MNET (interbank network)

Incorporated in 2001, MNET was the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions.^[1]

In 2002, SBP circular for the mandatory connectivity of either of the two switches (1LINK or MNET).^[2]

In 2004, SBP instructed 1LINK and MNET to interconnect with each other.^[3]

The company is now being closed as MCB has now become a member bank of 1LINK.

MNET Services (Private) Limited amalgamated with MCB Bank, the effective date of amalgamation is April 30, 2019.^[4][5][6]