DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts across Pakistan, bringing a new level of speed, compliance, and convenience to both cross-border home remittances, and international transactions for freelancers.
This partnership marks a significant milestone in Pakistan’s digital financial landscape, by combining DIB Pakistan’s growing presence and ethical finance with Pocket Money’s user-focused platform. The two companies aim to set a new standard for compliant, accessible cross-border payments. This initiative will bring more of Pakistan’s growing freelance and remote workforce into the formal economy.
Muhammad Ali Gulfaraz, CEO, DIB Pakistan, stated “DIB is committed to enabling innovative, secure, and ethical financial solutions that meet the evolving needs of our customers. Our partnership with Pocket Money represents a meaningful step forward for Pakistan’s digital payments ecosystem, providing a seamless, regulated pathway for US Dollar inflows to reach individuals in Rupees. We believe this will empower freelancers, remote workers, and families across the country with faster, more reliable access to their earnings, while strengthening the formal economy.”
Moe Jangda, CEO, Pocket Money commenting on the occasion, stated, “With DIB Pakistan’s regulated infrastructure, Pocket Money users can now process their US Dollar earnings on a secure and trusted platform. This partnership delivers a defining capability for our users, backed by a name they already know and trust.”
The collaboration is underpinned by formal regulatory approval: following DIB’s application to the State Bank of Pakistan, the specific use case was sanctioned, establishing a fully compliant and regulated framework for the service.
