What is the difference between JazzCash and MobiCash?
JazzCash, originally MobiCash, is a Pakistani supplier of mobile wallets, mobile payments, and branchless banking services. Mobilink (now Jazz) created MobiCash in 2012 in collaboration with their subsidiary bank, Mobilink Microfinance Bank. It has a 64 percent market share in mobile money transactions.
In collaboration with MasterPass, it also offers a digital payment option through QR code.
Mobilink (now Jazz) established JazzCash in collaboration with Waseela Bank, which was eventually renamed Mobilink Microfinance Bank. MobiCash was renamed JazzCash in 2016.
JazzCash teamed with Payoneer in 2020 to offer freelancers a way to withdraw payments from their Payoneer account using their JazzCash wallet. More than a million of these accounts are currently linked to JazzCash.