Home Tips JazzCash or Easypaisa - Choose The Best One

JazzCash or Easypaisa – Choose The Best One

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?

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?

Read Also: Jazz internet packages

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.

JazzCash and Easypaisa
Source: Naseer Muhammad LinkedIn

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.

JazzCash and Easypaisa
Source: Naseer Muhammad LinkedIn

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:

Source: kindpng

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:

JazzCash and Easypaisa
Source: clipart.email

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
Source: vecteezzy

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:

JazzCash and Easypaisa

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:

JazzCash and Easypaisa

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:

JazzCash and Easypaisa

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:

JazzCash and Easypaisa

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 AmountsService Fee (Incl. Tax) PKR
 1 to 1,00012.5
 1,001 to 2,50025.0
2,501 to  4,00037.5
 4,001 to 6,00050.0
 6,001 to 8,00062.5

 

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 which one is best

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

AhmedRChttps://ahmedrc.com
A Freelance Content Writer, Self-Help Blogger and an Individual who is committed to learning, growing and being the best.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

How to Start Freelancing in Pakistan

Well, you are a student or a professional and want to earn more money. You might be thinking to earn the money through freelancing....

Current Education Scenario in Pakistan Could Lead to Protests and Sit-in In The Country.

The whole world is fighting against a deadly disease called Coronavirus. The government of Pakistan imposed lockdowns on 23, March 2020 to prevent the...

CPEC Essay

CPEC or simply China Pakistan Economic corridor is a multibillion-dollar project. It is an initiative by China and the extension of the BRI- Belt...

Covid-19 cases surge over 100,000 in Pakistan

Yesterday, the novel Covid-19 cases surge over 100,000 in Pakistan. The government has decided to lift the lockdown on the Eid occasion and the...

Best Inverter AC In Pakistan 2020

When you are living in a hot country like Pakistan then AC is the best option to beat the heat. There are many Air...