KARACHI: 1LINK has announced its selection of Gemalto PURE white label payment technology for enabling “Chip and PIN” for its domestic payment scheme, PayPak, a statement said on Monday.
The solution will enable 1LINK member banks to launch EMV-compliant contact and contactless cards, mobile payments, host card emulator (HCE) and other digital services, it added.
This new initiative will bring an added security and convenience of ‘Chip and PIN’ transactions to millions of cardholders.
Najeeb Agrawalla, CEO of 1LINK, and Nassir Ghrous, SVP Middle-East, Africa at GEMALTO, signed the agreement.
With this deployment, 1LINK will ensure digital security as per EMVCO standards; whereby, enhancing the EMV ecosystem implementation for Pakistan’s banking community and key stakeholders such as government bodies and mobile network operators, the statement said.
It will also create a clear roadmap for future digital payment innovation and facilitate seamless and secure transactions, it added.