ISLAMABAD (WEB DESK) – JazzCash on Friday announced the formal launch of its Online Payment Gateway poised to play a major part in the imminent e-commerce boom in Pakistan.
The service enables merchants to accept payments through variety of channels including Credit / Debit Card, Mobile Account and Voucher Payments in turn providing services to customers to pay for their online purchase.
JazzCash Escrow works on complete automation, where the customer can raise a dispute just by logging into an online portal in comparison to the lengthy manual & paper based processes in place with other Escrow Enabled payment gateways in the market.
“As the business world embraces the ongoing digital revolution, E-Commerce sales are growing rapidly, and with them, online payments. In such an environment, JazzCash aims to facilitate E-Commerce merchants and their customers with its Online Payment Gateway. Apart from being convenient, secure and swift it offers other unique features such as a fully automated Escrow option which sets it apart from other offerings in the market,” said Aniqa Afzal Sandhu, VP Digital & Mobile Financial Services – Mobilink.
JazzCash launched the pilot of its Online Payment Gateway earlier this year and had been working with a number of merchants.
Pakistan’s E-Commerce industry is currently dominated by Cash on Delivery (COD) as the payment channel. COD has its challenges for the online merchants including delay in the realization of funds and financial costs associated with return orders, cash in transit insurance, theft / extortion etc. Prepayments through JazzCash Online Payments Gateway decreases the chances of such challenges.
