Karachi: Habib Bank Limited HBL, Pakistan’s largest bank, recently signed an agreement with Daewoo Pakistan Express Bus Service Ltd., the first and largest foreign investment company with an advanced and organised transport system in Pakistan, to provide state-of-the-art electronic cash management solutions.
The agreement was signed by Faiq Sadiq, Head Payment Services HBL and Faisal Siddiqui, Director Investment Planning Daewoo Express Bus Service Ltd.
Under the agreement, HBL will provide electronic and alternate delivery channels to Daewoo Pakistan, including Cash-in-Transit CIT management, pan-Pakistan ATM deployment and other electronic banking services. Also, as part of the agreement, HBL recently installed 12 ATMs at Daewoo terminals, with 10 more ATMs to be installed over the next few months.
Addressing the occasion, Faiq Sadiq, Head Payment Services said “HBL has always been at the forefront in delivering and meeting the demands of customers. This agreement is a beginning of a strategic relationship with Daewoo which will bring innovative solutions that meet the banking needs of our customers.”
Faisal Siddiqui expressed his gratitude upon entering into this relationship with HBL. “We are extremely happy and excited to partner with Pakistan’s largest bank. Daewoo Pakistan Express Bus Service operates over 350 departures a day, with over 40 destinations all over the country. The company is pleased to partner with HBL on a variety of banking solutions that would help enhance service offering to customers,” concluded Siddiqui.