Khushhali Bank, 1LINK ink accord

Islamabad: Khushhali Microfinance Bank Limited (KMBL) signed an agreement with 1LINK (Guarantee) Limited (1LINK), the largest switch in Pakistan to facilitate its customers with digital banking services. The signing ceremony was held at 1LINK’s head office Karachi, says a press rfelease here on Wednesday.

The agreement was signed by Ghalib Nishter, CEO & KMBL and Najeeb Agrawalla, CEO 1LINK. With this collaboration, KMBL became the 36th member bank on 1LINK’s network to avail its full suite of products. This agreement will further the vision of the bank to promote financial inclusion and financial literacy in the country while strengthening its outreach to the marginalized communities. This agreement will also enable KMBL to issue PayPak debit cards to its account holders and help promote the domestic payment scheme.

Speaking on the occasion, Ghalib Nishtar, president & CEO, KMBL, said “KMBL is actively investing in a strong technology foundation to enter the arena of digital banking.” He further added that given the future of banking industry is digital transaction channels, KMBL is partnering with top notch service providers with the objective to acquire an all rounded robust and efficient technological infrastructure which is essential to provide innovative products and services to our customers.

Speaking to the occasion Najeeb Agrawalla, CEO 1LINK stated, “1LINK welcomes Khushhali Microfinance Bank to its network and hopes to move forward jointly in facilitating customers and achieving SBP’s vision 2020. This partnership is surely going to enhance digital transactions in the country”.

He further added, “This association will also empower Khushhali Microfinance Bank to issue PayPak debit cards to its customers, which are acceptable on all ATM and POS across Pakistan.”