KICT launches 24/7 digital payment solution with Standard Chartered and Haball

KARACHI: Hutchison Ports KICT has partnered with Standard Chartered Bank Pakistan and Haball to implement an innovative digital payment solution aimed at streamlining and automating its payment systems.

This collaboration positions Standard Chartered as one of KICT’s core banking partners, providing real-time, API-driven reporting and account rationalisation. The newly integrated payment platform, developed with Haball, will enhance the ease, efficiency and security of KICT’s payment processes.

Customers can now benefit from an automated payment system that enables 24/7 direct payments, complementing the Online Trade Portal launched by KICT in 2023 to simplify cargo clearance at Karachi Port.

The agreement was signed by CEO & Head of Coverage at Standard Chartered Pakistan Rehan Shaikh; CEO of Hutchison Ports KICT Alvin Chow; and CEO of Haball Omer Ahsan.

Rehan Shaikh expressed his enthusiasm for the partnership, saying, “At Standard Chartered Pakistan, innovation is a cornerstone of our strategy as we continually invest in advancing our digital capabilities. By combining in-house expertise with strategic partnerships, we aim to deliver tailored solutions that empower our clients and drive efficiency. This collaboration reflects our commitment to enhancing liquidity management and streamlining collection processes, ultimately creating value for our clients and fostering growth for Pakistan’s financial ecosystem.”

Alvin Chow mentioned KICT’s ongoing commitment to enhancing customer experience. He said, “KICT has been Pakistan’s trade gateway for the past 25 years, and we are proud to take another meaningful step in enhancing our customer experience.

Through our online trade portal, and with the support of our partners Standard Chartered and Haball, this new 24/7 digital payment solution makes payments simpler and more accessible anytime, anywhere.”

Highlighting the role of digital innovation in empowering businesses, Omer Ahsan said, “This partnership aligns with our mission to empower businesses through innovative and efficient financial solutions. In collaboration with KICT and Standard Chartered, we are driving the advancement of the digital economy and enhancing efficiency within the trade value chain, enabling seamless, uninterrupted, and secure financial operations.”