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Our Portfolio ReflectsOur Expanding Possibilities
Our Portfolio ReflectsOur Expanding Possibilities
April 19, 2023
www.1link.net.pk
Introduction
1LINK is a consortium of banks of Pakistan that own and operate the largest shared financial services network of Pakistan.
Our Focus is to: - Innovate
- Collaborate
- Research & Develop
- Uplift the Payment Industry
April 19, 2023 4
www.1link.net.pk
Historic Milestones• Year 1999: ABN AMRO and Askari Bank connected their ATM
network (ABN Amro Switch)
• Year 2002: SBP circular for the mandatory connectivity of either of the two switches (MCB Switch or ABN Amro Switch)
• Year 2003: ABN Amro Switch decided to form a collective company and founded “1LINK”, to be run and governed by the existing 11 Members
• Year 2005: 1LINK parterend with Visa International
• Year 2006: 1LINK launched Inter Bank Funds Transfer Service
• Year 2007: 1LINK launched Utility Bill Payment Service (UBPS)
• Year 2011: 1LINK partners with China Union Pay
• Year 2012: 1LINK partners with MasterCard
April 19, 2023 5
www.1link.net.pk
Alternate Delivery Channels
• 1LINK services are offered to the Consumer by banks via various Channels
• Following channels are part of the 1LINK Payment Space:
– ATM
– IVR
– Call Center
– Internet
– Kiosk
– Mobile
– POS
– CDM
• Other ADCs can be enabled depending on the Bank’s readiness
April 19, 2023 7
www.1link.net.pkApril 19, 2023 10
Card Base
Source: SBP Quarterly Review * 30th June 2013
1LINK Shared ATM Network
0.96 Million
www.1link.net.pk
Shared ATM Network
•1LINK connects over 6,750+ online ATMs across the country
•The network is continuously expanding
•1LINK Shared ATM Network provides round-the-clock access to ATM
•Optimum uptime and outstanding service levels increases customers confidence on 1LINK ATM network
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www.1link.net.pk
Inter Bank Funds Transfer
• Instant and Real-Time Funds Transfer across member banks
• 30* IBFT enabled Member Banks
• Electronic Funds Transfer using ATM, Internet Banking, Mobile, IVR, Call Center, KIOSKs
April 19, 2023 12* As on 30th October 2013
www.1link.net.pk
Inter Bank Funds Transfer
Value Proposition
• Digitization of payments• No paper work • Cost Efficient • Convenience and secure
environment • Reaching PAN Pakistan
branch network of 12,000+ branches
IBFT Diversification
• Customer to Customer / P2P Payments
• Online Remittance Payments (B2C)
• Credit Card Bills Payments (C2B)
• Corporate Payments (B2B)
April 19, 2023 13
www.1link.net.pk
Global Payment Gateway
• 1LINK has partnered with VISA, UnionPay, and MasterCard in Pakistan.
• Bank are now able to Connect to IPS with reduced CAPEX and OPEX.
• Banks can offer services to International customers like Cash Withdrawal and Balance Inquiry
April 19, 2023 14
www.1link.net.pk
Credit Card Bills Payment Through IBFT
• Realtime and Instant Bill Payment from 30 IBFT Member Banks
• Revenue for member banks on every credit card bill paid though IBFT
• Member Banks LIVE on Credit Card Bill Payment through IBFT:– Habib Bank Limited– Silk Bank Limited
April 19, 2023 16
www.1link.net.pk
IBFT for Merchant Settlement
• Acquiring Banks are using IBFT to settle its POS Merchants
• Merchants to receive funds at any of Bank account of their choice
• Cost-saving and enhanced productivity against paper based instruments
• Member Banks LIVE:
– UBL
April 19, 2023 17
www.1link.net.pk
Cash Advance Through ATM
• Customers can enjoy the facility of
balance inquiry and cash advance
transaction from their credit cards through
any 1LINK ATM.
• Banks include :
– HBL Visa Card
– Faysal Bank MasterCard
– Askari Bank Limited MasterCard
– Bank Alfalah Limited Visa Card
– Silk Bank Visa Card
April 19, 2023 18
www.1link.net.pkApril 19, 2023 19
AcquirerAcquirer IssuerIssuer
Local Acquiring Switch
To Convert Proprietary ATM cards to Proprietary Debit Cards
www.1link.net.pk
Risk Management
• PCI DSS Compliant
• EMV Compliance
– VISA
– Mastercard
– Unionpay
– 1LINK Acquiring Switch
April 19, 2023 20
www.1link.net.pk
Branchless Banking Initiatives
• Issuance of Local ATM / Debit Card
• Shared ATM Services
• 1LINK POS Offering
• IBFT– Mobile Wallet with Level 0, 1 and 2 limits– Cash to IBFT through BB Agents
• Cash Payout on POS
April 19, 2023 26
www.1link.net.pk
1LINK Loyalty Program
• First Time in Pakistan for all 1LINK Member banks
• Loyalty Program for all Services and Products of the Bank
• Real Time Redemption of Loyalty Program – “Burn Side”
April 19, 2023 27
www.1link.net.pk
1LINK Loyalty Program
• In discussions with Acquiring Banks to offer this service for Issuers with Loyalty Program
• Customized Loyalty Programs will be available in Phase II
April 19, 2023 28
www.1link.net.pk
Risk Management
• Real Time Transactions Monitoring Capability– Fraud Monitoring Application– Off US – 1LINK– On US – All Member Bank
• Risk Management MIS
April 19, 2023 29
www.1link.net.pk
31
Conclusion
April 19, 2023
Securing the Future! Enhancing Long-Term Revenue Growth
Collaboration is the KEY!
Execution Excellence!We have done it before; We will do it again!