JazzCash, a leading digital financial services provider in Pakistan, has been honored with the “Pioneering Telco to Launch Tap on Phone” award at the Mastercard Payment Leaders Awards. This achievement recognizes JazzCash for its groundbreaking solution that allows merchants to accept payments via contactless cards or smartphones by simply tapping on an NFC-enabled Android device.
With this innovative technology, more than 350,000 businesses across Pakistan can now process payments more easily and efficiently, without the need for additional hardware.
This service, developed in partnership with Mastercard, enables JazzCash wallet users to make payments directly using any contactless device. The collaboration also paves the way for further advancements, as Mastercard continues to introduce new payment solutions.
The award was presented to Aamir Ibrahim, CEO of Jazz and chairman of Mobilink Microfinance Bank, by J.K. Khalil, Mastercard’s division president for East Arabia. This recognition underscores JazzCash’s commitment to enhancing the digital payment landscape in Pakistan and making transactions smoother and more accessible for merchants and consumers alike.
In another significant event at the Pakistan Stock Exchange (PSX), a gong ceremony was held to celebrate the listing of BF Biosciences Ltd, a pharmaceutical collaboration between Ferozsons Laboratories Ltd and Argentina’s Bago Group. This listing marks a new chapter in the growth of the pharmaceutical sector in Pakistan.