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JazzCash and Meezan Bank Form Alliance to Innovate Remittance Collections in Pakistan

Islamabad, 11 Oct 2023:JazzCash, a paramount fintech provider in Pakistan, and Meezan Bank, the nation’s inaugural and most expansive Islamic bank, have initiated a partnership aimed at streamlining remittance collection, according to a press release from Jazz. With the signing of this collaboration, which took place at Meezan Bank’s Head Office in Karachi and was officiated by Irfan Siddiqui, Founding President and CEO of Meezan Bank, and Aamir Ibrahim, CEO of Jazz, customers globally will now be able to send remittances directly into JazzCash wallets utilizing Meezan Bank remittance conduits, thereby facilitating augmented convenience and access.

CEO of Jazz, Aamir Ibrahim, remarked during his address, “In Pakistan, the flow of remittances is a lifeline connecting families, building dreams, and fueling individual and national progress. The partnership between JazzCash and Meezan Bank for seamless remittance collections is a testament to our purpose of improving the lives and livelihoods of Pakistanis through digital and financial inclusion. We, as Pakistan’s largest digital operator, remain committed to improving the remittances flow to uplift the economy.”

Irfan Siddiqui, Founding President and CEO of Meezan Bank, articulated, “Meezan Bank consistently plays a vital role in fostering and advancing Pakistan's digital payment landscape. This collaboration will empower millions of JazzCash customers in Pakistan to effortlessly receive funds from their loved ones abroad. Our support for this initiative will not only benefit mobile wallet customers in the country but Insha'Allah facilitate the regulated flow of remittances in Pakistan, thus contributing significantly to the country’s economy."

Murtaza Ali, Head of JazzCash, commenting at the signing ceremony, said, "Our partnership with Meezan Bank is a step in the right direction for creating ease of access to digital financial services for our customers within and outside Pakistan. We believe that this initiative will not only make remittances more accessible but also contribute to the overall economic growth of Pakistan."

The integration of JazzCash's pervasive agent network with Meezan Bank's national reach promises that customers can avail their remittances with utmost convenience. Moreover, by interweaving Meezan Bank’s remittance facilities with JazzCash’s facile mobile application, customers can seamlessly track, receive, and manage their remittances, all through a mobile interface.

The post JazzCash and Meezan Bank Form Alliance to Innovate Remittance Collections in Pakistan appeared first on Pakistan Business News.

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