KARACHI: Haball in partnership with Meezan Bank has announced the launch of Blink Direct, a service that will enable digital payments for Pakistani businesses and their supply chain partners.
Meezan Bank has become the first bank in Pakistan to enable paperless digital payments for businesses using the Haball platform.
The new service will accelerate digital payments to payees while completely removing the friction caused by manual reconciliation errors. Meezan Bank customers will be able to link their bank accounts with the Haball App directly for performing transactions while reaping the benefits of a cashless supply chain.
The Blink Direct facility, will allow Haball to address the challenge of delays in invoice reconciliation; an issue that plagues many large and small businesses, and causes payment delays as a result of which the working capital of the business is not managed efficiently.
The service also maps each payment, invoice, pay order etc. to the context of why a payment was initiated. This allows corporates and distributors to reconcile their invoices and payments automatically, reducing errors and time required to reconcile every payment.
Blink Direct is now available as a standard offering in the Haball App and Platform suite, eliminating manual payments and offering businesses greater transparency for the entire value chain including retailers, distributors and corporate entities.
Omer Bin Ahsan, CEO Haball, commented on the partnership said that Blink Direct enables money to move digitally throughout the supply chain in the fastest and most reliable manner.
Copyright Business Recorder, 2020