Branchless banking operator explains levy
ISLAMABAD: The Jazz spokesman has said that charges on banking transactions via JazzCash are regulated by the State Bank of Pakistan. Clarifying a news report published in The News and the Daily Jang, claiming JazzCash has imposed a new fee of Rs 5 on all transactions, the spokesman said that in a May 12 circular, the central bank provisioned a charge of 0.5% of the transaction amount (up to a maximum of PKR 100) on cash deposit transactions into mobile wallets for all branchless banking operators, including JazzCash.
JazzCash implemented the change on June 1, ensuring proper communication through its website and informed retailers via SMS prior to the implementation of this charge, the spokesman explained, adding it is important to note that no new fees were imposed on any other transactions as stated in the .—
-
What You Need To Know About Ischemic Stroke -
Shocking Reason Behind Type 2 Diabetes Revealed By Scientists -
SpaceX Cleared For NASA Crew-12 Launch After Falcon 9 Review -
Meghan Markle Gives Old Hollywood Vibes In New Photos At Glitzy Event -
Simple 'finger Test' Unveils Lung Cancer Diagnosis -
Groundbreaking Treatment For Sepsis Emerges In New Study -
Roblox Blocked In Egypt Sparks Debate Over Child Safety And Digital Access -
Savannah Guthrie Addresses Ransom Demands Made By Her Mother Nancy's Kidnappers -
OpenAI Reportedly Working On AI-powered Earbuds As First Hardware Product -
Andrew, Sarah Ferguson Refuse King Charles Request: 'Raising Eyebrows Inside Palace' -
Adam Sandler Reveals How Tom Cruise Introduced Him To Paul Thomas Anderson -
Washington Post CEO William Lewis Resigns After Sweeping Layoffs -
North Korea To Hold 9th Workers’ Party Congress In Late February -
All You Need To Know Guide To Rosacea -
Princess Diana's Brother 'handed Over' Althorp House To Marion And Her Family -
Trump Mobile T1 Phone Resurfaces With New Specs, Higher Price