Paysys Labs and 1LINK Roll Out 1GO Raast P2M Digital Merchant Acceptance Service in Pakistan

In a landmark move to accelerate Pakistan’s transition toward a digital economy, Paysys Labs and 1LINK (Pvt) Limited have jointly announced the launch of 1GO – Raast Person-to-Merchant (P2M) Digital Merchant Acceptance Service.

The announcement was made at a ceremony held at 1LINK’s Head Office, where executives from both organizations highlighted the service’s potential to transform Pakistan’s merchant payments landscape.

The 1GO Raast P2M service enables banks to provide merchants with a seamless, nationwide, and interoperable digital payments solution powered by Raast, Pakistan’s instant payment system developed by the State Bank of Pakistan (SBP). By digitizing merchant payments, the initiative is expected to significantly strengthen Pakistan’s acceptance infrastructure, reduce reliance on cash, and empower both businesses and consumers with secure, instant transactions.

Officials noted that the service directly supports Prime Minister Shehbaz Sharif’s vision of a Cashless Pakistan, as outlined in the government’s national digital financial inclusion strategy. With interoperability at its core, 1GO allows merchants across industries — from small corner shops to large retailers — to accept digital payments through QR codes and other Raast-enabled methods without the friction of siloed systems.

Speaking on the milestone, Paysys Labs reaffirmed its commitment to innovation in financial technology, emphasizing the importance of collaboration with 1LINK in driving scalable, real-world payment solutions.

Industry experts believe that the rollout of 1GO will help address long-standing gaps in Pakistan’s merchant acceptance ecosystem, particularly the lack of consistent, low-cost, and reliable infrastructure for digital transactions. By simplifying onboarding and transaction flows for merchants, the solution is poised to bring thousands of businesses into the formal digital economy.

The collaboration between Paysys Labs and 1LINK marks another critical step in expanding the reach of Raast, which has already gained traction in peer-to-peer transfers but required stronger adoption on the merchant side for broader ecosystem impact.

As Pakistan moves closer to becoming a cashless society, initiatives like 1GO demonstrate how partnerships between fintech innovators and payment infrastructure providers can accelerate the pace of financial transformation.

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

Hot this week

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploy AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Pakistan Introduce Virtual Assets Act 2026 to Regulate Crypto and Digital Asset Platforms

Pakistan introduce the Virtual Assets Act 2026, granting legal authority to PVARA to license and regulate crypto exchanges and digital asset platforms while strengthening oversight of the country’s digital asset market.

SadaPay Appoints Imran Khan as Chairman to Drive Digital Banking Innovation in Pakistan

Imran Khan joins SadaPay as Chairman of the Board, bringing extensive experience in cloud, fintech, and digital infrastructure to advance Pakistan's Sada Money platform.

Topics

Verge Systems and World Bank Launch Digital Transformation for Sindh Agriculture Market Information System

Verge Systems signs a landmark contract under the SWAT Project to digitize 27 wholesale markets across Sindh with real-time agricultural intelligence.

Meezan Bank and Visa Expand Strategic Partnership for Digital Payments Innovation in Pakistan

Meezan Bank and Visa meet in Karachi to accelerate digital transformation through Shariah-compliant payment solutions and enhanced cybersecurity initiatives.

Meezan Bank Deploy AddCore R22 Platform for Cash Management Payments and Collections

Meezan Bank implement AddCore R22 platform with CRPL for cash management payments and collections, becoming the first bank in the industry to deploy the R22 version for corporate payment operations.

Pakistan Introduce Virtual Assets Act 2026 to Regulate Crypto and Digital Asset Platforms

Pakistan introduce the Virtual Assets Act 2026, granting legal authority to PVARA to license and regulate crypto exchanges and digital asset platforms while strengthening oversight of the country’s digital asset market.

SadaPay Appoints Imran Khan as Chairman to Drive Digital Banking Innovation in Pakistan

Imran Khan joins SadaPay as Chairman of the Board, bringing extensive experience in cloud, fintech, and digital infrastructure to advance Pakistan's Sada Money platform.

Pakistan Approves Virtual Assets Bill 2026 to Regulate Digital Currencies and Services

Pakistan’s National Assembly approves the Virtual Assets Bill 2026, establishing a regulatory authority to oversee digital currencies, virtual asset services, and compliance with international financial standards.

Hayat Kimya goes live on FBR Digital Invoicing System through Haball, advancing corporate compliance automation

Hayat Kimya integrates with the FBR Digital Invoicing System via Haball, strengthening tax transparency, automation and digital compliance within Pakistan’s corporate ecosystem.

FBR Confirms Implementation of 25% Tax Reduction for Women-Owned Startups in Pakistan

Federal Board of Revenue (FBR) officially confirms deployment of 25% tax reduction for startups wholly owned by women entrepreneurs, reinforcing support for female-led businesses in Pakistan’s tax system.
spot_img

Related Articles

Popular Categories

spot_imgspot_img