PayFast and PayPak launch e-commerce discount campaign for PayPak cardholders across Pakistan
PayFast and PayPak have partnered to launch an exclusive e-commerce discount campaign for PayPak cardholders, aimed at encouraging digital payments and boosting Pakistan’s online shopping ecosystem.
1LINK Engages Banking Sector Through Industry Webinar to Strengthen Pakistan’s Digital Payments Ecosystem
1LINK hosted an Industry Engagement Webinar for member banks, sharing insights on its performance, products, and value-added services to drive innovation, agility, and inclusion in Pakistan’s digital payments infrastructure.
SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.