KARACHI: ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments through Raast using QR technology.<\/p>\n
The agreement was formalized at a signing ceremony where Mariam Pervaiz, Chief Commercial Officer \u2013 Abhi Microfinance Bank, and Najeeb Agrawalla, Chief Executive Officer \u2013 1LINK, signed on behalf of their respective organizations. The ceremony was also attended by Kabeer Naqvi, Entrepreneur in Residence \u2013 Abhi Fintech, along with senior representatives from both institutions.<\/p>\n
Under this collaboration, Abhi MFB will integrate 1LINK\u2019s 1GO Raast P2M static QR solution into its merchant ecosystem. This will allow shopkeepers, small businesses, and service providers to accept digital payments directly into their bank accounts without the need for expensive hardware or complex setup. Customers will be able to make payments instantly using Raast-supported mobile banking apps and wallets, creating a simple and interoperable payment experience.<\/p>\n
The initiative is designed to address one of the key challenges for small merchants, access to easy, low-cost digital payment acceptance. By enabling QR-based payments, Abhi MFB aims to help merchants reduce cash handling, maintain better transaction records, and improve cash flow visibility. Faster settlement of funds and transparent transaction trails are also expected to support merchants in building stronger financial profiles over time.<\/p>\n
For the broader financial ecosystem, the partnership contributes to the expansion of Raast-based merchant payments and supports Pakistan\u2019s ongoing shift toward digital transactions. The collaboration combines Abhi MFB\u2019s focus on merchant enablement and financial inclusion with 1LINK\u2019s national payment infrastructure, creating a practical pathway for everyday businesses to participate in the digital economy.<\/p>\n
Representatives from both organizations shared that enabling accessible digital payment tools for merchants is an important step toward improving efficiency in commerce and strengthening trust in formal financial systems. By simplifying payment acceptance and ensuring interoperability, the partnership is expected to encourage wider adoption of digital payments in both urban and semi-urban markets.<\/p>\n
With this rollout, Abhi MFB continues to expand its merchant-focused digital services, while 1LINK further extends the reach of Raast-powered solutions within Pakistan\u2019s payments landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI: ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments through Raast using QR technology. The agreement was formalized at a signing ceremony where Mariam Pervaiz, Chief Commercial Officer \u2013 Abhi Microfinance Bank, and<\/p>\n","protected":false},"author":5,"featured_media":4347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72,4332,4684,2480,5033],"tags":[5309,5308,4339,4338,4548,5314,5313,5311,5312,5307,5310,17],"class_list":{"0":"post-4346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog","8":"category-digital","9":"category-economy","10":"category-technology","11":"category-trade","12":"tag-1link","13":"tag-abhi-microfinance-bank","14":"tag-cashless-economy","15":"tag-digital-payments-pakistan","16":"tag-financial-inclusion","17":"tag-fintech-pakistan","18":"tag-merchant-payments","19":"tag-p2m-services","20":"tag-qr-payments","21":"tag-raast-p2m-digital-payments-for-merchants","22":"tag-raast-payments","23":"tag-slider"},"yoast_head":"\n