Tech Desk
Aug 19, 2024
JazzCash, Pakistan’s largest fintech organisation, is seamlessly diversifying its circle by rolling out a few significant features to enhance the user’s experience. Similarly, it recently unveiled an innovative feature called "Tap-Pay for Businesses."
The deeply integrated advanced technological feature allows users to enable around 350,000 businesses nationwide to collect payment through their phones and receive contactless payments just with the help of a single tap on businesses' Near-field communication (NFC)-enabled devices.
These progressive features allow users to successfully establish an end-to-end contactless payment environment and strengthen a strong monetary network in the country, which is certainly a remarkable step towards the development of Pakistan.
Read more: JazzCash teams up with du Pay to simplify overseas 'payments for Pakistanis'
JazzCash President Murtaza Ali said: “Our goal is to empower customers and businesses. With Tap-Pay, we aim to enhance Pakistan’s payment ecosystem with innovative solutions that are not only relevant but also accessible to all. This is a significant milestone as we continue to lead the way in digital financial inclusion and redefine how small businesses manage transactions.”
JazzCash's main focus is to promote socio-economic integration and create a noble era by opening the latest income flows in the country. As of Q3 of FY 2023-24, almost 47 million debit and credit cards are still prevailing.
According to the State Bank of Pakistan reports, card purchases on point of sale (POS) machines are around Rs394 billion in the existing time.
