Meezan Bank signs agreement with Master Group of Industries for provision of Transaction Banking Services
Meezan Bank, the Best Bank in Pakistan and Master Group, pioneer of foam industry in Pakistan have recently joined hands to streamline transaction banking services for Master Group. Under this agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Master Group to fully automate its customer collections and supplier payments, catering to every client’s needs with a configurable and intelligent platform. The partnership will focus on creating value for Master Group by serving as an end-to-end transaction banking ecosystem based around an array of services covering working capital cycle, standardized reporting, greater safety and efficiency as well as world-class cyber security – all in one place, via eBiz+ – an integrated solution.
The agreement was signed by Mr. Abdullah Ahmed – Group Head, Corporate & Institutional Banking, Meezan Bank and Mr. Shahzad Malik – Managing Director, Master Group. Also present at the occasion were Senior Executives of both organizations including Mr. Saqib Ashraf – Head of Transaction Banking, Meezan Bank, Mr. Amir Mushtaq Butt – Director Finance, Master Group and others.
Mr. Abdullah Ahmed, while speaking at the occasion said, “As Pakistan’s leading Islamic bank, Meezan Bank has sophisticated Transaction Banking services including cash management. We are thrilled to partner with Master Group as a trusted collaborator to automate their business/banking processes while ensuring operational integrity resulting in business efficiency with utmost security.”
Meezan Bank is capitalizing on the strong trend in the banking industry towards digital banking with more and more clients preferring more specific internet banking solutions. Mr. Shahzad Malik commended the Bank for bringing forth operational efficiency in its payments & collection process.
About Master Group
Pioneering foam manufacturing and provision in Pakistan, Master Group has also penetrated into textile, automotive, chemicals, home & office furniture and renewable energy sectors. Each company within the group is leveraging modern transmutation techniques to manufacture products of international standards.