1Link, Golootlo sign agreement

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Staff Reporter

Karachi

1LINK (Pvt.) Limited (1LINK) and Decagon Pakistan (Pvt.) Limited (Golootlo) have signed an agreement to enable 1QR as a channel to promote account baseddigital 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. Alternatively, participating banks can further augment their Bank Apps to leverage the Golootlo1QR payment service for their customers. 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. There is no concept of “MDR” or “acquiring”, and hence recipient outlet/business/person pays no MDR or fee, and the entire transaction amount is transferred to recipient’s nominated bank account, using 1LINK’s 1IBFT rails.