Haball, 1Link and Meezan Bank partner for B2B payments in Pakistan

Tuesday 9 October 2018 10:16 CET | News

Fintech company Haball has signed an agreement with electronic trading platform 1Link and Meezan Bank to introduce a solution for digital payments in the Pakistani B2B space.

This arrangement will allow businesses to make inter-entity digital payments, that fulfil their existing bookkeeping, reconciliation and reporting processes using Haball’s “context driven” solution.

While Haball’s role will be of an aggregator, Meezan Bank will perform the settlement function. 1Link’s infrastructure will ensure processing of the transactions.

Fatima Group is the first business conglomerate in Pakistan to adopt Haball’s B2B payment automation solution. Fatima Group will use order-to-cash and subsequently procure-to-pay cycles with “full integration” to its existing ERP systems.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Haball, 1Link, Meezan Bank, B2B payments, Pakistan, digital payments, aggregator, automation
Countries: World