Tag: 1Link

  • No cyberattacks on ATMs across country, clarifies 1LINK

    No cyberattacks on ATMs across country, clarifies 1LINK

    1LINK, one of the largest interbank networks in Pakistan, has denied social media rumours that ATMs will be closed for the next two to three days on fears of a cyberattack.

    The clarification came forward in a notification by 1LINK after social media was abuzz with rumours that ATMs would remain closed for a few days, asking customers to avoid using ATMs.

    The message also warned people not to conduct any online transactions during this time and claimed that this alleged cyberattack report was also aired on BBC radio.

    In its response, BBC Urdu also dismissed the claim that no such thing has been aired.

    “Thus far, no cyber threat has been observed on the ATM and online banking ecosystem in this context, and the financial service industry remains vigilant as ever before,” the notification by 1LINK read.

  • NADRA introduces a new digital payment system to replace ATMs

    NADRA introduces a new digital payment system to replace ATMs

    The National Database and Registration Authority (NADRA) has introduced an innovative system that will serve as an alternative to automated teller machines (ATMs) and let citizens pay utility bills and identity documents.

    This development comes as a result of NADRA’s partnership with 1Link, Pakistan’s largest and fully licensed payment gateway system. The two authorities have formed a strategic alliance to evolve and administer an e-payment system that will build on NADRA’s already existing e-Sahulat franchise.

    According to DAWN, the collaboration will make it possible for the more than 17,000 e-Sahulat centers to conduct financial transfers, cash-in and cash-out transactions, as well as P2G, G2P, and P2P payments.

    NADRA Chairman Tariq Malik and 1Link CEO Najeeb Agrawal inked the agreement on Monday at the organization’s headquarters. In response to this development, Malik stated that NADRA has been trying to enhance e-governance by empowering organisations from the public and commercial sectors through its digital services.

    He asserted that one of Pakistan’s most cutting-edge digital services for financial payments is NADRA’s e-Sahulat facility.

    Through this cooperation, the more than 17,000 e-Sahulat locations operated by NADRA will be able to quadruple the capacity of more than 16,500 1Link ATMs nationwide. As was already mentioned, this will make it simple for consumers to deposit and withdraw money.

    In the future, the digital platform will also be accessible in rural Pakistan, enabling students there to continue their studies while earning money to cover their tuition.