How It Works
The complete flow, legal structure included
Every step from a Pakistani bank account to a tap in Riyadh, and exactly which licensed institution is responsible for each one, so the whole flow can be checked, not just taken on faith.
Partner with usThe Legal Structure
WealthOS Wallet doesn't hold money. Three licensed partners do.
WealthOS Wallet is a product built on top of regulated infrastructure, not underneath it. Every riyal and rupee that moves through the app sits inside a licensed institution's account at every point in the flow, safeguarded and reported the way that institution's own regulator already requires.
A Pakistani EMI or Exchange Company
Holds the PKR balance, runs KYC and customer due diligence under the State Bank of Pakistan's AML/CFT regulations, and processes the outward remittance under SBP's Foreign Exchange regulations for travel, Hajj and Umrah, and other permissible purposes, including the documentation and annual-limit checks that apply above the general threshold.
A co-badged card network
PKR-to-SAR conversion and point-of-sale acceptance runs on the existing Visa, Mastercard, and Mada rails already live in both countries, so spending itself needs no new cross-border settlement license, only a card issued onto that network.
A Saudi-licensed payment institution
Issues the SAR e-money balance and the co-badged card, runs the cardless cash-out agent network, and reports under SAMA's Payment Services Provider and e-money regulations, with account connectivity aligned to SAMA's Open Banking framework.
WealthOS itself sits in a technology and orchestration position, not a money-holding one: the app, the KYC flow, and the spend-routing logic are WealthOS's. The balance sheet, the safeguarding account, and the regulatory reporting belong to the licensed partner on each side, the same split every neobank without its own banking license runs on.
Built as Three Surfaces, One System
App, backend, and web app: technically, all three
The legal structure above says who holds the money. This is what actually runs day to day, and which piece a traveler, an agent, or a support team member is touching at any given moment.
The wallet app
Onboarding and KYC capture, balance and transaction history, NFC tap-to-pay via Apple Pay / Google Pay provisioning, physical card management, and cash-out code generation. The thing a traveler actually opens.
The backend
Orchestrates every partner integration: the Pakistani EMI's ledger and remittance API, the Saudi PSP's e-money and card-issuance API, the card network's tokenization service, and the cash-out network's code verification API. Also where FX rates, transaction logging, and AML/sanctions screening actually run.
The web app
An account portal for statements, limits, and disputes without installing anything, and separately, the interface a cash-out agent uses to enter or scan a customer’s one-time code and confirm the cash handed over.
The Complete User Flow
From a Pakistani bank account to a tap in Riyadh
Nine steps cover the whole trip: signing up, funding, holding, spending, and coming home, each one tied to a specific check or a specific licensed party running it.
Sign up and verify
CNIC plus a selfie unlocks a basic tier with SBP’s standard remittance allowance. Adding a passport and a KSA visa, Umrah permit, or ticket unlocks the higher travel-purpose allowance those regulations already provide for.
Link a funding source
A Pakistani bank account, debit card, or Raast-linked mobile wallet.
Load and convert
PKR converts to SAR at a published, mid-market-linked rate with a visible margin shown before confirming. The SAR balance settles within minutes.
Hold in separate balances
PKR and SAR sit as separate sub-accounts inside the wallet. Nothing auto-converts again until spending, cashing out, or converting back.
Get a virtual card instantly
Provisioned in-app the moment funding clears, ready for NFC tap or Apple Pay / Google Pay provisioning before departure.
Order a physical card (optional)
Co-badged and mailed to a Pakistani address, or collected at a partner branch or airport kiosk, for an NFC-less phone or a swipe-only merchant.
Spend in Saudi Arabia
Tap to pay in-app, use the physical card, or generate a one-time cash-out code at a partner agent, all drawing from the same SAR balance.
Every transaction is screened
Sanctions and AML screening run in real time against both regulators’ lists, with spending limits enforced per the KYC tier on the account.
Return, top up, or cash out
Unused SAR stays in the wallet for the next trip, or converts back to PKR and pays out to the linked Pakistani bank account.
What "Multi-Currency" Actually Means
One app, separate balances, no forced conversion
WealthOS Wallet isn't a single balance that happens to display in riyals, it's separate PKR and SAR sub-accounts inside the same app. Loading money converts PKR to SAR once, at the rate shown before confirming. After that, the SAR balance sits untouched, the same way it would in a Saudi bank account, until it's spent, cashed out, or converted back. A later top-up doesn't reconvert the existing balance, and a future currency, USD for a Pakistani expat elsewhere, can sit alongside it the same way.
The Questions People Actually Ask
Regulatory FAQ
Is this legal?
Yes, structured the way every cross-border neobank or travel-card product is. WealthOS Wallet does not hold customer funds directly: it is a technology layer connecting to a Pakistan-licensed EMI or Exchange Company and a Saudi-licensed payment institution, each already authorized by its own regulator, SBP and SAMA respectively, to do the specific thing it does in this flow.
Who actually holds my money?
PKR sits in a safeguarded account at the Pakistani partner institution. SAR sits in a safeguarded e-money account at the Saudi partner institution. WealthOS never commingles customer funds with its own operating accounts.
What are the limits?
Set by the licensed partners' regulators, not by WealthOS. A basic, CNIC-only tier gets SBP's general remittance allowance. A travel tier with a visa, ticket, or Umrah permit unlocks the higher travel-purpose allowance those same regulations already provide for.
What happens if WealthOS shuts down?
Funds stay put. They're held at the licensed partner institutions, not by WealthOS, so a wallet balance is recoverable directly through the partner even if the WealthOS app disappears.
Partner With Us
Be first in line when WealthOS Wallet opens
We're onboarding travelers, pilgrims, and Pakistani residents in Saudi Arabia ahead of launch. Book a call to get early access, or to talk about a partnership.
Partner with us