Karachi, July 04, 2023 (PPI-OT): Al Meezan Investment Management Limited, has been onboarded by 1LINK (Pvt.) Ltd. as an Affiliate member through M/s Meezan Bank Limited as its settlement bank. This collaboration will enable Al Meezan’s investors to conveniently manage digital payments through 1IBFT, 1BILL and will host other services using their portal and mobile application. Present at the ceremony were Mr. Mohammad Shoaib, CEO - Al Meezan Investments with his team, Mr. Shariq Mubeen, Chief Digital Officer - Meezan Bank Limited, Mr. Najeeb Agrawalla, CEO 1LINK and Mr. Umer Ansari, Head of Business Development 1LINK.
Mr. Najeeb Agrawalla commented, “The fact that financial services are keeping up with the rapid rate of technological innovation is positive. By providing smooth, interoperable payment solutions and digital services, 1LINK aims to facilitate the flow of transactions among economic agents. We are happy to provide Al Meezan Investment our dependable and expandable line of services and we wish them success.”
Mr. Mohammad Shoaib added, “I am extremely pleased with this collaboration; it is a key milestone in our digital transformation journey bringing us a step closer to our goal of promoting rate of savings in our country and improving user experience. This initiative will enable investors to use their mutual fund account just like a bank account for payments, eliminating the need to move proceeds first to their bank accounts before using it for their day-to-day financial transactions.”
Mr. Shariq Mubeen added, “Meezan Bank is happy to collaborate with Al-Meezan Investment Management and 1LINK to enable real time digital payments for the investors to provide them with the same convenience as regular banking customers. We believe it will go a long way in boosting the confidence and trust of investors and help grow the culture of investments in the country.”
For more information, contact:
Meezan Bank Limited
Meezan House, C-25 Estate Avenue,
SITE, Karachi, Pakistan
Tel: +92-21-38103500
Fax: +92-21-36406049
Website: www.meezanbank.com