Mobilink Bank and JazzCash have partnered to transform Chaklala Scheme III Bazar into a fully cashless marketplace, advancing Prime Minister Shahbaz Sharif’s vision of a digital, cashless economy. The initiative enables merchants and customers to transact using digital payments instead of cash, promoting transparency, convenience, and financial inclusion.
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The cashless bazar initiative equips local merchants with JazzCash QR codes and digital payment infrastructure, allowing customers to pay for goods and services through their mobile wallets. The move eliminates the need for physical cash, reduces transaction friction, and provides digital records of all sales.
Key Features of the Initiative
- QR Code Payments: Customers can scan and pay using JazzCash or any RAAST-compliant app
- Zero-Cost Transactions: No merchant discount rate (MDR) for digital payments
- Instant Settlements: Funds credited directly to merchant bank accounts in real-time
- Digital Records: Automatic transaction documentation for better business management
- Financial Inclusion: Bringing small merchants into the formal digital economy
About the Cashless Economy Vision
Prime Minister Shahbaz Sharif has championed the transition to a cashless economy to reduce cash dependency, improve tax documentation, and bring more transactions into the formal financial system. Initiatives like the cashless transformation of Chaklala Scheme III Bazar demonstrate tangible progress toward this national goal.
About Mobilink Bank
Mobilink Bank is a leading digital bank in Pakistan, committed to driving financial inclusion and empowering businesses through innovative digital financial solutions. The bank works with merchants across the country to enable digital payment acceptance.
About JazzCash
JazzCash is Pakistan’s leading digital payments platform, with over 40 million registered users and a network of more than 200,000 agents across the country. The platform enables merchants to accept digital payments through QR codes and provides customers with convenient, secure payment options.
