Pakistan Introduces 2-Hour “Cooling Time” for Mobile Wallets Like JazzCash & Easypaisa
The State Bank of Pakistan (SBP) has rolled out a new safety measure for digital payments across popular mobile wallet services such as JazzCash and Easypaisa. Starting now, when you send money to someone, the recipient won’t be able to withdraw or spend that amount for two full hours after receiving it 1.
This short waiting window is officially called the “Cooling Time” 3. Its main goal? To give senders a chance to act quickly if they accidentally transfer funds to the wrong number—or if they fall victim to a scam.
For example, if you mistakenly send PKR 10,000 to an incorrect mobile number, you now have 120 minutes to contact your service provider or file a complaint with the bank to potentially reverse or block the transaction before the recipient can cash it out 5.
This rule applies specifically to branchless banking wallets, meaning it affects P2P (person-to-person) transfers made through mobile financial services—not regular bank-to-bank transfers 7.
While this may slightly delay instant transactions, the SBP believes the trade-off is worth it: fewer fraud cases, fewer irreversible errors, and greater trust in digital payments across Pakistan 6.
For crypto traders using P2P platforms like Binance to buy or sell USDT or BNB via JazzCash or Easypaisa, this update means extra caution is needed. Always double-check wallet details and confirm recipient info before sending fiat—because once the cooling window closes, the money is gone for good.