SimSim is a digital wallet application developed by Finja Pakistan which allows you to perform transactions by simply scanning the QR code. This practice is common throughout the world and in particular, China where you can even buy everyday groceries from almost each and every shop.
SimSim comes under Fintech which is regarded as an emerging segment in IT and banking which will revolutionize the way we perform our transactions every day. Even in Pakistan if you go to some popular shops, you will find QR codes through which you can perform payments and ditch the traditional cash shopping.
So how can you perform transactions using SimSim? Let us explore it step by step:
- Signing Up
- Adding Funds
- Performing Transactions
- Other App Features
1. Signing Up
As you can see in the picture above, the sign up involves verifying your phone number which will be the primary identifier used for performing transactions aside from the MicroFinance Banking IBAN. SimSim binds your app closely with your device ID for more security. Once you have put in your phone number, you will receive a verification code and you can proceed to verify your identity.
The signup process is a little long and will frustrate users but after you have crossed that hurdle, SimSim has a lot in store for you. You will need to submit a picture of your CNIC and along with other information for verification of your SimSim account.
Once you are done, you will have the following home screen in front of you:
2. Adding Funds
To start using your SimSim app, you will need funds. There are two easy ways which I personally use:
- Transfer funds from your existing bank account to SimSim via IBAN (International Bank Account Number).
- Transfer funds from another SimSim user.
For other methods, you can simply use the “+ Add money” option from the screen above and there are video tutorials highlighting different methods of funds transfer.
For Bank Transfer method, you can use the IBAN which is available on the sidebar. Simply use your mobile banking application and enter the IBAN to transfer as much money as you want. Interbank transfer costs apply here.
For the second method, you can ask another SimSim user to transfer funds to your account for zero charges. In the home screen, simply select the “Send Money” option. You will get a window as below:
Just enter the mobile number of the recipient and the amount you want to transfer and that’s it!
3. Performing Transactions
There are a great number of transactions you can perform using the SimSim app. If you spot a banner where a SimSim QR code is visible, simply open up the app and click on the animated QR code button. You will be prompted to scan the QR code via the app and it will open up the merchant profile. You will be asked to transfer an amount to the merchant which the retailer will specify to you and your payment will be processed in just an instant.
4. Other App Features
The SimSim App is loaded with features. It’s not just a banking application, SimSim has a vast catalogue of products from various brands through which you can order products directly at your home. In addition to that, you can instantly top-up your mobile balance through the app. You can also purchase tickets for movies for various cinemas throughout the country as well as performing event reservations and pay for Daewoo bus bookings as well.