This news desk focuses on keeping an eye on the latest political events and developments that takes place 24/7. Our team of journalists is highly well versed in handling all latest news happenings all around the globe.
Latest posts by TNV Desk (see all)
KARACHI: 1LINK (Pvt.) Limited (1LINK) and Decagon Pakistan (Pvt.) Limited (Golootlo) have signed an agreement to enable 1QR as a channel to promote account based digital payments through 1IBFT across Pakistan.
This shall allow Golootlo customers to avail year-round massive discounts by making payments in a convenient and secure manner at Golootlo partners using their bank accounts linked to the Golootlo App.
By virtue of this arrangement, Golootlo will utilize 1LINK services to orchestrate account linkage and payment processing for QR based payments. It allows users to conveniently pay for their purchases while availing exciting Golootlo rewards and discounts by simply scanning Golootlo 1QR placed at the participating outlets.
This is a one of its kind payments model where the customer avails discounts in a frictionless manner.
Mr. Najeeb Agrawalla, CEO 1LINK emphasized the importance of this milestone in the journey of Pakistan’s rapidly transforming payments landscape, and said, “this marks an important shift in how we envision driving consumer payments in light of the State Bank of Pakistan PSD circular 02 of 2019 on ‘Standardization of QR Code for payments in Pakistan’ and the agenda of digitizing payments in Pakistan through ubiquitous and cheaper means like the QR.”
Mr. Fahad Mahmood, CEO – Decagon commented on this partnership and said, “The Golootlo App has received immense popularity amongst mobile phone users in Pakistan and has currently over 4.5 million users.