| 词条 | PayPak |
| 释义 |
| name = PayPak | logo = Paypak-logo.png | logo size = 250px | company_type =Private Limited | traded as = | founded = April 5, 2016 | predecessor = | location = | area served = Pakistan | founder = | key_people = Mr. Najeeb Agrawalla (CEO 1Link) | industry = Financial Services | products = Credit cards, Payment Systems | revenue = |date = | operating_income = | net_income = | assets = | equity = | num_employees = | parent = 1Link | divisions = | subsidiaries = | url = {{URL|http://1link.net.pk/pay-pak/}} | programming language = | alexa = | website type = Financial | advertising = No | registration = Yes | users = | language = | launched = | current status = Active | native clients = | coordinates = }} PayPak ({{lang-ur|{{Nastaliq|پے پاک}}}}) is a Pakistani domestic payment scheme launched by 1Link under the State Bank of Pakistan Vision 2020. Currently, 20 of the country's banks have adopted it. [1][2] [3]. The reason to launch this domestic payment scheme was to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs & POS Terminals throughout Pakistan. PayPak started with magstripe based cards only. Only with-in 2 year of its launch PayPak has upgraded to EMV standard (Cards with Smart chip). The new payment scheme aims to compete in the domestic market with other international payment schemes like Visa & MasterCard. [4] Technology & LicensePayPak uses the Gemalto's product PURE. PURE is an off-the-shelf payment application from Gemalto that is fully compliant with the EMV™ standard. It is designed for domestic schemes and private payment card associations looking for chip-based security and fast time to market. PURE is a scheme-agnostic EMV application that private-label card issuers and national payment associations can use without the need to enter into a business agreement with another payment scheme. References1. ^https://www.dawn.com/news/1250153 {{Pakistan-stub}}2. ^https://smartchoice.pk/blog/2016/04/1link-sbp-launch-paypak-pakistans-first-domestic-payment-scheme/ 3. ^http://1link.net.pk/pay-pak/ 4. ^https://propakistani.pk/2016/04/05/pakistans-payment-paypak/ 3 : Payment systems|Pakistani brands|Banking in Pakistan |
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