JazzCash, Pakistan’s leading fintech, has launched a business app for its rapidly growing merchant base, with the aim of further developing the digital payments ecosystem. This app, which includes state-of-the-art tools for efficient financial and business management, adds to the ease of doing business by allowing small and medium business owners to begin accepting digital payments without the need for a bulky bank account registration process.
This brand-new platform was created for the SME market, which has yet to fully understand the benefits of a digital payments ecosystem, and some of them are not even part of the formal economy. Pakistan has millions of SMEs, but just a few thousand accept digital payments, making the country’s economy mostly cash-based.
For these retailers, the JazzCash Business app serves as a command center, offering insight into business success and automating day-to-day tasks. Users may use QR to collect payments, reconcile transactions, disburse wages, and pay for stock purchases.
In addition, they will generate a QR code in real time and give customers personalized digital invoices. More features will be added to this app in the future, including the ability to request a business loan, which will play an important role in driving economic growth.
Business owners can self-onboard from anywhere by filling out a few simple forms on the Business App, including basic personal and business details, uploading a copy of their CNIC, and uploading an image.
