pandemic year 2020, the stats increases.akistan’s freelancing industry is on the rise. The year 2018 recorded 1.5 Million freelancers in the country. While in the
The reason can be the awareness through Digiskills.pk or teachers like Hisham Sarwar who are continuously working to spread freelancing in Pakistan.
But with the rise of freelancers, there comes a big problem – the payment method. You either need a Payoneer card or a Paypal to withdraw payment from the freelancing sites. And whenever you withdraw payment, you’re either asked for its authenticity or charged an additional amount.
There’s an obvious lagging in the payment methods which limits the growth of freelancers in Pakistan.
But thanks to JS Freelancer account for recognizing the freelancers and giving them the ease to work and earn with flexibility.
JS Bank is one of the fastest-growing banks in Pakistan with both a national and international presence. And now they have come forth to facilitate freelancers.
JS Current Freelancer account is solely dedicated to the freelancers of Pakistan. It allows you to receive instant payment without any service charges or additional fees.
You only need to show your income screenshot and the bank will process your request further.
No need for a job letter from any organization, the screenshot will do the part.
Isn’t that great news?
Their freelancer account is started with 6 major eCommerce platforms which are
This means, if you’re a freelancer on one of these platforms or even at all of them, then JS freelancer account is best for you.
What are the Benefits of JS Freelancer Account?
- Your freelancing income will be recognized as the social proof of your earnings
- You’ll get a free EPRC (Electronic Proceeds Realization Certificate) on each transaction
- No withdrawal charges or ATM fees
- You can easily receive international remittances on your phone
- Fee waivers on international online purchases
- Free Inter-bank funds transfer
- Opportunity to avail car and business loans
- Discounts and deals
- No minimum balance required
These are the great perks because Pakistan’s freelancing industry has evolved in the last two years especially in 2020.
Many 9 to 5 employees quit their mundane jobs and opted as a full-time freelancer in 2020. According to a Payoneer report, Pakistan is the fourth most popular country for freelancing. From August 2018-2019, the nation recorded 47% increase in freelancing revenue. It’s also ranked in the top five countries in software development and technology.
With that edge, if banks and the government work to empower the freelancers and emerging entrepreneurs, we have the potential to reach the top position.
How to Apply for JS Freelancer Account?
- Open this link for JS Freelancers Current Account
- Click on Apply Now
3. Enter your details and Submit.
The bank will contact you for the next step. You can also call on their helpline to receive information about your account.
Even if you hire people on the freelancing platforms, you’ll be able to pay them without any hassle.
Also, the bank allows international remittances from 40+ countries.
The account is meant to make freelancing effortless so one can easily work while travelling.
Earlier, JS Bank also Introduced PaySend – Freelance Wallet for Freelancers
JS Bank partnered with Paysend, a UK-based international, money transfer startup to launch mobile payment method in Pakistan for freelancers under the leadership of State Bank of Pakistan.
It allows payment to be send all across Pakistan using the phone number. Similar to Jazz Cash and Easypaisa, it’s an alternate method of Paypal that lets you send and receive payments from 40+ countries.
To start with this service, you can open your account with your mobile number and by visiting the nearest branch for biometric verification.