What is paypak?

PayPak is Pakistan's first domestic payment scheme that was launched by 1LINK in June 2018. It aims to provide a local alternative to international payment methods such as Visa and Mastercard. PayPak cards can be used for making purchases at various merchants and online transactions within Pakistan.

Some key features of PayPak include:

1. Lower transaction fees: PayPak offers lower transaction fees compared to international payment schemes, making it an affordable option for both consumers and merchants.

2. Wide acceptance: PayPak cards are accepted at a growing number of merchants across Pakistan, including retail stores, restaurants, and online platforms.

3. Enhanced security: PayPak cards come with advanced security features to protect against fraud and unauthorized transactions.

4. Local support: PayPak is supported by local banks and financial institutions, providing better customer service and support to cardholders.

Overall, PayPak offers a convenient and secure payment option for consumers in Pakistan, promoting financial inclusion and reducing dependence on international payment schemes.