India's UPI vs Pakistan's JazzCash: Which is better and how?
Pavan Naidu
The Reserve Bank of India (RBI) will soon be enabling the new UPI-based cash deposit facility. With the help of this facility, Customers can easily deposit cash at cash deposit machines (CDMs) at banks and ATMs through their UPI app.
Today, the UPI has made India one of the world's leading digital economies. Countries including France, Oman, and UAE have also started accepting India’s UPI.
In contrast, Pakistan also has its own digital wallet company called JazzCash.
Launched in 2012, JazzCash was formerly known as MobiCash. The company’s CEO is Aamir Ibrahim.
India's UPI service has emerged as a more advanced digital payment solution compared to Pakistan's JazzCash.
The UPI system in India offers seamless transactions, instant transfers, and a wide range of services, making it a preferred choice for millions of users.
On the other hand, Jazzcash in Pakistan is improving and is transforming the digital financial landscape in Pakistan.