Standard Chartered and Oasis Travel, signed an agreement for Small and Medium Enterprises (SME) Cash Management services. Through this arrangement Standard Chartered will provide a comprehensive payments and collections solution.
The payments solution will be made available through the banks electronic banking platform, Straight2Bank. It is a tool to efficiently execute and monitor cash management, foreign exchange and trade finance activities. It also offers a wide range of payment solutions on a single platform. This includes transfers, corporate cheques, pay orders, payroll and telegraphic transfers.
Commenting on this occasion, Aalishaan Zaidi, Head of Consumer Banking, Standard Chartered said, "Standard Chartered, consistent with our brand promise of being here for good for our clients, offers banking solutions and products that greatly enhance our clients' operational efficiency. We believe that this product offering to Oasis Travel (Pvt) Ltd will go a long way in helping Oasis Travel (Pvt) Ltd further streamline their business operations through efficient and secure solutions. This is one if its kind cash management solution to meet present and future needs of all small and medium enterprises".
Standard Chartered SME banking was established as a dedicated business in Pakistan with an aim to meet unique needs of its customers. The Bank's SME Banking comprises team of qualified professionals who design and structure financial solutions that fulfil customers' requirements.
In line with the Bank's SME Banking platform, Cash Management is one of the focus areas, which has been extended to SME customers to help them manage their cash flows through electronic channels, which are synchronised with their Enterprise Resource Planning (ERP) systems.
Standard Chartered Bank in Pakistan has developed its franchise to the point where it is now amongst the top local players. Its journey of transformation in Pakistan has seen it grow from 115 branches and 22 cities in January 2007 to 162 branches in 41 cities of the country in 2010, employing a workforce of more than 5,000 people.
Oasis Travels (Pvt) Ltd has a history of over twenty years for providing responsible and efficient services to travellers. Today Oasis Travels (Pvt) Ltd is ranked as the top 3 in travel companies operating in Pakistan and providing a full range of travel products to business, leisure and religious travellers.-PR
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