1Link Launches PayPak Loyalty Program with Takaful Coverage in Collaboration with TPL Life

By Team BitBol, 

PayPak, Pakistan’s first domestic payment scheme launched by 1LINK, is
set to introduce an innovative Loyalty Program for its customers with TPL Life as the
Family Takaful coverage provider.
 
Following the partnership, TPL Life, a leading InsurTech in Pakistan will provide
complimentary Family Takaful coverage to all new and existing PayPak card holders of
Islamic accounts. With the PayPak loyalty program, customers will not only enjoy a
range of deals and discounts with over 12,500+ merchants nationwide, but also have
the added benefit of free Takaful coverage up to Rs. 100,000 in case of death, including
accidental and natural causes.
 
The move is in line with TPL Life’s vision of being at the forefront of Pakistan’s digital
insurance revolution, whether in the form of going first to market with innovative
insurance/takaful offerings, or by making insurance/takaful accessible to the average
Pakistani through the use of technology.
 
Commenting on the partnership, Faisal Abbasi, CEO, TPL Life said, “As a true
Insurtech, we believe in introducing and supporting technologically enabled innovative
insurance/takaful solutions and our partnership with PayPak is a step in the same
direction. In today’s fast paced world, providing multiple options, convenience and ease
of usage establishes the basis of value addition for customers. I am confident that our
partnership with 1LINK will help both the companies achieve significant milestones in
the future.”
 
Mr. Najeeb Agrawalla – CEO, 1LINK commented, “1LINK is dedicated to digitizing the
payments ecosystem by offering payment solutions that are beneficial for all. PayPak,
as one of the catalyst forces in the domestic payments industry, is playing an

instrumental role in furthering the agenda. We are pleased to collaborate with TPL Life
for provision of takaful coverage to customers of Islamic banks and Islamic windows of
conventional banks as part of the PayPak loyalty program. We hope that this program
will foster an enhanced value offering for PayPak cardholders making it their card of
choice”.

About Ali Raza

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