JazzCash Launches Buy Now, Pay Later Service in Pakistan
— December 30, 2024
ISLAMABAD ( AIA ) JazzCash, Pakistan’s leading fintech platform, has unveiled its Buy Now, Pay Later (BNPL) service, offering customers a convenient and flexible payment solution.
In partnership with leading retail brands, including Telemart and EGO, JazzCash’s BNPL service allows customers to break down payments into three easy installments over 60 days. This innovative solution enhances the shopping experience for JazzCash’s 45 million customers, providing them with increased purchasing power and financial flexibility.
We’re committed to introducing innovative solutions that cater to Pakistan’s market needs,” said Aamir Aftab, Chief Product Officer at JazzCash. “Our BNPL service offers customers a convenient and affordable payment option, while helping businesses attract more customers and drive revenue growth.
Key features of JazzCash’s BNPL service include:
– No requirement for employment history or formal bank account
– Accessible via QR code scanning at checkout
– 60-day installment plan with a 15% service fee
– 10% late fee applies if installments are delayed beyond 30 days
With its focus on innovation and customer-centricity, JazzCash has achieved significant business growth, with a 58% increase in overall transaction value in 2024. The introduction of BNPL further reinforces JazzCash’s position as a leader in Pakistan’s fintech sector.