Haball, 1LINK and Meezan Bank sign an agreement to accelerate digitization of B2B payments in Pakistan
October 03, 18 – Karachi: An agreement was signed amongst Haball, 1LINK (Pvt) Limited (1LINK) and Meezan Bank Limited (Meezan Bank) to introduce a fast, secure and simple payment solution to accelerate digital payments in the Pakistani B2B space. The signing ceremony was held at 1LINK head office, Karachi.
This arrangement will ease B2B payment by enabling businesses of all sizes to make inter-entity digital payments, that fulfill their existing bookkeeping, reconciliation and reporting processes using Haball’s Context Driven Payment solution. This solution introduces new standards, providing a one-window B2B payment aggregation solution for consolidated information across all omni-channel end-points. While Haball’s role will be of an aggregator, Meezan Bank will perform the settlement function. 1LINK’s largest and state of the art infrastructure will ensure seamless processing of the transactions.
“Businesses can now benefit from our context driven payment solution, automating the most fundamental business processes” said Mr. Omer Bin Ahsan, CEO, Haball. “Haball provides businesses a convenient way to pay digitally and instantly, bringing efficiencies in existing business processes by streamlining existing workflows and improving productivity”.
Mr. Najeeb Agrawalla, CEO 1LINK commented “1LINK is at the forefront in bringing innovation in digital payments sphere, resulting in convenience and secure payment methods. Haball’s solution for B2B payments will create the ease of doing business in Pakistan and also positively add towards its economy”.
Mr. Ariful Islam, Deputy CEO, Meezan Bank said “Meezan Bank has a clear and focused Digital strategy and this collaboration is one of the various Fintech alliances that we have been working on. We are very excited to be the first bank to partner with Haball and 1LINK, bringing digital payment automation solutions in the B2B landscape in Pakistan. We admire Haball’s dedication to revolutionize commercial payments, and through this partnership we plan to address the challenges in the Pakistani B2B payment space effectively”.
Fatima group is the first business conglomerate in Pakistan to adopt Haball’s B2B payment automation solution. “We look forward to using Haball’s solution as the platform to integrate all types of payments,” said Mr. Sardar Naufil Mahmud, CIO, Fatima Group, “optimizing Order-to-Cash and subsequently Procure-to-Pay cycles with full integration to our existing ERP systems.