July 29th, 2024
Meezan Bank, Pakistan’s leading Islamic bank, has recently announced that it has entered into a referral arrangement with Haball Pvt Ltd, a premier digital payments platform. Mr. Muhammad Abdullah Ahmed, Group Head – Transaction and International Banking Group at Meezan Bank, and Mr. Omer Bin Ahsan, CEO of Haball (Pvt) Limited, signed the agreement.
Meezan offers a wide range of services to its customers. The Transaction and Employee Banking (TEB) unit primarily provides traditional and contemporary cash management services with system integration capabilities. Additionally, Meezan offers digital payment solutions to corporate, commercial, SME, and retail business segments through its eBiz+ platform, which empowers businesses to process vendor payments, utility bills, taxes, dividends, and payroll transfers seamlessly. Meezan Payroll Partner (MPP) is another comprehensive payroll solution delivered directly to businesses. These combined offerings from Meezan’s TEB team add convenience to the finance, sales, and HR departments, with ongoing innovation and new features continuously enhancing their value.
Through this referral arrangement, Meezan’s clients can now leverage Haball’s multi-bank cash management services to fully digitize their order management lifecycle. Additionally, with the convenience of receiving dealer collections directly into their Meezan accounts, regardless of the initiating bank, buyers will benefit from seamless and hassle-free funds disbursement. This initiative will not only enhance Meezan Bank’s existing cash management system but also expand the reach of its products, Meezan eBiz+ and Meezan Payroll Partner, to a broader customer base.
Mr. Muhammad Abdullah Ahmed, Group Head – Transaction and International Banking Group at Meezan Bank, and Mr. Omer Bin Ahsan, CEO of Haball (Pvt) Limited at the signing ceremony, alongwith their respective teams.
Mr. Abdullah Ahmed, while speaking at the occasion said, “We are excited to partner with Haball and believe this partnership will benefit both of our customers. We look forward to working with Haball to help businesses in Pakistan streamline their payments process and improve their cash flow.”
Mr. Omer Bin Ahsan, said, “This collaboration with Meezan is a testament to our commitment to innovation in the digital payments space. We are confident that this partnership will bring immense value to our clients by offering them seamless and efficient financial services.”
This agreement marks a significant step forward in the strategic partnership between Meezan and Haball, aimed at leveraging digital innovation to offer their customers seamless and efficient financial services. The collaboration is expected to drive growth, enhance service delivery, and expand the reach of both organizations in the digital payments landscape.