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Pakistan
| Type | Description |
|---|---|
| Direct to Bank Method |
Direct credit to bank account or finance companies in Pakistan Rupee (PKR)
Supported sender type - Individual and Corporate (Approved business payment only (IT Services)) Supported beneficiary type – Individual |
| Transaction Turnaround Time |
Real Time for the beneficiary account that is registered in IBFT Network. Can be verify via Account validation
T+0 Pakistan Banking days for transaction received before 3.00PM (Pakistan timezone, GMT +5) T+1 Pakistan Banking days for transaction processed and credited after Mon- Fri 3.00pm (Pakistan timezone, GMT +5) Subjected to Singapore office timing and funds being received |
| Area availability | Pakistan nationwide |
| Validation / Verification | Account validation with beneficiary name |
| Account received | Beneficiary received net amount as specified by sender |
| Transaction Limit |
Maximum PKR 1,000,000.00 per transaction
Maximum PKR5,000,000.00 per day Minimum per transaction PKR 10.00 Compliance accumulated limit PKR 2,000,000.00 per day per beneficiary Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit |
| Cancellation Process | Cancellation is on best effort basis |
| Remarks |
Beneficiary name shall be matched with the bank records, transaction will be delayed in processing if the name mismatched.
Only support IBAN Account number |
| Type | Description |
|---|---|
| Cash-out Method |
Cash pick up Pakistan Rupee (PKR) at any supported outlets
Supported sender type - Individual Supported beneficiary type – Individual |
| Transaction Turnaround Time | Within 15 minutes |
| Transaction Working Hours | Business hours: Operating hours for all available cash-pickup locations differ, however normal business hours 9am – 5pm Monday – Friday (Pakistan timezone, GMT+5) is generally available. Selected bank branches and JazzCash agents is also available on Saturday (9am – 1.30pm) |
| Area availability | Pakistan nationwide |
| Validation / Verification |
Beneficiary to provide valid Computerized National Identity Card (CNIC) and Transaction Number and / or Passcode
JazzCash (previously known as Mobicash) m-wallet user can choose to ‘cash-out’ their fund in the wallet with JazzCash agents |
| Amount received | Beneficiary to be received the payout in the nearest PKR 1 |
| Transaction Limit |
Maximum per transaction PKR 300,000.00
Minimum per transaction PKR 10.00 |
| Service Charge | Transaction fee will not be refunded upon submitted to the payout agent |
| Cancellation Process | Cancellation is allowed if the payout is not claim |
| Type | Description |
|---|---|
| Cash-out Method |
Direct credit to e-wallet in Pakistani Rupee (PKR)
Supported beneficiary type – Individual |
| Transaction Turnaround Time |
Transaction received before 6.00PM (Pakistan timezone, GMT +5) Monday to Friday : within 4 Hours
Transaction received After 6.00PM (Pakistan timezone, GMT +5) Monday to Friday : Next Working Day Transaction received before 2.00PM (Pakistan timezone, GMT +5) Saturday : within 4 Hours Transaction received Sunday/Public Holiday : Next Working Day |
| Area availability | Pakistan nationwide |
| Validation / Verification | Account validation based on account or phone number |
| Amount received | Beneficiary received net amount as specified by sender |
| Transaction Limit |
Level 0 KYC customer maximum PKR 25,000.00 per transaction per day. Maximum balance limits PKR 200,000.00 per year
Level 1 KYC customer maximum PKR50,000.00 per transaction per day. Maximum balance limits PKR 400,000.00 per year Minimum per transaction PKR 10.00 |
| Cancellation Process | Cancellation is on best effort basis |
| Remarks | An e-wallet customer can keep a maximum balance amount according to their KYC Level, defined by State Bank of Pakistan. Therefore, maximum per transaction may subject to max balance amount of beneficiary |