Abhi Microfinance Bank and 1LINK Introduce 1GO Raast P2M Digital Payments

Abhi Microfinance Bank, Ltd. and 1LINK have officially joined forces to roll out 1GO Raast P2M services, representing a major step toward strengthening Pakistan’s digital payment ecosystem. The partnership was formalized in a signing ceremony attended by Mr. Kabeer Naqvi, Entrepreneur in Residence at Abhi Fintech, Mr. Najeeb Agrawalla, CEO of 1LINK, and Ms. Mariam Pervaiz, Chief Commercial Officer at Abhi MFB, alongside senior representatives from both organizations.

Through this collaboration, Abhi MFB will leverage 1LINK’s 1GO Raast P2M static QR solution to empower merchants with fast and secure payment acceptance capabilities. This initiative is expected to facilitate seamless transactions across multiple merchant touchpoints, enabling businesses of all sizes to adopt digital payment channels with minimal friction.

The 1GO Raast P2M solution is designed to simplify the payment process by allowing consumers to complete transactions instantly through static QR codes. By integrating this technology into Abhi MFB’s merchant network, the bank aims to contribute significantly to Pakistan’s transition toward a cashless economy while promoting financial inclusion for merchants and consumers alike.

Commenting on the partnership, Mr. Kabeer Naqvi highlighted that the collaboration reflects Abhi MFB’s commitment to adopting innovative fintech solutions that drive efficiency and convenience for merchants. Mr. Najeeb Agrawalla emphasized that 1LINK’s 1GO Raast platform provides a secure, scalable, and interoperable infrastructure for digital payments, supporting the government’s broader vision of a cashless economy.

With the launch of 1GO Raast P2M services, merchants across Pakistan will benefit from faster payment settlements, simplified reconciliation, and reduced dependency on cash-based transactions. This step aligns with ongoing efforts by financial institutions and fintech providers to modernize payment systems and enhance digital financial adoption nationwide.

The partnership between Abhi Microfinance Bank and 1LINK demonstrates the growing role of fintech collaborations in expanding Pakistan’s digital payment infrastructure. By providing merchants with accessible and reliable payment solutions, this initiative is poised to accelerate the adoption of cashless transactions, strengthen the country’s digital economy, and support inclusive financial growth.

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

Hot this week

JazzCash Reaches 1 Million Raast QR Merchant Milestone to Drive Cashless Economy

JazzCash celebrates onboarding its 1 millionth Raast QR-enabled merchant, a major step in advancing Pakistan’s digital payment ecosystem and formalizing the economy.

Pakistan Accelerates 2026 Digital Transformation Roadmap

Pakistan targets a fully digitized economy by June 2026, leveraging a successful 5G spectrum auction and JazzCash’s mobile-first subsidy delivery systems.

NIBAF Pakistan Launches AI Literacy and Prompt Engineering Training for Professionals

NIBAF Pakistan announces a specialized one-day training in Karachi to equip professionals with AI literacy, logic, and practical prompting skills for business.

SEC Proposes Innovation Exemption to Allow Tokenized Stock Trading for Coinbase and Crypto Firms

The SEC prepares a new rule allowing digital asset firms like Coinbase to trade tokenized stocks under a temporary innovation exemption to test blockchain efficiency.

Pakistan Leverages Cryptocurrency Biplomacy to Bridge Strategic Ties with United States

Pakistan adopts a crypto-driven approach to foreign relations as entrepreneur Bilal Bin Saqib facilitates high-level digital asset engagements with US leadership.

Topics

JazzCash Reaches 1 Million Raast QR Merchant Milestone to Drive Cashless Economy

JazzCash celebrates onboarding its 1 millionth Raast QR-enabled merchant, a major step in advancing Pakistan’s digital payment ecosystem and formalizing the economy.

Pakistan Accelerates 2026 Digital Transformation Roadmap

Pakistan targets a fully digitized economy by June 2026, leveraging a successful 5G spectrum auction and JazzCash’s mobile-first subsidy delivery systems.

NIBAF Pakistan Launches AI Literacy and Prompt Engineering Training for Professionals

NIBAF Pakistan announces a specialized one-day training in Karachi to equip professionals with AI literacy, logic, and practical prompting skills for business.

SEC Proposes Innovation Exemption to Allow Tokenized Stock Trading for Coinbase and Crypto Firms

The SEC prepares a new rule allowing digital asset firms like Coinbase to trade tokenized stocks under a temporary innovation exemption to test blockchain efficiency.

Pakistan Leverages Cryptocurrency Biplomacy to Bridge Strategic Ties with United States

Pakistan adopts a crypto-driven approach to foreign relations as entrepreneur Bilal Bin Saqib facilitates high-level digital asset engagements with US leadership.

The Rise of Parallel Rails and the Architecture of Decentralized Finance in the Pakistani Landscape

Cryptocurrency and decentralized finance are emerging as alternative financial rails in Pakistan, addressing long-standing barriers to financial inclusion while raising new questions around regulation, trust, and risk.

Why FinTech Integration and AI Adoption Now Account for the Vast Majority of Customer Satisfaction in Local Banking

FinTech integration and AI adoption are reshaping Pakistan’s banking sector, driving customer satisfaction, improving financial performance, and accelerating digital transformation across financial institutions.

TouchPoint Drives National Scale In State Bank Of Pakistan Digital Deposit Initiative

TouchPoint hits a 100 billion PKR deposit milestone with 905 machines deployed across Pakistan, supporting the State Bank of Pakistan's digital transformation drive.
spot_img

Related Articles

Popular Categories

spot_imgspot_img