iKobo the prepaid VISA card for international money transfer to 170 countries has launched a new service, iKobo for business. This service is similar to Payoneer’s partner program in which US based companies can send payments to associates (employs, freelancers, affiliates) worldwide. How does it work? iKobo partners can load their iKobo account with funds from your U.S. bank account Distribute [...]

Today Payoneer support provided details regarding ban and it appears that this ban is limited in nature, its not complete ban for Pakistani cardholders. So please don’t through away your card, keep it as you can still use it partially and have good hopes that this problem may get fixed soon. Due to a change in requirements from our regulators, we are no longer able to issue cards to some countries [...]

With Payoneer banning Pakistan, Pakistani freelancer community is very desperate and looking to find ways to solve this problem. First step was to recognize problem, which I discussed here. It happened due to expiration of anti-money laundering ordinance of 2008 and right now Pakistan is lawless when it comes to anti-money laundering & anti-terrorist funding laws. This caused US authorities to [...]

Like every other Payoneer user from Pakistan I became insane after reading support email. However after coming to senses I had done some research about why Payoneer blocked Pakistan. Many readers left comments on earlier post about Payoneer ban for doing protest to Payoneer. Friends you do not need to protest Payoneer, don’t even have to blame them and they can’t help us in this situation. [...]

31 minutes earlier I received an ominous email from Payoneer support stating that users from certain countries including Pakistan can no longer use their Payoneer card due to new anti-money laundering laws by US government. Due to a change in requirements from our regulators, as of June 1, 2010 Payoneer cards will be blocked for transactions in the countries listed by the US government as [...]