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December 17, 2014

1LINK, JCB to launch debit cards in Pakistan

1LINK Guarantee Limited (1LINK), a Pakistan-based payment system, has entered into a strategic partnership with JCB International (JCBI), the international operations subsidiary of the Japanese global payment brand JCB, to introduce JCB debit cards in Pakistan.

By Verdict Staff

1LINK Guarantee Limited (1LINK), a Pakistan-based payment system, has entered into a strategic partnership with JCB International (JCBI), the international operations subsidiary of the Japanese global payment brand JCB, to introduce JCB debit cards in Pakistan.

The partnership will allow 1LINK member banks to join the JCB international network through 1LINK, allowing them to issue JCB debit cards, to be accepted at about 27 million JCB merchants around the world.

The initiative will add to 1LINK’s international payment portfolio following the inclusion of Visa, MasterCard and UnionPay International besides helping JCB to expand its card acceptance and issuing footprint in the region.

Faisal Ejaz Khan, CEO of 1LINK, said: "JCBI offers us with a unique opportunity to share their global knowledge and best practices in the payments industry with our member banks.

"Our local understanding of the payment landscape and JCBI’s global outlook is bound to open up new vistas of innovation and collaboration in the payment industry in Pakistan."

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