Product type | |
---|---|
Owner | 1Link |
Country | Pakistan |
Introduced | 5 April 2016 |
Markets | Pakistan |
Website | 1link |
PayPak (Urdu: پے پاک) is a domestic payment service available in Pakistan.[1]
It was launched in 2016 by 1Link to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs, POS terminals, and online transactions within Pakistan.[2]
The new payment scheme aims to compete in the domestic market with other international payment schemes like Visa, MasterCard & UnionPay.[3]