Visa to Offer Debit Cards to Millions of Micro Financial Users in Pakistan

Friday, August 12, 2016

Mobile Financial Service, JazzCash, which is a collaboration of Mobilink and Mobilink Microfinance Bank, has entered into a partnership with global payments technology company, Visa, to offer Visa debit cards to consumers.

This partnership, a first of its kind in the country with respect to changing times and global industry practices.

This unique partnership will enable JazzCash to further strengthen its Mobile Financial Services ecosystem by leveraging on Visa-enabled merchant locations both locally and internationally.  This move also ensures that the country’s unbanked segment will not just have access to a bank account through their mobiles, but also to a globally accepted payment card.

Speaking about the partnership, Aniqa Afzal Sandhu, VP Digital and Mobile Financial Services – Mobilink, stated,

“By linking our Mobile Account service with Visa, we are excited to embark on the next phase of our journey to digitalize our customer’s daily financial needs in a convenient and reliable manner. We look forward to further empowering our rapidly increasing Mobile Account customers with access to retail and online payments through Visa debit cards.”

Source: TechJuice (link opens in a new window)

microfinance, mobile finance