February 01, 2019: In a bid to accelerate enablement of advanced digital payment methods, 1LINK (Pvt) Limited (1LINK) has engaged Paysys Labs (Paysys) to implement the platform – 1Bridge. This implementation shall facilitate 1LINK to swiftly enable member banks in providing ubiquity of cash withdrawal through 1LINK- 1ID (biometric interoperability scheme) and greater flexibility for payments through Request to Pay (RTP), fulfilling the long running request to launch a direct debit variant in Pakistani payments space. The signing ceremony was held at 1LINK’s head office in Karachi.
With the enablement of 1LINK-1ID, member banks’ ADCs customers can benefit from the biometric cash withdrawal scheme, which enables customers to withdraw cash from their account/mobile wallet via any participating member banks’ ATMs and branchless banking agents through biometric verification. Consumers and businesses will also have greater flexibility for payments with 1LINK-1RTP, as they will be able to generate direct debit request which will be approved by the payer.
On the occasion, Mr. Najeeb Agrawalla, CEO 1LINK said, “1LINK is committed to introduce cost effective digital payment solutions for masses while focusing on increasing digital payments adoption. 1LINK-1ID and 1LINK-1RTP initiatives have potential to proliferate digital payment use cases, while ensuring simplified onboarding on member banks end. We are confident that this solution shall enable banks to seamlessly adopt 1LINK-1ID and 1LINK-1RTP solutions without exorbitant cost or time delays.
While sharing his thoughts, Mr. Karim Jindani, CEO Paysys said, “For us, it’s all about giving our clients access to the modern and secure payment solutions irrespective of the medium the customer chooses to use. As a FINTECH, we must be agile to adapt and offer solutions that align with changing customer behavior. In this evolving landscape, 1LINK-1ID and 1LINK-1RTP platform is the need of the hour. Through this platform, end customers will be able to go card-less and use a faster and reliable payment method. We are extremely excited to be a part of this project and hope this association with 1LINK goes a long way for future endeavors.” Mr. Ali Abbas Sikander co-founder and Director, Paysys was also present on the occasion.
1LINK (Private) Limited, owned by a consortium of 11 banks, is the country’s 1st PSO/PSP and largest switch and payment system, providing a host of valuable online banking services like ATM switching, Bills Payment, Inter Bank Funds Transfer, Fraud Risk Management, Switch Dispute Resolution, Global Payment Schemes, PayPak – Domestic Payment Scheme, etc. 1LINK is continuously evolving and adding new products and services to benefit the financial industry.
For more information, please visit http://1link.net.pk/
About Paysys Labs
Paysys Labs is a boutique payments and retail, Digital Financial Product Development and Project Management company located in Karachi, Pakistan. It provides reliable and secure technology platforms that enable Banks, Telcos and Businesses to offer their customers a vast array of payment types, across multiple channels, anywhere at any time.
For more information, please visit http://paysyslabs.com/