Many people get confused while choosing between JazzCash and Easypaisa. What are they? Do you really need their services? Well, you have to find out after reading some facts and figures. Let’s start with the little introduction of both of the products.
What are JazzCash and Easypaisa?
Both JazzCash and Easypaisa are branchless banking services provider. They are the mobile wallet which means you can use their services for making payments through your mobile phones.
Easypaisa was launched in 2009 while JazzCash was launched in 2012. It is obvious from the name that JazzCash is owned by Jazz but do you know Easypaisa is the initiative of Telenor Pakistan. It was a good and early step taken by Telenor to start the mobile phone banking trend in Pakistan. But Jazz Cash has more active users then EasyPaisa. It has more than 7 million JazzCash monthly active subscribers. While Easypaisa just have 2 Million Active users. Why so?
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The main reason is that JazzCash is basically a product of Mobilink which was previously called MobiCash. After the merger of Mobilink and Warid in 2015 a new company Jazz was formed and definitely their users increased. Jazz is the big company and JazzCash is only available for Jazz Sim users.
As per 2018 quarterly report issued by the state bank, the number of transactions are more than 60% through JazzCash while Telenor has only 28.9% of transactions.
The report also showed that Telenor has more number of agents as compared to Mobilink. Therefore Easypaisa is available more easily everywhere.
Services offered by JazzCash and Easypaisa:
The main services provided by both of them are almost similar. They also offer you an insurance service. Let’s find out what other services they are offering.
1. Debit Card:
Both JazzCash and Easypaisa give their audience the facility of Debit Card. You can use this card for making payment and withdrawal from any ATM. A slight difference is JazzCash debit card is powered by Visa while Easypaisa debit card offers UnionPay debit card.
2. Money Transfer:
Both are offering money transfer in one touch. You can transfer money from anywhere to any JazzCash account or from JazzCash to JazzCash account. Easypaisa also offered the same services with no charges. But if you want to transfer money from Easypaisa to JazzCash then reasonable charges may apply. You can also send Money on CNIC with minimum charges.
3. Bills Payment:
Both apps also offered the bills payment facility with no or small charges. Now you don’t have to wait in long lines for making payments. Just do it by sitting on your sofa. You can pay electricity, Telephone, Gas, Internet, and Water bills through your account.
4. Mobile Load:
You can also charge your mobile load with the balance in your account. JazzCash load is specifically for jazz sim users. While you can charge any sim by using the Easypaisa account.
5. Online Payments:
JazzCash and Easypaisa both offered online payment. So if you love shopping online then you can buy your favorite thing online and can make payment through JazzCash or Easypaisa debit card. Another thing that both are providing is QR Payment. You just have to scan the QR code and you can make payment.
6. International Remittance:
With both, you can receive money from all over the world. So, if you have your uncle who is living in Dubai don’t forget to ask him for Eidi on this Eid.
JazzCash also provides the facility of Payoneer which was very much needed by freelancers.
7. Discounts:
By using these apps you can also avail different discount offers, offered by different brands. You can also receive money back gifts and special discounts for using their apps. If you invite your friends to use their apps you will receive a cash bonus.
Services Table:
|
JazzCash |
Easypaisa |
|
1. Debit Card |
|
|
Visa Debit Card |
UnionPay Debit Card |
|
2. Money Transfer |
|
| Mobile Account |
Easypaisa Mobile Account |
|
CNIC |
CNIC Transfer |
| Bank |
Bank Account |
|
Easypaisa Tohfa |
|
|
3. Bills Payment |
|
|
Electricity |
Electricity |
|
Gas |
Telephone |
| Telephone |
Gas |
|
Water |
Internet |
| Internet |
Water |
|
Government Fees |
|
|
4. Mobile Load |
|
|
Prepaid |
Prepaid Topup |
| Postpaid |
Postpaid Bill |
|
Bundle |
Mobile Bundles |
|
Mobile broadband |
|
|
5. Online Payments |
|
|
Loan Payments |
Bill Payment |
| Insurance/ Challan |
Online Payment |
|
Corporate |
Ticketing |
| Taxes |
Donations |
|
Education |
Corporate Short Names |
| Travel (M-Tag) |
Challans |
|
Health |
Loan Payments |
| Bill Payment |
Fee Collection |
JazzCash Charges:
Following are the few JazzCash Charges. For the complete information kindly visit JazzCash Website.
Send Money from Mobile Account to CNIC:
|
Transaction Slabs |
Total Fee (Includes FED) |
|
1 – 1,000 |
50.00 |
|
1,001 – 2,500 |
100.00 |
|
2,501 – 4,000 |
150.00 |
|
4,001 – 6,000 |
200.00 |
|
6,001 – 8,000 |
250.00 |
|
8,001 – 10,000 |
300.00 |
Send Money from Mobile Account to Bank Account:
|
Transaction Slabs |
Total Fee (Includes FED) |
|
1-500 |
15.00 |
|
501-1,000 |
20.00 |
|
1,001-2,500 |
40.00 |
|
2,501-4,000 |
60.00 |
|
4,001-6,000 |
80.00 |
|
6,001-8,000 |
100.00 |
Cash Withdrawal from Mobile Account through other bank’s ATM:
|
Transaction Slabs |
Total Fee (Includes FED & 1-Link Charges) |
|
500 |
15.00 |
|
1,000 |
20.00 |
|
1,500-2,500 |
30.00 |
|
3,000-4,000 |
50.00 |
|
4,500-6,000 |
70.00 |
|
6,500-8,000 |
90.00 |
Easypaisa Charges:
Following are the few Easypaisa charges. For the complete information kindly see the following report by Telenor Microfinance Bank Ltd.
Money Transfer from Easypaisa Mobile Account to a CNIC:
|
Transaction Amounts |
Service Fee (Incl. Tax) PKR |
|
1 to 1,000 |
46.4 |
|
1,001 to 2,500 |
92.8 |
| 2,501 to 4,000 |
139.2 |
|
4,001 to 6,000 |
185.6 |
| 6,001 to 8,000 |
232.0 |
| 8,001 to 10,000 |
278.4 |
Transfer from Easypaisa Mobile Account to Telenor Microfinance Bank Account:
| Transaction Amounts | Service Fee (Incl. Tax) PKR |
| 1 to 1,000 | 12.5 |
| 1,001 to 2,500 | 25.0 |
| 2,501 to 4,000 | 37.5 |
| 4,001 to 6,000 | 50.0 |
| 6,001 to 8,000 | 62.5 |
ATM Cash Withdrawal:
|
Transaction Amounts |
Service Fee (Incl. Tax & 1-link Charges) PKR |
|
0 to 500 |
15.0 |
| 0 to 1,000 |
20.0 |
|
1,500 to 2,500 |
30.0 |
| 3,000 to 4,000 |
50.0 |
|
4,500 to 6,000 |
70.0 |
| 6,500 to 8,000 |
90.0 |
Which One Is Better?
JazzCash and Easypaisa both are having some benefits and limitations. JazzCash is only available for Jazz sim users but Easypaisa can be used on any sim. Both JazzCash and Easypaisa have apps on google play store but the user interface of the Easypaisa app is much more appealing and helpful as compared to the JazzCash app.
JazzCash also doesn’t have many offers for its audience but they are bringing different innovations and features like Payoneer with the passage of time. On the other hand, Easypaisa has many more offers and discounts for its audience and it is easily available everywhere. International payments are not provided by any of them. Moreover, Easypaisa’s rates are cheaper then JazzCash rates.
Choosing between two would be easy as per your requirement. Because if you are a freelancer then go for JazzCash otherwise you can use Easypaisa. so it’s entirely up to your taste.
Our Mushwarah:
Our mushwarah is to use both. The benefit of using both is that many offers that are offering a 10% discount on JazzCash may be offering a 15% discount on Easypaisa or vice versa. So, it’s good to have both accounts specially when they are free to open.
For more updates follow our YouTube Channel Mushwarah.pk
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