JazzCash provides a convenient and simple solution to help clients of various banks and microfinance institutions pay their loan instalment on a regular basis. The clients of these organizations, that is, their borrower base, can pay monthly installments through JazzCash mobile accounts or through our expanding national network of JazzCash agents, which includes retailers, Jazz business centers, Jazz franchises and Mobilink microfinance bank branches.
- Agent network nationwide with more being added regularly
- Secure, transparent and reliable collection solution for organizations' borrower base
- Cost effective and efficient loan repayment collection process
- It is not necessary to travel long distances to make the payment of the loan taken by the borrower
- Payment can be made even after banking hours at locations close to the door
- SMS-based confirmation to the borrower
- Daily reports made to the organization for collection from banks/microfinance institutions to ensure borrower accounts are up to date
The following terms form the contract between the holders of the branchless bank account (hereinafter the "Client") and MMBL for the opening and operation of the branchless bank account ("Account") and the use of all banking services without branches through the channels (including, but not limited to, the Agents assigned by MMBL throughout the country, any MMBL Branch in the country, Mobile, Internet, ATM,) as may be provided by the Bank, from time to time (“Services”).
The Client is responsible for providing the Bank with correct information and instructions when making payments to beneficiaries. The bank will not be responsible for any loss or damage that occurs due to the customer's error in making incorrect or unintentional payments. The Account will function as a checking account with the exception that this Account may be accessed through any of the aforementioned channels.
- No overdraft/credit facility is permitted unless the overdraft/credit limit is approved for the Client per bank policy.
- In order to have Accounts and Services, the Customer is required to be a GSM mobile user who must be registered in the Customer's name as it appears in the CNIC. MMBL, in its sole discretion, will from time to time disclose compatible devices, mobile operator and software.
- Current branch limits minus bank accounts are as follows:
0 Comments