1Link

Pakistan-based bank consortium 1Link 1LINK logo.svg Pakistan 1999 43 14,000+ https://1link.net.pk/ 1Link is a consortium of major banks that own and operate the largest representative interbank network in Pakistan and is incorporated under the Company Law, Section 42 by Security and Exchange Commission of Pakistan (SECP). History Timeline Year 1999: ABN AMRO and Askari Bank connected their ATM network.State Bank of Pakistan https://www.sbp.org.pk/70/sup-6.asp 2021-01-25 www.sbp.org.pk Year 2002: SBP circular for the mandatory connectivity of either of the two switches (1LINK or MNET).State Bank of Pakistan https://www.sbp.org.pk/bpd/2002/C20.htm 2021-01-25 www.sbp.org.pk Year 2003: 1LINK formed with a consortium of eleven founder banks. Year 2004: SBP instructed 1LINK and MNET to interconnect with each other. Year 2005: 1LINK partnership with Visa International Year 2006: 1LINK launched Inter Bank Funds Transfer Service (IBFT) Year 2007: 1LINK launched Utility Bill Payment Service (UBPS) 1LINK was converted to a Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018. 1LINK is owned by the consortium of eleven major banks of the country,1LINK notified as designated payment system https://www.brecorder.com/news/40380796 Business Recorder 2025-09-02 2025-11-30 en and operates through a chief executive officer. The company Board consists of eleven directors, one from each founder member bank. 1LINK Members 1LINK is the largest banking consortium in Pakistan. The State Bank of Pakistan has mandated that all commercial banks in Pakistan, both foreign and domestic, become members of 1LINK. Additionally, the four switches have been interconnected since 2006. thumb|1Link logo on UBL Wiz Visa Card Member Banks - 43 Affiliates Members - 20 White Label ATMs - 01 Billers - 4,365 Bank and Non-Bank Aggregators - 44 Non-Banking Financial Initiators - 731Link https://1link.net.pk/ 2025-07-02 PayPak - Domestic Payment Scheme PayPak In 2020, 1LINK launched Pakistan's first domestic payment scheme – PayPak in April 2016.1Link -PayPak https://1link.net.pk/pay-pak/ 2021-01-25 2019-07-23 https://web.archive.org/web/20190723211858/https://1link.net.pk/pay-pak/ dead See also Raast References Category:Banking in Pakistan Category:Payment systems Category:Banking technology Category:Interbank networks Category:Pakistani brands