Munsalik Digital (Pvt) Ltd has announced a major milestone in its mission to drive financial inclusion and digital transformation in Pakistan’s microfinance sector. The company has successfully implemented Interbank Funds Transfer (IBFT) services with 1LINK (Pvt) Limited, adding to its suite of existing collection services. United Bank Limited (UBL) will serve as the partner settlement bank for this new service
The integration marks a significant step toward building a more accessible and scalable digital payments ecosystem for microfinance institutions and their customers. By complementing its collection services, including the innovative Top-Up (Partial Payment) feature, Munsalik Digital aims to deliver seamless and reliable transaction capabilities to its member organizations across the country.
Company representatives highlighted that this development goes beyond a technical upgrade. It positions Munsalik Digital as a stronger payment aggregator within Pakistan’s financial services landscape, enabling member organizations to provide greater convenience, flexibility, and trust to their customers. The IBFT integration with 1LINK ensures real-time transfers and improved efficiency, aligning with the growing demand for instant, secure, and transparent financial solutions.
With Pakistan’s microfinance sector playing a critical role in expanding financial access to underserved communities, the adoption of digital payment solutions has become essential. Munsalik Digital’s latest achievement underscores its long-term vision of supporting financial empowerment by equipping microfinance institutions with the tools to operate in an increasingly digital economy.
The collaboration with UBL as the settlement bank further strengthens the credibility and reliability of the service. UBL’s role in the initiative ensures streamlined settlement processes, providing member organizations and their customers with confidence in the system’s stability and performance.
Munsalik Digital expressed gratitude to its partners, including 1LINK, UBL, and the member organizations that continue to place their trust in the company’s solutions. The company emphasized that their support has been instrumental in shaping a digitally inclusive ecosystem where every transaction contributes to financial empowerment and economic resilience.
As the microfinance industry in Pakistan undergoes rapid digitization, initiatives like this highlight the critical role of technology-driven companies in bridging gaps between financial institutions and underserved populations. By enabling IBFT services alongside existing collection solutions, Munsalik Digital is paving the way for a future where financial inclusion is strengthened through innovation, partnerships, and a shared commitment to progress.
This milestone reaffirms Munsalik Digital’s vision of empowering communities, supporting microfinance institutions, and driving a broader transformation of Pakistan’s financial services landscape.
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