Ch # 05
ICT in Personal Finance and Shopping
1. Online Banking and Financial Management Tools
Online banking and financial management tools have revolutionized
the way people handle their finances. These platforms provide easy access
to money transfers, bill payments, and other financial services without the
need to visit physical locations.
Below are some commonly used tools in Pakistan:
1. JazzCash: A mobile wallet that offers a variety of services such as:
Sending and receiving money.
Paying utility bills.
Mobile top-ups and purchasing data packages.
It also allows cash withdrawals from JazzCash agents and ATMs.
2. Easypaisa: Pakistan’s first branchless banking solution. Key features
include:
Peer-to-peer money transfers.
Payment of school fees, electricity, gas, and water bills.
Online shopping through Easypaisa payment gateways.
3. Zong PayMax: A financial solution designed to offer:
Quick money transfers.
Bill payments.
Recharge options for mobile credit.
Other services similar to JazzCash and Easypaisa.
4. ILINK and MNET
ILINK: A platform for managing interbank transactions and financial
settlements.
MNET: A network providing secure connections for banking services such as:
ATM sharing.
Internet banking and mobile payments.
Facilitates financial transactions between different banks.
5. Keenu Wallet: A digital wallet app designed for easy payments.
Features include:
Secure and cashless transactions.
Quick money transfers.
QR code scanning for payments at participating merchants.
Benefits of These Tools
i. Access your finances anytime, anywhere.
ii. Transactions are encrypted to prevent fraud.
iii. Instant transfers and payments without waiting in long queues.
iv. Saves time and travel expenses by avoiding bank visits.
2. E-Commerce Platforms
E-commerce platforms are online marketplaces where people can buy and
sell goods and services. These platforms have simplified shopping by
allowing users to browse products, compare prices, and order items from the
comfort of their homes.
Here are some popular e-commerce platforms in Pakistan:
1. Daraz.pk
Features:
Offers a wide range of products including electronics, clothing, home
appliances, and groceries.
Provides regular sales, discounts, and flash deals.
Offers secure payment options such as cash on delivery, debit/credit
cards, and digital wallets.
Easy-to-use mobile app for convenient shopping.
2. Telemart
Features:
Specializes in electronics like mobile phones, laptops, and cameras, but
also offers fashion and lifestyle products.
Provides installment plans for expensive gadgets.
Secure online payment and cash on delivery options.
3. Shophive
Features:
Focuses on electronics such as laptops, desktops, and other IT
products.
Offers a user-friendly website with detailed product descriptions.
Provides home delivery and warranties on electronic items.
Payment options include cash on delivery, bank transfers, and online
payments.
Benefits of E-Commerce Platforms
i. Shop from home or on the go using mobile apps or websites.
ii. Access to various categories in one place.
iii. Easily compare prices to get the best deals.
iv. Items are delivered to your doorstep, saving time and effort.
It’x Nasir Khan
