Payments in PakistanThere are currently more than 46 million e-wallet payment users in Pakistan accounting for 21 per cent of the country’s population, with major e-wallets such as Easypaisa and JazzCash, both of which account for 87 per cent of the market share.

Easypaisa

easypaisa Pakistan’s largest e-wallet, known as the Pakistan version of “Alipay” has more than 20 million users occupying 53% market share, is the Pakistani telecom operator Telenor launched the digital payment method, in 2018 by the investment from ant gold, compared with the local Other wallets have a very big technological advantage. Users can safely and quickly transfer and receive money, recharge mobile phones, buy data traffic, shop online or pay utility bills through the mobile app. easypaisa’s main recharge method is cash, and it has more than 70,000 offline recharge and withdrawal outlets in Pakistan, which to a certain extent solves the problem of daily transfers, payments and bill payments for cardless people.

JazzCash

JazzCash, a branchless banking system launched by Pakistani telecom operator Jazz in 2012, was initially known as MobiCash and is the second largest e-wallet in Pakistan.JazzCash works in a similar way to a bank account with a mobile phone number and can be operated on a wide range of mobile phone types without the requirement that it must be a smartphone, which has been welcomed by a large number of JazzCash has seen relatively large growth in the number of users in recent years, and unlike Easypaisa, which focuses on feature phones, if Chinese companies go overseas in a form that relies heavily on smartphones, they will need to consider the issue of the population covered by different wallets when accessing them.