KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) has combined its worldwide experience in the digital domain with its local understanding to create a one-of-a-kind service.
SCBPL has formed a relationship with Haball, Pakistan’s first B2B Fintech, with the goal of digitising supply chain collecting and streamlining customers’ business operations.
SCBPL understands how important digital connectivity is for corporate success. SCBPL will continue to invest in and accelerate digital solutions through partnerships, transactions, and cooperation, working hand-in-hand with top fintech entrepreneurs to create new ideas throughout the markets.
The goal of the partnership is to create an atmosphere that encourages people to use institutional vehicles to make digital payments. This would bring digital financial inclusion to Pakistan’s distribution and retail sectors. Haball is the first Fintech firm in Pakistan to partner with SCBPL, with the purpose of improving supply chain efficiency and growth for major enterprises through speedier transactions.
Haball is presently working with Bank clients in a variety of industries to digitise their value chain data all the way down to the store level. Manufacturers and service providers can use its services to lessen dependency on cash-based transactions and automate the reconciliation process. Haball has helped to accelerate the acceptance of digital payments and continues to support the digital economy.
Shiraz Hyder, Head of Transaction Banking, SCBPL stated, “Standard Chartered is pleased to partner with Haball Pvt Ltd.”
He went on to say, “an enabler, and partnerships between fintechs and banks can create opportunities that neither party could deliver alone. Our partnership with Haball will enable corporates to effectively digitise their order-to-collections cycle, while providing end-to-end visibility across the value chain, through a truly bank agnostic solution.”