1LINK Onboards Zarai Taraqiati Bank Limited to Boost Digital Agriculture Payments via 1GO Raast P2M

Taking a major stride forward in Pakistan’s digital financial ecosystem, 1LINK has successfully onboarded Zarai Taraqiati Bank Limited onto its innovative 1GO Raast P2M platform. Both organizations have formalized their collaboration for the strategic deployment of the 1GO Raast P2M service during a special signing ceremony held at the ZTBL Head Office in Islamabad. This new partnership aims to bring modern, swift, and secure digital payment facilities directly to the country’s farmers and agricultural communities, marking an essential step toward bridging the gap between traditional farming and modern financial technology.

The high-profile ceremony was attended by Mr. Tahir Yaqoob Bhatti, President and CEO of ZTBL, alongside Mr. Najeeb Agrawalla, CEO of 1LINK, and Mr. Muhammad Bashir Khan, Chief Merchant, Schemes and Alliances at 1LINK, along with their respective management teams. Under this mutual agreement, ZTBL will leverage the State Bank of Pakistan’s instant payment gateway, Raast, to enable seamless person-to-merchant transactions. This structural change is set to provide immediate benefits to rural populations who have historically relied on cash-intensive banking methods for their daily commercial transactions.

Zarai Taraqiati Bank Limited has long served as a backbone of the national agricultural sector by providing critical credit and financial support to the farming community. By integrating with the 1LINK 1GO Raast P2M system, the bank will now empower its account holders to execute secure, real-time digital payments with absolute ease. Farmers will be able to settle costs for seeds, fertilizers, and equipment, as well as receive payments for their crop yields directly through their mobile wallets or digital accounts. This transition not only accelerates transaction speeds but also introduces greater transparency into the rural economy.

As the premier payment switch network in Pakistan, 1LINK continues to develop robust digital infrastructure to make financial services more accessible. The 1GO Raast P2M model focuses on connecting small and large retail merchants to a unified payment ecosystem that lowers operational costs for businesses. Onboarding a leading state-owned agricultural institution like ZTBL proves that the national digital payments infrastructure is scaling effectively, directly supporting the federal objective of maximizing financial inclusion across underserved demographics.

Moving forward, the long-term impact of this digital onboarding will be profound as it equips the agricultural workforce with modern fintech utilities. Backed by the real-time settlement capabilities of the Raast platform, instant fund transfers will eliminate conventional liquidity delays in farming logistics. The collaborative efforts of ZTBL and 1LINK set a new benchmark for the banking industry, driving the growth of Pakistan’s agritech sector and fostering a more connected, financially secure digital economy for rural entrepreneurs.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem. 

Hot this week

BankIslami Collaborates With EFU Life And EFU General To Launch Digital MicroTakaful

BankIslami integrates a comprehensive suite of affordable, Shariah-compliant digital MicroTakaful protection plans directly within its mobile banking app.

Neem Paymenow Partners With Treet Corporation For On Ground Financial Wellness Activations

Neem Paymenow conducts interactive financial literacy and app adoption sessions across Treet Corporation sites to empower workforce financial resilience.

JS Bank Secures Top AI Honor For JSense Conversational Assistant At Asian Banking Awards

JS Bank receives the prestigious AI Initiative of the Year award for its revolutionary conversational chatbot JSense AI at the ABF Retail Banking Awards.

Financial Institutions Develop Protections As Autonomous AI Agents Expand Banking Risks

A new Moody’s report explores the financial risks of letting AI agents autonomously move digital cash and highlights how banks are developing new guardrails.

Punjab Revenue Authority Reduces Sales Tax Rate For Digital Transactions

The Punjab Revenue Authority introduces a landmark policy offering a fifty percent sales tax reduction on digital and card payments to encourage a cashless economy.

Topics

BankIslami Collaborates With EFU Life And EFU General To Launch Digital MicroTakaful

BankIslami integrates a comprehensive suite of affordable, Shariah-compliant digital MicroTakaful protection plans directly within its mobile banking app.

Neem Paymenow Partners With Treet Corporation For On Ground Financial Wellness Activations

Neem Paymenow conducts interactive financial literacy and app adoption sessions across Treet Corporation sites to empower workforce financial resilience.

JS Bank Secures Top AI Honor For JSense Conversational Assistant At Asian Banking Awards

JS Bank receives the prestigious AI Initiative of the Year award for its revolutionary conversational chatbot JSense AI at the ABF Retail Banking Awards.

Financial Institutions Develop Protections As Autonomous AI Agents Expand Banking Risks

A new Moody’s report explores the financial risks of letting AI agents autonomously move digital cash and highlights how banks are developing new guardrails.

Punjab Revenue Authority Reduces Sales Tax Rate For Digital Transactions

The Punjab Revenue Authority introduces a landmark policy offering a fifty percent sales tax reduction on digital and card payments to encourage a cashless economy.

Bilal Bin Saqib Discusses Crypto Based Purchases on Shariah Status of Digital Assets

Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib held talks with Mufti Taqi Usmani on the Shariah status of cryptocurrency after a recent fatwa declared crypto purchases impermissible.

PACRA Upgrades Easypaisa Digital Bank Long Term Credit Rating To AA Minus As Transaction Volumes Surge

The Pakistan Credit Rating Agency upgrades Easypaisa long term credit rating to AA minus highlighting strong financial fundamentals and digital retail bank momentum.

Karandaaz Pakistan Partners With D Tech And Consultancy To Launch AI Companion MIA For Digital Payments

Karandaaz Pakistan and D Tech and Consultancy partner to launch My Intelligent Assistant MIA to drive financial inclusion via AI in digital payments.
spot_img

Related Articles

Popular Categories