Is Perfect Money Banned in Pakistan? Alternatives Explained

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Perfect Money is one of the most popular e-currencies in the world today, especially among traders, freelancers, and business owners who conduct business on a global scale. Perfect Money has been a popular platform among clients due to its ease of use, security, and global accessibility.

However, whether Perfect Money is banned in Pakistan continues to surface, especially with the evolving regulatory landscape of digital currencies.

In this article, we’ll explore Perfect Money’s current status in Pakistan, possible alternatives, and how NafaChange can be a reliable platform for safely and efficiently buying and selling e-currencies.

Is Perfect Money Banned in Pakistan?

While Perfect Money is officially banned in Pakistan, it is not recognized or regulated by the State Bank of Pakistan (SBP). This means that users cannot access Perfect Money through Pakistani banking channels or other officially supported payment methods.

As a result, Pakistani users rely on NafaChange to access Alternatives to Perfect Money in Pakistan.

Alternatives to Perfect Money in Pakistan

If you’re concerned about Perfect Money’s regulatory status, several reliable alternatives provide similar functionalities for e-currency transactions. Below are some popular options, all of which are supported on NafaChange for buying and selling with ease.

1. Payeer

Payeer is a versatile e-wallet offering features like online transfers, currency exchange, and cryptocurrency support. It is an excellent alternative to Perfect Money for both personal and business use.
At NafaChange, you can buy or sell Payeer using local payment options such as Easypaisa, JazzCash, or bank transfers. The platform ensures a seamless experience with quick processing times.

2. Volet (AdvCash)

Volet, also known as AdvCash, is another reliable platform for global payments. It integrates fiat and cryptocurrency transactions, providing a flexible solution for international payments.
With NafaChange, users in Pakistan can deposit funds into their Volet accounts or withdraw them in PKR. Volet’s low transaction fees and user-friendly interface make it a preferred choice for many.

3. Skrill

Skrill is a popular e-wallet service that supports online transactions in multiple currencies, including PKR. It is widely used by freelancers and online shoppers in Pakistan.
Through NafaChange, you can fund your Skrill account or sell your Skrill balance for PKR. This makes Skrill an excellent alternative for secure and hassle-free transactions.

4. Payoneer

Payoneer is a trusted platform for receiving international payments, especially among freelancers, affiliate marketers, and online sellers in Pakistan. Unlike Perfect Money, Payoneer is officially recognized by the SBP and allows withdrawals to local bank accounts.

NafaChange provides an easy way to buy Payoneer funds or sell your Payoneer balance for PKR. Its simplicity and reliability make it a top choice for professionals.

5. PayPal

Although PayPal is not officially available in Pakistan, it remains a widely accepted platform for international transactions. With the help of NafaChange, users can buy or sell PayPal funds securely.

You can convert PKR to PayPal or withdraw PayPal balances using trusted local methods via NafaChange.

6. Wise (Formerly TransferWise)

Wise is an international money transfer platform that offers low-cost remittance solutions with competitive exchange rates. It supports a wide range of currencies, including PKR.

At NafaChange, you can buy Wise funds using local payment methods or sell your Wise balance for PKR. Wise is an efficient and transparent option for global transactions.

How to Buy E-Currencies on NafaChange?

1. Register on NafaChange

Create an account on the NafaChange website by providing your email and setting up a strong password. Complete the KYC (Know Your Customer) process by submitting identification documents like a CNIC or passport for verification.

2. SДlect Your Desired E-Currency

Browse the available e-currencies on the platform. Choose the currency you wish to purchase, such as Payeer, Skrill, Volet, Wise, or PayPal.

3. Choose a Payment Method

SДlect a local payment option like Easypaisa, JazzCash, or a bank transfer to deposit funds in PKR.

4. Deposit Funds

Enter the amount of e-currency you want to buy. Transfer the PKR equivalent using the instructions provided by NafaChange.

5. Confirm the Transaction

Review the transaction details, including exchange rates and applicable fees. Confirm your order to proceed.

6. Receive Your E-Currency

Once the transaction is completed, the e-currency will be credited to your wallet or account.

How to Sell E-Currencies on NafaChange?

1. Log in to Your NafaChange Account

Access your NafaChange account using your registered email and password. Ensure your KYC verification is complete.

2. SДlect the E-Currency You Want to Sell

Navigate to the “Sell” section on the platform. Choose the currency you wish to sell, such as Skrill, Payoneer, or Wise.

3. Choose a Withdrawal Method

SДlect a local withdrawal option like Easypaisa, JazzCash, or a direct bank transfer.

4. Confirm the Sale Order

Double-check the transaction details, including exchange rates and fees. Confirm your order to proceed with the sale.

5. Receive PKR Funds

The PKR equivalent of your sold e-currency will be transferred to your selected withdrawal method.

Conclusion

Although Perfect Money is not officially banned in Pakistan, its lack of regulation and support from the State Bank of Pakistan limits its use. However, reliable alternatives such as Payeer, Volet, Skrill, Payoneer, PayPal, and Wise provide excellent options for secure online transactions.

NafaChange simplifies the process of buying and selling e-currencies, offering secure and efficient services tailored to the needs of Pakistani users. Whether you’re a freelancer, trader, or online shopper, NafaChange provides a safe platform to manage your digital finances without any regulatory concerns.

Perfect Money may have limitations in Pakistan, but with the right alternatives and the services of NafaChange, you can enjoy seamless international transactions effortlessly.

January 23, 2025, 10:20 PM
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