ISLAMABAD: Paynoneer the global payment processing system has now opened its wire transfer services for banks in Pakistan.
Anyone with a Payoneer account will be able to transfer funds from their Payoneer account to a local bank account in Pakistan.
This is essentially going to help Pakistani freelancers who face trouble in charging their foreign clients; especially when other popular services dont work in Pakistan, according to a statement.
A Payoneer account can accept payments from anyone in the world.
Earlier Freelancers used to withdraw their funds through Payoneer ATMs, which was an expensive sport, since there’s notable transaction charge of PKR 750 attached with every transaction users do with Payoneer ATM withdrawals.
Now Payoneer users can simply add their Pakistani bank accounts and request for a withdrawal.
The Payoneer account can be used with a MasterCard-enabled prepaid card, so the users are able to draw money from local ATMs that support MasterCard.
In Pakistan, the card is known to work with ATMs of MCB, Standard Chartered, and Faysal Bank. You can check with your local banks and confirm, if this card can be used in their ATMs.
Payoneer also gives you the option to withdraw amount directly to your bank account. Apart from transferring money to one’s own bank account, cross transfers between two Payoneer accounts can also be made which are totally free of costs.
