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Leatherback & MCB Bank to offer remittances and payouts in Pakistan

By Gloria Mathias

April 29, 2024

  • Africa
  • Bank Transfer
  • Cross Border Payments
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Leatherback, FinTech, Cross-Border Payments, Remittances, Mobile Banking App, Pay By Leatherback, Bank Transfer, Neobank, UK, MCB Bank Fintech news,Fintech solutions, Fintecn Business, Pakistan Rupee, PKR, Africa, Fintech Solution APAC, Leatherback has joined forces with MCB Bank to power more business and lifestyle opportunities in Pakistan and the wider South Asia region by enabling easier Pakistani Rupee (PKR) payouts and remittances for its users.

The two organisations will make it easier for businesses, international students, medical migrants, tourists, and other Leatherback users to seamlessly send money to businesses and individuals in Pakistan where it can be instantly received in the local currency.

According to the most recent estimates, trade between Pakistan and Africa is worth $4.18 billion. Following the recent launch of Indian Rupee remittances and payouts on the Leatherback platform, this new partnership connects Leatherback users to more opportunities across the South Asia region, establishing Leatherback as the ideal banking partner to help them access business and lifestyle opportunities around the world.

Ibrahim Toyeeb Ibitade, CEO of Leatherback said, “Our partnership with MCB Bank is another step in our mission to make it much easier for our customers to access the opportunities they desire around the world, removing barriers that were previously in place due to limited payment options. As developing commerce models and the rise of digitisation alter how the world interacts, we are pleased to bring people from all over the world closer together by offering them effective cross-border payment solutions that allow them to trade and enjoy more experiences.”

Omair Safdar, Group Head Wholesale Banking, MCB Bank Limited, shared, “Through our partnership with Leatherback, we’re poised further to enhance the scale of our digital remittance services, empowering customers with seamless and efficient cross-border transactions. This collaboration underscores our commitment to innovation and delivering unparalleled value to our customers.”

Leatherback, with a specific focus on migrants and global citizens, aims to provide robust, cross-border financial services that cater to the needs of individuals and businesses operating across multiple markets, taking advantage of a seamless, digital identity verification process, upfront low transaction fees, real-time competitive FX rates, and a secure, fast, and simple onboarding.

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