Agreements to issue PayPak debit cards and personalization of these cards by 1LINK were signed between NBP Funds Management Limited (NBP Funds) and 1LINK (Pvt) Ltd (1LINK). NBP Funds will also become a biller on 1LINK BPS network. These agreements are a step forward in promoting digitalized financial transactions in Pakistan and are in line with SBP's strategic goals of vision 2020.
It is an initiative to enhance financial penetration and broaden access to formal financial services in Pakistan. The agreement was signed by Dr Amjad Waheed, CEO NBP Funds and Najeeb Agrawalla, CEO 1LINK.
To facilitate the industry, 1LINK is on the path to expand its services by launching innovative payment solutions. NBP Funds' investors will now be able to opt for Online Investment Facility through 1LINK member banks. This agreement represents NBP Funds' continuous efforts to provide the best services with ease to its investors. This partnership will increase the range of facilities, NBP Funds can offer to the customers by pushing the boundaries of technical excellence in NBFI industry in Pakistan. Commenting on the occasion, Dr Amjad Waheed, CEO, NBP Funds stated, "NBP Funds seeks to be a leader in technology and digitalization in the asset management industry, and is proud to become an affiliate member of 1LINK. The ultimate vision is to enable every Pakistani to save and invest in mutual funds in a seamless and efficient manner.
Najeeb Agrawalla, CEO, 1LINK stated, "1LINK welcomes NBP Funds to its network and hopes to move forward jointly in facilitating customers. 1LINK is a forward-looking organization and through our collaboration with NBP Funds, we are confident that customers will be able to reap maximum benefits and appreciate the expediency that will be enabled in the payments industry."-PR
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