Payoneer and Meezan Bank have joined forces to streamline international payment withdrawals for small and medium-sized businesses (SMBs), entrepreneurs, and freelancers in Pakistan. This collaboration allows Meezan Bank customers to link their Payoneer accounts directly to the bank’s mobile app, enabling real-time withdrawals in multiple global currencies. This integration simplifies cross-border transactions and improves cash flow management, crucial for businesses operating in today’s interconnected global economy.
The mobile app integration provides numerous benefits, including multi-currency balance monitoring, transparent FX rates, and a straightforward account-linking process. Notably, Meezan Bank will provide the Proceeds Realization Certificate (ePRC) with every transaction, ensuring regulatory compliance for Pakistani SMBs engaged in international trade. This is a vital document for tax filing and securing export rebates.
This partnership is particularly timely, given the robust growth of Pakistan’s digital economy. The nation’s IT exports have seen significant year-on-year increases, and the country’s thriving freelance community contributes substantially to foreign exchange reserves. By providing access to seamless international financial management tools, Payoneer and Meezan Bank are empowering Pakistani businesses to expand globally.
The collaboration reflects a shared vision of fostering financial inclusion and driving innovation within Pakistan’s digital economy. The partnership is designed to empower businesses and individuals through responsible and inclusive banking solutions, aligning with ethical and Islamic financial principles.
