Goaled at further developing the digital payments ecosystem, Pakistan’s leading fintech, JazzCash, has launched a Business App for its rapidly growing merchant base.
Featuring state-of-the-art tools for efficient financial and business management, this app adds to the convenience of doing business as small and medium business owners can kick starter digital payment acceptance, without the cumbersome checking account registration process.
This all-new platform has been developed to cater to the SME sector, which is yet to understand the complete benefits of a digital payments ecosystem, while some amongst them, aren’t even a part of the formal economy. There are many SMEs in Pakistan, and only a couple of thousand accept digital payments making it a predominately cash-based sector.
The JazzCash Business app becomes the command center for these merchants, providing visibility on business performance and automating day-to-day activities. Users can receive payments through QR, reconcile transactions, disburse salaries and make payments for stock procurement.
They can also generate a QR code in real-time and send customizable digital invoices to customers. Going forward, more features are going to be added to the present app, including the choice to request a commercial loan , playing an important role in driving economic process .
According to Erwan Gelebart, CEO, JazzCash, “JazzCash aims to cultivate a cashless economy and is committed to introducing innovative products and services that provide faster, more transparent, and secure payment solutions.
We identified a requirement for a one stop digital solution within the SME sector, which still lacks the tools and resources to adopt digital transformation, and created this business app to manage all their financial requirements.”
“By taking advantage of secure, real time payments, these businesses will witness higher efficiencies and enjoy a thriving digital ecosystem,” he added.
Business owners can self onboard from anywhere conveniently by registering themselves on the Business App during a few simple steps by providing basic personal and business information, uploading a replica of their CNIC and photograph.