HBL Microfinance Bank, 1LINK & Euronet Sign Agreement To Launch Pakistan’s First PayPak Credit Card.
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✧ GENERATE BRIEFING
HBL Microfinance Bank, 1LINK, and Euronet partner to launch Pakistan’s first PayPak Credit Card, expanding responsible credit access across four card variants. HBL Microfinance Bank (HBL Microfinance Bank), 1LINK, and Euronet Pakistan have signed a landmark tripartite agreement to introduce Pakistan’s first PayPak Credit Card, making HBL Microfinance Bank the inaugural credit card partner for the domestic payment scheme.Signed on September 29, 2026, the alliance brings together HBL Microfinance Bank’s vast microfinance reach, 1LINK’s PayPak domestic payment network, and Euronet’s advanced card processing technology. HBL MfB plans to roll out the new credit card across four variants Green, Standard, Pink, and Edge offering both conventional and Islamic options. The initiative is designed to bridge a crucial financing gap, giving underserved microfinance customers and livelihood earners flexible, secure, and locally powered access to credit.
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 Mr. Amir Khan, President & CEO, HBL Microfinance Bank; Mr. Najeeb Agrawalla, CEO, 1LINK; and Mr. 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.
Expanding Financial Access Across Four Variants
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 the 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.
Mr. 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.”
Strengthening the Local Payments Ecosystem
Mr. 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.”
Mr. Kashif Gaya, CEO, Euronet, added, “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.
