- Supported Modes
- B2P, P2P
- Supported Currencies
- PKR
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks in Pakistan
- Cutoff & delivery timing
-
1. Payments to Freelancers - USD 25,000 per Beneficiary per month.
2. Pension payments - USD 25,000 per Beneficiary per month.
3. Real Time, 24x7 for up to 1 Mn PKR
4. Same Day subject to cutoff of 16:00 local time.
- Account Verification
-
Can verify both the bank account number and the account holder's name.
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Number Remitter Identification Type Remitter City Remitter Country Code Remitter Contact No Remitter Address Beneficiary Name Beneficiary Account Number (IBAN) Remit Purpose Code Beneficiary Bank Code Beneficiary Account Type Beneficiary Country Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Remitter name will be visible to the beneficiary. Visibility of Standard Statement Narration is missing.
- Notes
-
If account number is not IBAN, transaction will not be processed in real time. Where Beneficiary Name does not Match with Account Name, transaction goes in T+1. Transactions originating from India (IN), Pakistan (PK) & Israel (IL) is not supported
| B2P | P2P | |
|---|---|---|
| Min | 0 | 0 |
| Max | No limit | No limit |
- Supported Modes
- P2P
- Supported Currencies
- PKR
- Channels
- Jazz Cash,Easy Paisa, Sadapay
- Cutoff & delivery timing
-
Realtime, 24x7
- Mandatory data requirements
- Remitter Name Remitter Identification Number Remitter City Remitter Contact Number Beneficiary Name Remit Purpose Code Beneficiary Account Type Remitter Account Type Remitter Identification Type Remitter Country Code Remitter Address Beneficiary Account Number Beneficiary Country Code Payout Method - WALLET Routing Code Type 1 – WALLET Routing Code Value 1
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Notes
-
The maximum amount depends on the KYC done by beneficiary. Maximum for Level 0 KYC - PKR 25,000 and Level 1 - PKR 50,000.
| P2P | |
|---|---|
| Min | 0 |
| Max | PKR 50,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary Postcode Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. NIUM does not support OUR charge type for CAD currency WIRES Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |