Standard Chartered, Unilever enter coop

STAFF REPORT ISB: Standard Chartered, the largest international bank in Pakistan, and Unilever Pakistan Limited, one of the largest consumer goods company in the country, have signed an agreement for collections of implementation, where Virtual Accounts technology is used to collect payments from dealers in remote areas of the country.

Standard Chartereds relationship with its clients is a manifestation of its commitment to Pakistan.

The Standard Charteredis keen on building long-term partnerships with its clients, using global standard banking solutions to help add value to local businesses at the grassroots level.

A significant portion of Unilever Pakistans dealers makes payments via Demand Draft instruments, and time lags or delays in payments can hinder the supply chain and reduce availability of supplies for shops and stores in far-flung areas.

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