M&P Pakistan’s collection services: Meezan Bank to accelerate digitalization

KARACHI: Meezan Bank has announced the provision of Transaction Banking services to Muller & Phipps Pakistan, the largest Pan-Pakistan cross industry Market Expansion Services provider with a history of 109+ years of doing business in the region.

The agreement will create a new way to work for Muller & Phipps Pakistan through Meezan Bank’s state-of-the-art Transaction Banking Portal - eBiz+ to reduce payment complexity, increase flexibility of collection workflows and ultimately offer a greater degree of organizational agility. As per the agreement, Meezan Bank will provide Transaction Banking services to Muller & Phipps Pakistan to automate complex payments and collections workflows. The Bank’s core suit of integrated solutions will help combat the limitations of outdated core systems and provide ease of reconciliation and efficient cash flow management. With the additional benefit of seamless integration, eBiz+ will further improve the bottom-line for Muller & Phipps partners and clients.

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

Copyright Business Recorder, 2021