What Happened: 1LINK’s Open API Gateway is advancing open banking in Pakistan by fostering innovation, easing entry for fintechs, and promoting financial inclusion.
What you need to know: Open banking is transforming Pakistan’s financial sector, with 1LINK at the forefront through its Open API Gateway. This platform, which offers 16 APIs and a developer portal, encourages collaboration among banks, fintechs, startups, and government entities, laying the groundwork for a thriving financial technology ecosystem.
What more: In a market where high compliance costs and regulatory delays hinder startups, 1LINK’s Open APIs reduce entry barriers, enabling non-regulated entities to focus solely on product development. Supporting both SOAP and REST protocols with extensive documentation, 1LINK caters to Pakistan’s developer community, fostering innovation and financial inclusion.
Also: As open banking gains momentum and regulatory support, Pakistan could pioneer its own path to an inclusive, tech-driven financial future.