Leatherback, MCB Bank partner on Pakistan Rupees remittances and payouts

Leatherback and MCB Bank have collaborated to facilitate easier remittances and payouts in Pakistan Rupees, enhancing opportunities for businesses and individuals across Pakistan and South Asia. This partnership enables seamless transactions for Leatherback users, including international students, tourists, and businesses, to send money to Pakistan effortlessly through Leatherback’s SendR remittance solution. With Pakistan ranking sixth among top remittance-receiving countries, this partnership expands Leatherback’s reach in the South Asia region, following its recent launch of Indian Rupee remittances. Ibrahim Toyeeb Ibitade, CEO of Leatherback, emphasizes their commitment to breaking down barriers and providing effective cross-border payment solutions, while Omair Safdar, Group Head Wholesale Banking at MCB Bank, highlights the collaboration’s focus on delivering innovative and efficient digital remittance services. Leatherback, headquartered in London and regulated across multiple markets, aims to serve the needs of migrants and global citizens by offering secure, low-cost, and convenient cross-border financial services. With over 50,000 customers and growing, Leatherback is projected to handle $500 million in monthly transactions by the end of 2024, backed by its FCA authorization, PCI DSS compliance, and ISO certification.