Bank Alfalah partners with 1Link.
Bank Alfalah has recently signed an agreement with 1Link Guarantee Limited (1Link) for Local POS (point of sale) Switch in Pakistan. Under this agreement, over six million proprietary cards issued by 1Link Member Banks and JCB Cards will be accepted on Bank Alfalah's POS terminals to conduct retail transactions. This arrangement would also allow local banks to issue proprietary debit cards for domestic use only. In addition, loyalty redemption transactions would also be conducted on the Bank Alfalah POS for card based loyalty programs hosted by 1Link. On this occasion, Mr. Khurram Hussain, Group Head Retail Central and North and Consumer Banking, Bank Alfalah said: "We are immensely pleased to be entering into an alliance with 1Link to facilitate the acceptance of their cards on Bank Alfalah's POS terminals in Pakistan.
At Bank Alfalah, we remain committed to promoting digitization in Pakistan and our arrangement with 1Link will enhance the digital payments ecosystem by encouraging electronic POS transactions in the country."
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|Date:||Feb 29, 2016|
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