Payoneer, a U.S.-based financial services firm, has partnered with Meezan Bank, Pakistan’s largest Islamic bank, to streamline cross-border payments for businesses, freelancers, and entrepreneurs.
Meezan Bank customers can now link their Payoneer accounts to the bank’s mobile app, enabling real-time withdrawals in multiple currencies with transparent exchange rates and no hidden fees. This integration simplifies receiving payments from international clients while ensuring compliance through electronic Proceeds Realization Certificates (ePRCs).
Payoneer’s country manager, Mohsin Muzaffar, emphasized the partnership’s role in boosting Pakistan’s digital exports. Meezan Bank’s Abdullah Ahmed highlighted its commitment to financial inclusion and innovation.
As Pakistan’s IT exports grow, this collaboration offers a crucial solution for seamless and compliant global transactions.
