Standard Chartered Pakistan partners
with Haball to enhance digital payment solutions
Standard Chartered Bank (Pakistan)
Limited has announced a strategic partnership with Haball, a leading provider
of digital supply chain payment solutions, and Hutchison Ports KICT to automate
and digitalize payment processes.
This collaboration positions
Standard Chartered as one of the primary banking partners for KICT, enabling
real-time, API-driven reporting and account rationalization. The new payment
platform, powered by Haball, will further streamline payment processes at KICT,
offering improved ease, efficiency, and security. The upgraded system will
allow customers to make automated payments 24/7, complementing KICT’s
Online-Trade Portal launched in 2023 to facilitate cargo clearance at Karachi
Port.
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The agreement was formalized with
the signing of the MoU by Rehan Shaikh, CEO & Head of Coverage at Standard
Chartered, Alvin Chow, CEO of Hutchison Ports KICT, and Omer Ahsan, CEO of
Haball.
Rehan Shaikh, CEO of Standard
Chartered Pakistan, commented, “Innovation is at the heart of our strategy, and
we continue to invest in advancing our digital capabilities. This collaboration
underscores our commitment to enhancing liquidity management, streamlining
collection processes, and ultimately creating value for our clients while
fostering growth in Pakistan’s financial ecosystem.”
Alvin Chow, CEO of Hutchison Ports
KICT, added, “KICT has served as Pakistan’s trade gateway for over 25 years,
and this partnership is a significant step forward in enhancing the customer
experience.”
Source: Business Recorder