Following a recent agreement JazzCash and National Bank of Pakistan (NBP), the NBP account holders will now be able to transfer money to any individual possessing a valid CNIC, anywhere across Pakistan.
Funds remitted through this integration can be collected from JazzCash’s agents present nationwide, reads a statement issued by the company.
The Pay-to-CNIC initiative will enable a convenient and safe digital transfer of funds particularly from the banked to the un-banked masses.
The transaction can be carried through the NBP Digital App, however, for users without a smartphone, JazzCash has empowered NBP branches across Pakistan to conduct Pay-to-CNIC transactions on behalf of NBP account holders through a Web-Portal Interface.
The receiver will be notified of the transaction through an SMS and can collect the funds from any nearby JazzCash agent by conducting a BVS Verification.
With a monthly receiving limit up to Rs50,000 per individual, Pay-to-CNIC aims at enhancing access to NBP Account Holders to remit funds to unbanked individuals.
Currently the Pay-to-CNIC service is functional at NBP Branches through web-portal interface, however, the service will be active on NBP Digital App in a few weeks.