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BancNet introduced the BancNet Rewards Points program on August 15, 2009, the first points-based rewards system exclusively for debit purchases in the country. Every Php 25 in spend using an ATM debit or prepaid card of a member bank earned the cardholder 1 point. 2,000 points were needed to redeem the cash rebate of Php 100.
BancNet is also the exclusive gateway of China's UnionPay, allowing access to the nearly 1 billion ATM cardholders from the People's Republic of China. BancNet is allied with global payment brand JCB International. Through this alliance, JCB cardholders can now do cash advances at participating BancNet member ATMs nationwide.
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NIB Bank Limited, a Temasek's subsidiary in Pakistan, is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the government of Singapore , through which is managed a portfolio of more than US$100 billion, focused primarily in Asia.
PayPak (Urdu: پے پاک) is a domestic payment service available in Pakistan. [1] It was launched in 2016 by 1Link to save inter-change costs of International Payment Schemes. PayPak cards can only be used on ATMs, POS terminals, and online transactions within Pakistan. [2]
Year 2006: 1LINK launched Inter Bank Funds Transfer Service (IBFT) Year 2007: 1LINK launched Utility Bill Payment Service (UBPS) 1LINK was converted to a Private Limited Company under section 49 of Companies Act 2017 on July 5, 2018. 1LINK is owned by the consortium of eleven major banks of the country and operates through a chief executive ...
Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
Remita is a financial services platform owned by SystemSpecs, a financial services company headquartered in Lagos, Nigeria. It has served as the gateway for the treasury single account of the Nigerian government since 2012. [1] [2]