Pocket offers Pakistani users a dedicated US‑dollar account that accepts ACH, wire, and SWIFT deposits, enabling them to receive and hold USD without fees. The service includes a free Visa‑compatible Pocket Card for tap‑to‑pay purchases wherever Visa is accepted, and a cash‑out feature that converts USD to Pakistani rupees and transfers to any local bank account or IBAN. All features are free with no monthly charges.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses in Pakistan often lack a straightforward way to receive and hold payments in US dollars without maintaining a US bank account, leading to high fees, currency conversion delays, and limited access to international payment platforms.
Solution
Pocket offers Pakistani users a dedicated US‑dollar account that can receive ACH, wire, and SWIFT deposits directly, eliminating the need for a US‑based bank. A free Visa‑compatible Pocket Card linked to the account enables instant spending of USD at any merchant that accepts Visa. Users can convert any remaining USD balance to Pakistani rupees by transferring to any local bank account or IBAN, with the service operating without monthly fees or hidden charges. The platform provides a seamless, borderless payment experience for freelancers, remote workers, and businesses that need to receive and use USD in Pakistan.
Target Audience
Primary customers are freelancers, remote workers, creators, and small to medium businesses in Pakistan that receive income in US dollars and need a low‑cost way to spend or convert those funds locally.
Features
- Named USD account with routing and account numbers for ACH, wire, and SWIFT deposits
- Free Visa‑compatible Pocket Card for instant, card‑present payments worldwide
- In‑app conversion of USD to PKR with transfers to any Pakistani bank account or IBAN
- No monthly fees, no hidden charges, and transparent pricing
- Support for popular international payment sources such as PayPal, Payoneer, MoneyGram, and Upwork via direct bank transfers