KARACHI, December 18, 2024: Hutchison Ports KICT has launched a cutting-edge digital payment solution in partnership with Standard Chartered Bank Pakistan and Haball. This collaboration aims to automate and streamline payment systems at KICT, further enhancing operational efficiency and security.
Standard Chartered Bank, now one of KICT’s core banking partners, will provide real-time, API-driven reporting and account rationalisation. The new payment platform, powered by Haball, will allow for 24/7 automated payments, complementing KICT’s Online-Trade Portal introduced in 2023, which facilitates cargo clearance at Karachi Port.
The agreement was signed by Rehan Shaikh, CEO & Head of Coverage, Standard Chartered; Alvin Chow, CEO of Hutchison Ports KICT; and Omer Ahsan, CEO of Haball.
Rehan Shaikh of Standard Chartered highlighted, “Innovation is central to our strategy, and by combining our expertise with strategic partnerships, we are providing tailored solutions to empower our clients and drive efficiency. This collaboration helps streamline collection processes, boost liquidity management, and foster growth in Pakistan’s financial ecosystem.”
Alvin Chow, CEO of KICT, added, “As Pakistan’s trade gateway for the past 25 years, we continue to enhance the customer experience. The introduction of this 24/7 digital payment solution, alongside our Online Trade Portal, simplifies payments and supports Pakistan’s vision of easing business transactions.”
Omer Ahsan, CEO of Haball, noted, “This partnership reflects our mission to drive the digital economy forward. By working together with KICT and Standard Chartered, we are improving efficiency and ensuring secure financial operations in Pakistan’s trade sector.”
Hutchison Ports KICT, located at Karachi Port Trust’s West Wharf, is part of Hutchison Ports, which operates 53 ports across 24 countries.
