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Muller & Phipps Pakistan’s collecting services will be digitalized faster thanks to Meezan Bank

Meezan Bank, Pakistan’s Best Bank, has announced that it will supply Transaction Banking services to Muller & Phipps Pakistan, the region’s leading pan-Pakistan cross-industry Market Expansion Services provider with a 109-year track record. Through Meezan Bank’s state-of-the-art Transaction Banking Portal – eBiz+, the arrangement will enable a new way of working for Muller & Phipps Pakistan, reducing payment complexity, increasing flexibility of collection operations, and eventually offering a greater degree of organisational agility.

According to the deal, Meezan Bank will supply Muller & Phipps Pakistan with Transaction Banking services in order to simplify complex payment and collection procedures. The Bank’s core suite of integrated solutions will aid in overcoming the limits of out-of-date core systems, as well as simplifying reconciliation and improving cash flow management. With the added benefit of seamless connection, eBiz+ will help Muller & Phipps partners and clients enhance their bottom line even more.

Also read: Engro has signed PKR 4,500 million Islamic syndication facility with Meezan Bank.

The agreement was recently signed by Mr. Kamran Nishat – MD & CEO, Muller & Phipps Pakistan and Mr. Muhammad Abdullah Ahmed – Group Head, Corporate & Institutional Banking, Meezan Bank at Muller & Phipps Pakistan’s Head Office, Karachi.

Commenting at the occasion, Mr. Abdullah Ahmed said, “Meezan Bank and Muller & Phipps Pakistan are aligned on the path of digital transformation by enabling more convenient cash management services. This partnership will strengthen and drive innovative digital cash flow management for businesses and corporates in Pakistan and will speed up Muller & Phipps Pakistan’s cash collection cycle through automated streamlined processes; as a result, enhancing their overall customer experience in managing business operations.”

Mr. Kamran Nishat, while speaking at the occasion stated, “Muller & Phipps Pakistan has critical mass infrastructure and unmatched reach across 75,000+ outlets in 975+ towns across Pakistan. We are excited to explore novel business opportunities in the Pakistani digital financial ecosystem in general and payments mechanism in particular where Meezan Bank plays an important role. We believe that our collaboration with Meezan Bank will allow us both to bring in our strengths to promote digitization across different paradigms of the Pakistani business landscape.”

 

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