Loan Apps with “Easy” or “Cash” Names Unrelated to Easypaisa and JazzCash

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The rising concern over loan apps with names similar to established mobile financial services, Easypaisa and JazzCash, has prompted companies to clarify that these loan apps have no affiliation with either Easypaisa or JazzCash. Both Easypaisa and JazzCash are well-established and regulated digital financial services in Pakistan, while the unauthorized loan apps bearing “Easy” or “Cash” names are not recognized by the State Bank of Pakistan.

As digital finance gains popularity, numerous loan apps have emerged in the market, offering quick and hassle-free loans to individuals in need of urgent financial assistance. However, users are strongly urged to exercise caution and conduct thorough research before utilizing services from such loan apps. The lack of registration and authorization from the State Bank of Pakistan raises concerns about the legitimacy and security of transactions.

Relevant Read: Rising Fraud Plagues JazzCash and easypaisa in Pakistan’s Mobile Financial Services Sector

Easypaisa and JazzCash both are highly reputed mobile financial service platforms that have received official approval from the State Bank of Pakistan. They strictly adhere to regulatory guidelines and offer a comprehensive range of services, including mobile money transfers, bill payments, mobile top-ups, and more, making them trusted platforms for millions of users across the country.

In response to the growing concern over unregulated loan apps, the State Bank of Pakistan has issued a cautionary advisory to the public. Individuals are strongly advised to only avail financial services from reputable and registered entities to protect their financial interests. As the digital finance landscape continues to evolve, it is crucial for users to stay informed and make educated decisions when using financial services from mobile apps. Ensuring the legitimacy and security of the platform is paramount to protect against potential fraud or misuse of personal information. The public is also encouraged to report any suspicious activities or fraudulent loan apps to the relevant authorities for necessary action.

In light of the risks posed by unauthorized loan apps, the Pakistan Telecommunication Authority (PTA) and the State Bank of Pakistan have recently taken action and banned several loan apps that were found to be unregistered and operating without proper authorization.

The list of banned loan apps includes:

  • Superb Loans
  • Fair Loans
  • Plati Loans
  • UrCash
  • MyCash
  • Debit Campsite
  • Loan Credit Cash
  • Easy Mobile Loans
  • Fori Qarz Online Personal Loan
  • Easy Loans Credit Fast Pay
  • Little Cash- Mobile Loans
  • FinMore- Online Credit Loans
  • ZetaLoan- Easy Credit Wallet
  • Qarza Pocket -Personal Funds
  • Asaan Qarza- credit loans
  • Fast Loan
  • Harsha Tube – Quick Money
  • Loanclub
  • Tazza Centre – Get Money Soon
  • Aasan Lab – Easy Apply Money
  • CashCredit-Online Loan money bee
  • Galaxy Loan
  • TiCash
  • CashPro-Immediate Approval
  • Rose Cash – Loan Cash
  • HamdardLoan
  • Bee Cash
  • Yocash
  • Sallam Loan – Online Loan App
  • Whale
  • Zenn Park -Easy Instant Help
  • Get Welfare
  • LendHome
  • QuickCash
  • Mrloan
  • 567 Speed Loan
  • Rico Box – Easy Apply Online
  • Fori Instant Loans
  • 99 Fast Cash Loan
  • Apple Qist Qarz
  • BG Loan
  • Swift Loans

Authorities continue to closely monitor the digital finance ecosystem and take necessary measures to protect consumers from fraudulent or unauthorized financial services.

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