Easy Pay­ment

Southasia - - BRIEFS -

first do­mes­tic pay­ment scheme, ‘PayPak’ has been in­tro­duced to pro­vide peo­ple with easy ac­cess to fi­nan­cial ser­vices and to fa­cil­i­tate ecom­merce ac­tiv­i­ties in the coun­try. With the launch, Pak­istan has be­come the 28th coun­try in the world to have its own do­mes­tic pay­ment scheme, ac­cord­ing to the State Bank of Pak­istan. In­tro­duced by 1Link, the ini­tia­tive will help re­duce the out­flow of for­eign ex­change to in­ter­na­tional pay­ment schemes. ‘PayPak’ will also pro­vide an af­ford­able al­ter­na­tive to ex­ist­ing banked and un­banked pop­u­la­tions across the coun­try, of­fer­ing them low­cost pay­ment ser­vices.

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