Asslam Walikum
I hope all will be fine with the grace of God and enjoy your life. Here is me Maham Ch, I am very passionate about writings in the past few weeks I am busy with family so I can not post regularly. I come to know about One link One Bill I know it's not new but for me and new for those who are housewives. It's really beneficial and important. I thought to share about it
I will talk about Following
In this education post, I will tell you about the following very most important aspects of one link
- What is One link One Bill Establishment
- Members Bank
- Products and Services
What is One link One Bill
1LINK is Pakistan's first PSP with a fully licensed, large payment gateway and exchange system, committed to managing and developing a strong e-payment System. It is a very secure and reliable payment system. One Link is a very basic inter-bank connectivity platform for very secure transactions.
Source
1LINK is also known as Guarantee, is a Limited Banking Corporation that operates and operates a large network of central banks in Pakistan and is compiled under the Company Act, Section 42 of the Pakistan Securities and Exchange Commission (SECP) from 2004.1Link was converted to a private company on July 5, 2018.
2. Members Bank
The number of 1LINK member banks has grown rapidly since the company was founded. Almost all banks now adopted one link as now we can withdraw our money from any ATM. You can see here is total of 38 banks officially get membership of 1Link
1LINK is the largest banking organization in Pakistan. Only national ATM switches operate in the country. The State Bank of Pakistan has authorized all commercial banks in Pakistan, foreign and domestic, to become members of 1LINK. In addition, four switches are connected since 2006, meaning that a customer holding an ATM or bank card issued by any bank in Pakistan can use any ATM available nationwide.
Products and Services
1LINK enables Pakistan communication between member banks to create a wider acceptance of the card in cash withdrawals received by the customer outside of their bank ATMs. 1Bill Payment system with collaborations with 1Link allows onboard billers to go live on omnichannel, through 1Link 1Bill Service get hassle-free 24/7/365 days bill/challan/Fee payment facility
- Shared ATM Services
- Inter-Bank funds Transfer
- GPS connection
- 1Bill
- 1QR
So its all about today class blog.............
Stay Focused Stay positive So good luck with Your Great Learning and growing
Keep learning and sharing
Very informative guide. You have well explained it
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Thank you for sharing information about this wonderful system.
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