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PayPak ( Urdu: پے پاک) is a Pakistani domestic financial services and payment service launched by 1Link under the State Bank of Pakistan Vision 2020. Currently, 35 of the country's banks have adopted it. [ 1] The reason to launch this domestic payment scheme was to save inter-change costs of International Payment Schemes.
Easypaisa is a Pakistani mobile wallet, mobile payments and branchless banking services provider. [ 2][ 3] It was founded in October 2009 by Telenor Pakistan. [ 4] It also provides digital payment services through a QR code in partnership with Masterpass and it is the only GSMA mobile money certified service in Pakistan.
The following is a list of notable online payment service providers and payment gateway providing companies, ... Online, mobile: Pakistan: Edy: Elavon: Euronet ...
JazzCash, formerly known as MobiCash, is a Pakistani mobile wallet, mobile payments, and branchless banking services provider. It was launched in November 2012 as MobiCash by Mobilink (now Jazz) in partnership with their subsidiary bank Mobilink Microfinance Bank. It also provides digital payment service through QR code in partnership with ...
Incorporated in 2001, MNET was the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions. [ 1] In 2002, SBP circular for the mandatory connectivity of either of the two switches ( 1LINK or MNET). [ 2] In 2004, SBP instructed 1LINK and MNET to interconnect with each other. [ 3]
Raast (Urdu: راست lit. 'direct') is an instant payment system developed by the State Bank of Pakistan (SBP). It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Total equity. US$487 million (2021) Number of employees. 1,871 (December 2021) Website. Payoneer.com. Footnotes / references. [ 5] Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
1LINK (Guarantee) Limited 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). 1LINK has been converted to a Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018.