NS Developers Partners with 1LINK as Non-Banking Initiator with UBL as Settlement Bank
NS Developers has joined 1LINK as a Non-Banking Initiator with UBL as the settlement bank, marking a key step in strengthening cashless transactions and promoting transparency in Pakistan’s digital payment ecosystem.
Karandaaz and SBP Lead Industry Consultation on Digital Payment Escrow Utility to Strengthen Trust in Pakistan’s Commerce
Karandaaz Pakistan and the State Bank of Pakistan held a major industry consultation in Karachi on the Digital Payment Escrow Utility, bringing together banks, fintechs, and e-commerce leaders to strengthen trust and transparency in Pakistan’s digital commerce sector.
1LINK Onboards Element Payment Solutions as Aggregator on 1BILL Platform with MMBL as Settlement Bank
1LINK has onboarded Element Payment Solutions as an Aggregator on its 1BILL platform, with MMBL as the settlement bank. The collaboration enables EPS sub-billers’ customers to make seamless, secure payments, reinforcing Pakistan’s digital payment ecosystem and financial inclusion initiatives.
SBP Designates 1LINK as Official Payment System Operator
The State Bank of Pakistan has designated 1LINK as an official payment system operator, reinforcing its role as a core player in Pakistan’s digital finance infrastructure. The move strengthens oversight and promotes secure, efficient, and inclusive financial services.
Allied Bank Introduces Mobile Tap-and-Pay on UPI-PayPak Cards Through Tokenization Technology
Allied Bank partners with UnionPay International and Paysys Labs to launch mobile Tap-and-Pay functionality using tokenized UPI-PayPak debit cards, setting a new standard in secure, contactless payments in Pakistan.