Freelancers from Pakistan have received more than PKR4 billion since January 2020 using a tech-based solution amid the coronavirus pandemic.
This was stated by the President and CEO of Mobilink Microfinance Bank, Ghazanfar Azzam, during a media talk held on Monday.
He shared, “Freelance work by IT professionals increased under the circumstances but they were facing the issue of remittances of very small amounts, ranging from $100-$500. We devised a solution, given that more professionals are taking up small IT jobs.”
“Over Rs4bn has been received since January 2020 by more than 100,000 freelancers through Payoneer and JazzCash accounts,” Mr Azzam said.
JazzCash is one of the subsidiaries of Mobilink Microfinance Bank, which partnered with Payoneer, an American financial services company that provides online money transfer and digital payment services, he explained.
The CEO also said that due to the reduction in human interaction, and improvements in the internet connectivity the e-commerce sector has received a lot of promotion.
Sharing more details Ghazanfar said that JazzCash has launched a business app to cater the Small and Medium Enterprise (SME) sector which is yet to realise the full benefits of a digital payments ecosystem, adding that some amongst them are not even part of the formal economy.
The JazzCash Business App will provide visibility on business performance and automating day-to-day activities.
From : pk.mashable.com