HBL, SEFAM sign agreement

KARACHI: Habib Bank Limited (HBL) has signed an agreement with SEFAM Group of Companies to provide real time cash management solutions, a statement said on Friday.
Under the agreement, HBL would provide sales proceeds management through its counters and POS machines as well as manage the group’s payroll through HBL Employee Banking Solutions.
CEO SEFAM Group Hamid Zaman said, “For SEFAM’s vision of creating an ECO system, HBL would be a strategic banking partner in providing collection platform and E-commerce initiatives.”
Head Payment Services SEFAM Group Faiq Sadiq said, “HBL’s IT platform gives us a unique ability to provide real time cash management solutions to our clients.” The signing ceremony was attended by the officials of HBL and SEFAM group.