Nostro - Beta Launch – Individual bank accounts for Pakistan's digital freelancers

Summary: Nostro provides freelancers in Pakistan with individual bank accounts directly on partner banks' ledgers, unlike typical fintech wallets that use pooled accounts. This structure ensures users' funds are separated and protected from freezes caused by other users' violations.

What it does

Nostro issues each customer a real bank account on the partner bank’s core system, holding funds separately rather than in a pooled fintech ledger. This prevents one user’s account issues from affecting others.

Who it's for

It targets freelancers in Pakistan using platforms like Upwork, Fiverr, or Deel who need secure and stable access to international payments.

Why it matters

By providing direct bank accounts, Nostro eliminates the risk of account freezes due to others’ violations, addressing a key problem in existing fintech wallet models.