STAFF REPORTER
KARACHI Haball, a B2B Fintech, and 1Link announce a partnership to digitize supply chain payments in response to contain the spread of Covid-19. COVID-19 can spread by cash/ cheque/pay-order. WHO has warned that the virus can survive on paper money for a longer period of time. Globally, central banks have issued advisory to the financial institutions to encourage their customers to use digital banking facilities as far as possible. Business to business payments account for the largest circulation of cash and paper-based instruments in Pakistan. Haball has introduced a solution in collaboration with 1LINK and other key players to quickly adopt digitize payments for such supply chain verticals, that are essential for sustaining the economy. Haball is currently working with Pakistan’s largest Multinationals and FMCGs, ensuring liquidity by enabling manufacturers to receive payments from their customers digitally. Through Haball, corporate customers can make payments from any bank of their choice. “We urge companies to implement digital alternatives to avoid unnecessary human interaction in their supply chain, such as depositing payments at a branch.” said Omer Bin Ahsan, CEO at Haball.
