way to make regular or recurring payments; that’s why it’s used for various utility payments online. As a leading digital company, our customer’s financial services needs take top priority and we continue to strive hard in providing them with the best services.” She further added “JazzCash remains committed to the digitization of financial services and the launch of this first of its kind service with JS Bank enhances our digital payments ecosystem,”
JazzCash Payment Gateway is state of the art Payment Gateway in Pakistan. It currently supports payments through JazzCash Mobile Account, JazzCash Voucher & Credit / Debit Cards.
JazzCash, a mobile financial service offering under Jazz’s ecosystem has over 70,000 retail outlets across Pakistan. JazzCash offers a broad portfolio of Branchless Banking services for customers including money transfer, bill payments, bank transfers, mobile accounts services, ATM cards, insurance, savings, payment gateway and payments for a variety of services.
Direct debit.. hmmmm.. What are the charges on top of each online payment? and what are the exchange rates for debit and credit?
Kaam Wahi Naam Naya :
Kiya Banks Wale & Telecom Wale Mill Kar PayPal K Liye Force Nahi Kar Sakte PTA Ko ?
My head is spinning about what payments situation these “Ala Damagh” are trying to bring. This bank, that operator, that retailer combinations. How things are simple in west where one credit card just work everywhere for every bank and every shop. Or every debit card of bank work everywhere. Why? There is one separate entity (visa or master) who integrate everything [merchant, bank, consumers]. Payment is horizontal application whereas operators has segment of consumers so no sense for them to get into payment business. What west has fixed, Pakistanis are trying to mess it up proving they are problem creators.