Payoneer and Meezan Bank Enable Global Payments

Payoneer has joined forces with Meezan Bank Limited, Pakistan’s leading Islamic bank, to enhance cross-border payments for Pakistani entrepreneurs, freelancers, and businesses. With this integration, Meezan Bank customers can now link their Payoneer accounts directly to the bank’s mobile app, enabling real-time withdrawals in multiple currencies straight into their local Meezan Bank accounts.

The process is seamless, allowing businesses to receive payments from clients, vendors, and marketplaces worldwide as if they were operating locally. Customers also benefit from transparent FX rates, no hidden costs, multi-currency balance monitoring, quick authentication via SMS, and a straightforward account-linking experience.

A key advantage of this collaboration is the issuance of the Proceeds Realization Certificate (ePRC) with every transaction, a crucial document required for regulatory compliance, tax filings, and export rebates in Pakistan.

Mohsin Muzaffar, Country Manager at Payoneer Pakistan, emphasized that this partnership will provide Pakistani businesses with financial tools to support their global expansion, aligning with the nation’s evolving export landscape. Muhammad Abdullah Ahmed, Group Head of Transaction & International Banking at Meezan Bank, highlighted its commitment to financial inclusion and innovation, reinforcing its role as a strong Islamic banking partner.