HabibMetro Bank Signs Agreement with 1LINK To Launch PayPak Debit Card
Mr. Sirajuddin Aziz, President & CEO, HabibMetro Bank, Mr. Najeeb Agrawalla, CEO of 1LINK, Mr. Khadim Ali Nanji, Head of Operations, HabibMetro Bank, Mr. Bashir Khan, Head of Operations, 1LINK, Mr. Syed Abu Tufail, Head of IT, HabibMetro Bank and Mr. Shams Izhar, Head of Risk Management, HabibMetro Bank along with their colleagues at the signing ceremony.
In an initiative to enhance financial penetration and broaden access to formal financial services in Pakistan, Habib Metropolitan Bank Limited (HMB) signed an agreement with 1LINK (Guarantee) Limited, an interbank payment network service provider in the country, to issue PayPak Debit Cards.
PayPak is the first domestic payment scheme in Pakistan that is aimed at providing an indigenous, cost-effective alternative to international payment solutions. PayPak is geared towards improving the access to ATMs and point-of-sale terminals across the country and complements the State Bank Of Pakistan’s objective of greater financial inclusion in the country.
Commenting on the occasion, Mr. Sirajuddin Aziz, President & CEO, Habib Metropolitan Bank, stated “PayPak is an excellent local payments alternative that enhances the outreach of financial services in Pakistan.” Further present at the event, Mr. Khadim Ali Nanji, Head of Operations, HMB stated that “HabibMetro Bank is pleased to join hands with 1LINK and contribute towards shaping a more inclusive financial landscape that better supports sustainable economic growth in Pakistan.”
Mr. Najeeb Agrawalla, CEO of 1LINK commented, “1LINK welcomes HabibMetro Bank’s initiative of issuing PayPak Debit Cards. Together, we endeavour to serve the unbanked population of the country through efficacious payment solutions.”
1LINK (Guarantee) 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.
Habib Metropolitan Bank Limited (HMB), commenced its operations in 1992 and operates in all major cities of Pakistan. The bank is a 51% owned subsidiary of HBZ Group. The Bank ranks within Top 10 in Pakistan with a strong vision to be the most respected Financial Institution. HMB has its primary focus on retail banking and trade finance and offers highly innovative E-Banking solutions and Consumer Banking to its customers. The Bank’s Islamic Banking Division is fully capable of catering to customers seeking Shariah compliant products.https://www.technologytimes.pk/habibmetro-bank-signs-agreement-with-1link-to-launch-paypak-debit-card/News1LINK,Agreement,Bank,Card,debit,habibmetro,launch,paypak,SignsMr. Sirajuddin Aziz, President & CEO, HabibMetro Bank, Mr. Najeeb Agrawalla, CEO of 1LINK, Mr. Khadim Ali Nanji, Head of Operations, HabibMetro Bank, Mr. Bashir Khan, Head of Operations, 1LINK, Mr. Syed Abu Tufail, Head of IT, HabibMetro Bank and Mr. Shams Izhar, Head of Risk Management, HabibMetro Bank...Technology TimesTechnology Times email@example.comAdministratorTechnology Times is Pakistan's First Newspaper on Science and TechnologyTechnology Times