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has mandated that all commercial banks in
Pakistan, both foreign and domestic, become members of 1LINK. Additionally, the four switches have been interconnected since 2006, which means that a consumer holding an ATM or debit card issued by any bank in Pakistan may use any ATM located throughout the
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vision 2020 to enhance and promote financial inclusion, 1LINK launched
Pakistan’s first domestic payment scheme – PayPak in April, 2016.
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1LINK was converted to a
Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018.
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The number of 1LINK member banks has increased rapidly since the inception of the company in 2004.
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1LINK is owned by the consortium of eleven major banks of the country and operates through a chief
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Inter bank funds transfer among more than 3000 branches of participating IBFT Banks nationwide.
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Strength of 38 banks, including all
Islamic banks of the country and microfinance institutions.
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circular for the mandatory connectivity of either of the two switches (1LINK or
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connected their ATM network to provide expanded services to their customers.
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527:"SBP wants the cheap PayPak to be the default debit card; the banks don't"
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Pakistan’s largest ATM switch with 16,000+ ATMs in 200+ cities nationwide.
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Monthly PKR 388 million (approximate) transfer of funds among IBFT banks.
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in
Pakistan and is incorporated under the Company Law, Section 42 by
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has 10% of market share in terms of volume of cards in the market.
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Year 2006: 1LINK launched Inter Bank Funds
Transfer Service (IBFT)
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Year 2003: 1LINK formed with a consortium of eleven founder banks.
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Volume of PKR 14.8 billion (monthly average) of ATM withdrawal.
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of major banks that own and operate the largest representative
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Year 2007: 1LINK launched
Utility Bill Payment Service (UBPS)
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1LINK is the largest banking consortium in
Pakistan. The
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158:Security and Exchange Commission of Pakistan
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73:Learn how and when to remove this message
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227:. The company Board consists of eleven
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34:contains content that is written like
231:, one from each founder member bank.
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199:Year 2004: SBP instructed 1LINK and
206:Year 2005: 1LINK partnership with
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309:Inter Bank Funds Transfer (1IBFT)
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338:PayPak - Domestic Payment Scheme
333:Switch Dispute Resolution System
203:to interconnect with each other.
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373:have 25% each of market share.
254:1Link logo on UBL Wiz Visa Card
1080:Armed Forces Financial Network
16:Pakistan-based bank consortium
1:
210:using cutting edge technology
1040:European Payments Initiative
921:Allied Irish Banks Banklink
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454:"1Link -Business Partners"
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312:Bill Payment Service (BPS)
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1045:Single Euro Payments Area
479:"1Link -Product Services"
315:SatNav (GPS) Connectivity
90:
1075:Alberta Regional Network
1015:(Bosnia and Herzegovina)
531:Profit by Pakistan Today
430:"State Bank of Pakistan"
406:"State Bank of Pakistan"
763:Dutch Bangla Bank Nexus
262:Affiliates Members - 06
799:Saudi Payments Network
350:State Bank of Pakistan
271:Exchange Companies -04
255:
244:State Bank of Pakistan
805:Shetab Banking System
301:Products and Services
265:White Label ATMs - 01
253:
138:https://1link.net.pk/
55:neutral point of view
1141:Accel / The Exchange
951:Bankcard-Servicenetz
1318:Banking in Pakistan
811:The Benefit Company
87:
47:promotional content
1333:Interbank networks
1328:Banking technology
1013:BH Mreža bankomata
579:Interbank networks
306:Shared ATM Network
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208:Visa International
49:and inappropriate
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1035:Euronet Worldwide
259:Member Banks - 37
225:executive officer
154:interbank network
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1100:Discover Network
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992:(United Kingdom)
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501:. Archived from
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36:an advertisement
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100:Operating area
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63:September 2024
51:external links
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1023:International
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505:on 2019-07-23
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348:In line with
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268:Billers - 730
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235:1LINK Members
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32:This article
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1246:Banco24Horas
765:(Bangladesh)
656:(Bangladesh)
535:. Retrieved
533:. 2021-01-24
530:
507:. Retrieved
503:the original
493:
482:. Retrieved
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462:. Retrieved
458:the original
448:
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413:. Retrieved
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222:
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145:
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69:
60:
45:by removing
41:Please help
33:
1258:A Toda Hora
1254:(Argentina)
1180:Cardtronics
968:Carte Bleue
863: [
851: [
839: [
826: [
777:(Sri Lanka)
744:(Hong Kong)
707:(Singapore)
677:ATM Bersama
673:(Indonesia)
185:Year 2002:
180:Askari Bank
174:Year 1999:
1312:Categories
1260:(Colombia)
1151:First Data
1003:(Portugal)
1001:Multibanco
956:Cash Group
947:(Germany)
933:Bancontact
795:(Malaysia)
737:Nationlink
662:(Pakistan)
631:Multicaixa
537:2021-02-19
509:2021-01-25
484:2021-01-25
464:2021-01-25
439:2021-01-25
415:2021-01-25
389:References
367:Mastercard
276:Statistics
247:country.
150:consortium
43:improve it
1270:GlobalNet
1266:(Uruguay)
1197:Interlink
1146:MoneyPass
1009:(Finland)
974:KoronaPay
935:(Belgium)
923:(Ireland)
813:(Bahrain)
650:(Armenia)
587:Worldwide
581:by region
365:has 40%,
229:directors
1296:Category
1248:(Brazil)
1185:Allpoint
1070:Acculink
1030:Eufiserv
996:Vocalink
985:Sbercard
976:(Russia)
970:(France)
961:CashPool
945:Girocard
939:Currence
927:Bancomat
890:CashTree
876:Euronet
817:UnionPay
775:LankaPay
771:(Israel)
769:Isracard
633:(Angola)
377:See also
371:UnionPay
176:ABN AMRO
169:Timeline
160:(SECP).
104:Pakistan
1278:(Chile)
1276:Redbanc
1252:Banelco
1223:Oceania
1204:Presto!
1170:Interac
1050:TARGET2
929:(Italy)
885:Cashnet
880:(India)
832:(Japan)
819:(China)
726:BancNet
711:EZ-Link
700:ATM BNI
691:ATM BCA
627:(Egypt)
164:History
134:Website
126:Founded
121:14,000+
110:Members
1272:(Peru)
1264:Banred
1230:EFTPOS
1209:SHAZAM
1136:fiserv
1090:CarIFS
914:Europe
807:(Iran)
793:PayNet
696:Treats
618:Africa
599:Cirrus
361:While
356:PayPak
344:PayPak
1214:Zelle
1193:Visa
1105:Pulse
1007:Otto.
905:RuPay
878:BANCS
872:Yucho
867:]
855:]
848:LONGS
843:]
836:BANCS
830:]
786:CEFTS
781:SLIPS
758:JETCO
742:CHATS
716:MEPS+
687:PRIMA
660:1LINK
654:BEFTN
609:SWIFT
383:Raast
318:1BILL
148:is a
146:1Link
86:1Link
1156:STAR
1124:NYCE
1110:TYME
990:Link
895:MITR
883:FIS
860:MICS
721:NETS
682:Link
671:ALTO
666:MNET
648:ArCa
641:Asia
604:Plus
369:and
363:Visa
330:BCCP
327:FRMS
201:MNET
191:MNET
178:and
129:1999
118:ATMs
1175:NCR
1161:MAC
1129:SUM
1119:FIS
1085:ATH
980:Mir
900:NFS
823:ACS
753:FPS
748:EPS
732:ENS
705:atm
625:123
594:CLS
324:1ID
321:1QR
187:SBP
1314::
865:ja
853:ja
841:ja
828:ja
529:.
518:^
432:.
408:.
397:^
193:).
113:37
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61:(
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39:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
