Islamabad,22February 2017: JazzCash, Pakistan’s fastest growing Mobile Financial Service and Digital money transfer service WorldRemit have announced a partnership for instant mobile remittances to Pakistan for over 9 million Pakistani expatriates currently living abroad.
Bryce Currie, Global Business Development Director at WorldRemit, commenting on this partnership, said,“WorldRemit is utilized to complete more than 580,000 money transfers to Pakistan every month. By partnering with JazzCash, we are eradicatingseveral days of waiting for a money transfer to arrive – now WorldRemit customers can send money with just a few taps on their smartphone to be collected as Mobile Money by the beneficiary on the same day.”
Aniqa Afzal Sandhu, Chief Digital & Financial Services Officer – Jazz,added, “Remittances play an important role in Pakistan’s economy – according the State Bank of Pakistan (SBP), expatriate Pakistanis remitted almost $20 billion in 2015 -16. By onboarding WorldRemit, we shall be adding a significant degree of convenience and reliability to families who rely on financial support from abroad to run their households.”
The decision to partner with JazzCash follows WorldRemit data identifying Pakistanis rapidly switching from the old expensive method of transferring cash at an agent location to using safer and faster digital money transfer methods.
ABOUT WORLDREMIT
WorldRemit is changing the way people send money.
It’s easy – just open the app or visit the website – no more agents.
- Transfers to most countries are instant – send money like an instant message.
- More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).
- Available in over 50 countries and 140+ destinations.
- Backed by Accel Partners and TCV – investors in Facebook, Spotify, Netflix and Slack.
WorldRemit’s global headquarters are in London, UK with regional offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand.
About JazzCash
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.
Fahad is an entrepreneur and a marketing enthusiast who loves to write on trending topics. He loves travelling & playing tennis is what he does in his leisure time. He tweets @fahad164.
Email:- fahad164@gmail.com , fahad@themediaparadigm.com
