1LINK

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1LINK (Guarantee) Limited is a consortium of major banks that own and operate the largest representative shared financial services network of Pakistan. The synergy of financial institutions working together for a common goal has steadily increased the strength and services of 1LINK.

1LINK has become widely acknowledged brand with an increasing number of member banks. The company is serving as a catalyst for the development of eBanking in the country.

1LINK (Guarantee) Limited is a registered company, incorporated under the company law, by Security and Exchange Commission of Pakistan (SECP).

[edit] History

[edit] Formation OF 1LINK

• Year 1999: ABN and ACBL connected their ATM network for provide the services to their customers. *Year 2002: SBP circular for the mandatory connectivity of either of the two switches.
• Year 2003: 1LINK formed with the consortium of eleven founder banks.

1LINK is owned by the consortium of eleven major banks of the country and operates through a chief executive officer. The company has a Board, consists of eleven directors, one from each founder member bank.

[edit] Membership history

The number of 1LINK member banks has increased rapidly since the inception of the company in 2003.

1LINK is the largest such organisation in its country.

• Year 2003: twelve member banks
• Year 2004: fifteen member banks
• Year 2005: seventeen member banks
• Year 2006: twenty two member banks
• Year 2007: twenty four member banks

As of 2008 more banks are in the process of joining 1LINK.

[edit] Statistics

• Strength of twenty four Banks, including all Islamic Banks of the Country & a Micro Finance Bank.

• Pakistan’s Largest ATM Switch with 1,500+ ATMs in 150+ cities nationwide.

• Debit/Credit Card base of exceeding 4.0 Million.

• Volume of PKR 7.0 Billion (Monthly Avg.) of ATM withdrwal.

• Inter Bank Funds Transfer among more than 2,500 branches of participating IBFT Banks nationwide.

• Monthly Rs. 215 Million (approx.) transfer of funds among IBFT banks.

[edit] Services

1. Shared ATM Network
2. Inter-bank Funds Transfer (IBFT)
3. Visa Services
4. Utility Bill Payment Service (UBPS)
5. Credit card acquiring
6. Connectivity with other Networks

[edit] External links

• 1link