Pakistan’s first PayPak Credit Card: HBL MfB, 1LINK, Euronet sign accord

ISLAMABAD: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt) Limited and Euronet Pakistan have signed a landmark tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming PayPak’s inaugural credit card partner. This milestone marks an important development in Pakistan’s payments landscape.

The agreement was signed by Amir Khan, President & CEO, HBL Microfinance Bank; Najeeb Agrawalla, CEO, 1LINK; and Kashif Gaya, CEO, Euronet. Under the partnership, 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.

HBL Microfinance Bank plans to introduce the PayPak Credit Card across all four variants: Green, Standard, Pink and Edge, designed to provide customers with greater choice and flexibility in meeting their livelihood needs. This initiative is part of bank’s broader plans to introduce both conventional and Islamic PayPak Credit Card offerings, expanding access to innovative credit solutions for microfinance customers across Pakistan.

Amir Khan, President & CEO, HBL Microfinance Bank, said, “At HBL Microfinance Bank, we see access to finance as a way to help customers move forward with confidence. As part of our commitment to expanding access to responsible and innovative financial solutions, we are proud to introduce the microfinance sector’s first credit card offering in Pakistan. This partnership aims to give microfinance customers greater choice, flexibility and convenience in how they access credit and make payments. By combining our customer reach with PayPak’s domestic network and Euronet’s technology, we are pioneering a new chapter for the microfinance industry, bringing credit card access to a segment traditionally underserved by conventional banking products. This initiative will help support our customers’ livelihood needs while promoting responsible borrowing and greater financial inclusion.”

Najeeb Agrawalla, CEO of 1LINK, said, “Today marks a landmark moment for Pakistan’s payments ecosystem with the signing of the agreement for the first PayPak Credit Card. This milestone reflects the strength of our domestic payment infrastructure and our commitment to delivering secure, convenient, and locally powered payment solutions. We are proud to partner with HBL Microfinance Bank and Euronet to see PayPak continue to evolve and shape the future of payments in Pakistan. This is an important achievement, and an important step towards building a stronger, more inclusive and locally driven digital payments ecosystem in Pakistan.”

Kashif Gaya, CEO, Euronet, said, “We are proud to support this landmark PayPak Credit Card initiative as a card processor and the technology partner, bringing Euronet’s proven processing capabilities and deep payments expertise to the program. We are pleased to partner with HBL Microfinance Bank and 1LINK in bringing this significant program to market. I would also like to congratulate HBL Microfinance Bank on becoming the inaugural partner for PayPak Credit Cards and 1LINK on this occasion.”

The partnership brings together HBL Microfinance Bank’s reach in microfinance, PayPak’s domestic payment network, and Euronet’s technology capabilities to bring a new locally powered credit card proposition to Pakistan.

Copyright Business Recorder, 2026