First Women Bank signs PayPak agreement with 1LINK

FWBL signs PayPak agreement with 1LINK

December 22, 2016

First Women bank Ltd (FWBL) has entered into an agreement with 1LINK (Guarantee) Limited that will enable FWBL to issue PayPak branded debit cards. Through this strategic alliance, FWBL and 1LINK plan to achieve mutual goal of successful financial inclusion and digital transformation. The agreement was signed by Ms. Tahira Raza, President  & CEO (FWBL) and Mr. Najeeb Agrawalla, CEO (1LINK).

Speaking on the occasion, Ms. Tahira Raza President & CEO FWBL appreciated 1LINK efforts to facilitate the industry by launching PayPak – Domestic Payment Scheme, while Mr. Najeeb Agrawalla, CEO 1LINK said that  the issuance of PayPak cards will be a significant addition to the bank’s portfolio and will add value to FWBL customers.

PayPak is Pakistan’s first domestic payment scheme and is aimed at supporting the underserved and banked population of the country through efficient and cost effective payment solutions. By signing this agreement, FWBL has achieved a successful milestone as this will not only leverage the bank’s electronic platform to offer services and features under PayPak, but will also play a vital role in attracting new customers to the bank.

The signing ceremony was attended by (from FWBL side) Mr. Kashif Karimi Head IT, Ms. Shaheen Zamir  Head Marketing, PR & Service Quality, Mr. Saleem Shaffi Head Operations, Mr. Muhammad Faraz Khan Head Alternate Distribution Channels, (from 1LINK side), Mr. Asif K  Durrani Head of Business Development & Marketing,  Mr. Azimullah Khan, Head of EAPD and Mr. Adeel Asad, Manager Business Development.

About FWBL

First Women Bank Ltd. is a unique financial institution, a Scheduled Commercial Bank, set up in 1989 by the Islamic world’s first woman Prime Minister Benazir Bhutto (Shaheed), who wanted a bank that would meet the banking needs of women.  First Women Bank Limited with a vision to create value for stakeholders, and contribute towards country’s economic development through main streaming woman by creating enabling environment as the dynamic agent of change and prosperity is intended to aggressively and effectively implement and use the technology to enhance the banking services to serve its customers and to emerge as one of the foremost financial institutions in the country and to focus on spurring an economic revival by endeavoring to meet the needs of tomorrow as well as today.

About 1LINK

1LINK Guarantee Limited, owned by a consortium of 11 banks, is the country’s 1st PSO/PSP and largest switch and payment system, providing a host of valuable online banking services like, ATM switching, Bills Payment, Inter Bank Funds Transfer, Fraud Risk Management, Switch Dispute Resolution, Global Payment schemes, PayPak – Domestic Payment Scheme, etc. 1LINK is continuously evolving and adding new products and services to benefit the financial industry.

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