Business

Naheed signs up with HBL pay for business banking

Written by The Frontier Post

F.P. Report

KARACHI: Naheed Supermarket, one of the leading names in the retail shopping in Pakistan, has signed up with HBL Pay to enable Transaction & Employee Banking Services. The agreement covers enablement of cashless banking products like; Internal Bank transfers, IBFT, Smart Cheques, E-Collections.
The strategic alliance between HBL & Naheed Supermarket will bring a radical impact on B2B E-Commerce, implemented through the digital products offered by TEB and I&FI, along with an extensive branch network and HBL Konnect footprint. HBL has also deployed Point of Sale (POS) payment services, along with integrated solutions to combat the limitations of outdated core systems and provide the ease of reconciliation and efficient inventory and cash flow management.
Sharing his thoughts at the occasion, Mr. Munsub Abrar, CEO Naheed said, “Naheed Supermarket has always been on the lookout to facilitate to bring process efficiencies through digital payment system and has successfully partnered with HBL’s tailor made solutions. It is another step towards the digitization of our day-to-day operations.”
The digitization of Naheed shall entail a new way to work for the entity using our state of the art HBL Pay Business Banking – to reduce payment complexity, increase flexibility of collection and payroll workflows along with offering a greater degree of organizational agility. The agreement was recently signed by Mr. Munsub Abrar- Proprietor of Naheed Supermarket and Mr. Arsalan Qutb, Country Head Sales, TEB, HBL, in the presence of Mr. Abraruddin, the Founder and Chairman Naheed Supermarket, Muhammad Fahad COO, along with the senior team members from both the organizations.
Naheed Supermarket is one of the oldest super markets in Karachi that pioneered the concept of retail shopping in Pakistan. Started in 1973, as the corner grocery shop, and has since grown to offer the unique shopping experience at its impressive multistory store, and online.
HBL Pay – Business Banking is an online platform which enables the users to make bulk payments in a cost effective, secure, and reliable manner. HBL PAY – Business Banking is directly integrated with the core banking system and 1-Link network, providing a 24/7 accessibility to process transactions through various channels with the ease of real-time processing.

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The Frontier Post