1-LINK (GUARANTEE) LTD. - Karachi

1LINK is Pakistan’s first fully licensed PSO/PSP, largest payment gateway and switch system, committed to administering and evolving a strong e-payment network in Pakistan. Complying with the PCI DSS (Payment Card Industry Data Security Standard), 1LINK steers the connections among its member banks and stakeholders under the highest security standards. Being Pakistan’s leading financial enabler, it has bagged many ‘firsts’ to its profile. It has pioneered the development and operations of the Inter Bank Network which provides interoperability through shared ATM network, real-time interbank funds transfers, connectivity to International Payment Schemes such as Visa, MasterCard, UnionPay and JCB. 1LINK has also transformed the bill collection ecosystem by launching a unified bill  

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payment system that allows onboarded billers to go live on financial institution’s Omni channels.

As part of its dedication to building and sustaining consistent payment networks, 1LINK is the catalyzing force behind the development of e-payments in the country and is focused on adding new products and services to its portfolio to further enhance Pakistan’s financial industry. It undergoes PCI DSS certification review annually and for PIN security every two years. Additionally, being an SBP regulatee, BID (Banking Inspection Department) SBP periodically conducts inspection under their by-laws covering all aspects of operations, information security, compliance and infrastructure. 1LINK’s Fraud Risk Management System (FRMS) equips member banks with a complete fraud detection suite, along with the tools to handle associated risks which has been a catalyst in creating a secure and protected ecosystem for all stakeholders.

1LINK is owned by consortium of 11 banks. It was incorporated with Securities and Exchange Commission of Pakistan (SECP) as a Guarantee Limited Company on September 20, 2004 and with State Bank of Pakistan (SBP)’s approval on September 30, 2015, 1LINK became Pakistan’s first fully licensed PSO/PSP. It was converted to Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018.