ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments through Raast using QR technology.
The agreement was formalized at a signing ceremony where Mariam Pervaiz, Chief Commercial Officer – Abhi Microfinance Bank, and Najeeb Agrawalla, Chief Executive Officer – 1LINK, signed on behalf of their respective organizations. The ceremony was also attended by Kabeer Naqvi, Entrepreneur in Residence – Abhi Fintech, along with senior representatives from both institutions.
Under this collaboration, Abhi MFB will integrate 1LINK’s 1GO Raast P2M static QR solution into its merchant ecosystem. This will allow shopkeepers, small businesses, and service providers to accept digital payments directly into their bank accounts without the need for expensive hardware or complex setup. Customers will be able to make payments instantly using Raast-supported mobile banking apps and wallets, creating a simple and interoperable payment experience.
The initiative is designed to address one of the key challenges for small merchants, access to easy, low-cost digital payment acceptance. By enabling QR-based payments, Abhi MFB aims to help merchants reduce cash handling, maintain better transaction records, and improve cash flow visibility. Faster settlement of funds and transparent transaction trails are also expected to support merchants in building stronger financial profiles over time.
