SBP notifies 1LINK as designated payment system
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
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
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
