Zinidigi lets you open a new bank account without visiting a branch.
Tell me more: After you download the app, enter your CNIC number and other relevant details to signup. You will then get a one-time password, allowing you to choose a pin.
An IBAN is generated, and your account number is your phone number through which you can add money.
The app allows you to:
- transfer funds
- make local and international payments
- send international remittances
- make investments in stocks and mutual funds
- buy tickets for events, bus travel, and airplane tickets
- request people to send money to your account
You can also order a debit card through the app.
You should know: Zindigi is trying to stand out from other digital banking apps by offering features like customization of widgets and themes.
It also has a Z-Store, an e-commerce store that lets you shop directly from the app with a MasterCard Virtual Card.
Before you go: JS Bank intends to target millennials and Gen-Z with Zindigi. The name is a play on two words, Digital and Zindagi.
Big picture: The first-mover advantage will benefit JS Bank in a market that will become more saturated with RAAST adoption. Zindigi sounds promising and gives us a glimpse into the future of banking in Pakistan.