The State Bank of Pakistan (SBP) has officially notified 1LINK (Private) Limited as a Designated Payment System under Section 4(1) of the Payment Systems & Electronic Funds Transfer Act, 2007.
According to a notification issued by the central bank today, the designation takes immediate effect.
This move marked a significant step in strengthening Pakistan’s financial infrastructure, as 1LINK plays a critical role in the country’s payment ecosystem by operating the interbank network.
It enables ATM transactions, bill payments, fund transfers, and other digital financial services.
Reference Link:- https://mettisglobal.news/SBP-notifies-1LINK-as-designated-payment-system-54630