ISLAMABAD, September 29, 2026: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt.) Limited and Euronet Pakistan have signed a tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming the inaugural credit card partner of PayPak.
The partnership marks a significant development in Pakistan’s domestic payments ecosystem and is aimed at expanding access to credit card-based payment solutions for microfinance customers.
HBL Microfinance Bank to Issue PayPak Credit Cards
The agreement was signed by Amir Khan, President and CEO of HBL Microfinance Bank; Najeeb Agrawalla, CEO of 1LINK; and Kashif Gaya, CEO of Euronet.
Under the partnership, each organization will play a specific role in bringing the PayPak Credit Card to market.
HBL Microfinance Bank will issue the PayPak Credit Cards and lead the customer proposition. 1LINK will provide the PayPak payment scheme, while Euronet will provide the card processing technology platform and implementation support.
Four PayPak Credit Card Variants Planned
HBL Microfinance Bank plans to introduce the PayPak Credit Card in four variants: Green, Standard, Pink and Edge.
The different variants are intended to provide customers with greater choice and flexibility in meeting their financial and livelihood needs.
The initiative is also part of the bank’s broader plans to offer both conventional and Islamic PayPak Credit Card products. The expansion is expected to provide microfinance customers across Pakistan with access to additional credit solutions.
HBL Microfinance Bank Highlights Financial Inclusion
Amir Khan, President and CEO of HBL Microfinance Bank, said the bank views access to finance as an important means of helping customers move forward with confidence.
He said the initiative reflects HBL Microfinance Bank’s commitment to expanding access to responsible and innovative financial solutions.
According to Khan, the partnership will provide microfinance customers with greater choice, flexibility and convenience in accessing credit and making payments.
He added that combining HBL Microfinance Bank’s customer reach with PayPak’s domestic network and Euronet’s technology would help extend credit card access to customers who have traditionally been underserved by conventional banking products.
The bank expects the initiative to support customers’ livelihood needs while promoting responsible borrowing and financial inclusion.
1LINK Calls Agreement a Milestone for Domestic Payments
Najeeb Agrawalla, CEO of 1LINK, described the agreement as a landmark development for Pakistan’s payments ecosystem.
He said the first PayPak Credit Card reflects the strength of Pakistan’s domestic payment infrastructure and 1LINK’s focus on secure, convenient and locally powered payment solutions.
Agrawalla said the partnership with HBL Microfinance Bank and Euronet would support the continued evolution of PayPak and contribute to the development of a stronger and more inclusive digital payments ecosystem.
Euronet to Provide Processing Technology
Kashif Gaya, CEO of Euronet, said the company would support the initiative as card processor and technology partner.
Euronet will provide its card-processing capabilities and payments expertise for the program, alongside implementation support.
Gaya welcomed the partnership with HBL Microfinance Bank and 1LINK and congratulated HBL Microfinance Bank on becoming PayPak’s inaugural credit card partner.
Partnership Combines Banking Reach and Domestic Payment Infrastructure
The agreement brings together the respective capabilities of the three organizations.
HBL Microfinance Bank will contribute its reach within the microfinance sector and customer proposition, 1LINK will provide the domestic PayPak payment network, and Euronet will provide the technology and processing infrastructure.
The partnership is expected to introduce a locally powered credit card proposition to Pakistan’s microfinance market while expanding the range of payment and credit solutions available to customers.
The initiative also represents an expansion of PayPak’s role within Pakistan’s payments landscape, with the domestic payment scheme moving into credit card services through its inaugural partnership with HBL Microfinance Bank.