Pakistan’s largest commercial bank HBL has now enabled its customers to pay for their Honda cars directly using HBL Mobile! Being the first commercial bank to be established in Pakistan in 1947, HBL has 1700+ branches in over 25 countries across the world. Serving 23 million+ customers worldwide, the bank has repeatedly ranked top Pakistani company in the Forbes Global 2000.
Digital payments methods specifically saw a major development in the span of four to five years throughout the world. During the pandemic, it was necessary to improve online transactions by making them safe, accurate and faster as it was the only way to sustain economic activity.
In Pakistan also, digital payments adoption, especially through mobile apps and wallets have been growing at a very fast pace and HBL has been at the forefront of digitizing financial services in the country through its technology driven initiatives. It has been making every effort to enhance the digital experience of its clients across the network. Digital transactions continue exponential growth with HBL’s Mobile Banking and Internet Banking volumes more than doubling from Rs95 billion in Q1 2020 to Rs212 billion in Q1 2021.
The largest motorcycle maker and market leader in Pakistan ‘Honda Atlas Cars’ aspires to expand the horizons to provide customer convenience through its numerous products, which can now be realized through digital payments directly from HBL Mobile.
#HBL has joined hands with #Honda to introduce a digitized car purchasing experience for its customers.
Instead of paying through cheques & pay orders, customers can now pay through HBL Mobile with just a few taps for their new car!Download: https://t.co/gKtocxtqFr
T&C's apply pic.twitter.com/60mdQu3z2u
— HBL (@HBLPak) June 17, 2021
“Purchasing a car is not just a matter of convenience in Pakistan, a household brand name such as Honda Atlas Cars Pakistan Limited enables consumers to lock in value, while servicing customer needs for years to come.
Enabling car purchases through HBL Mobile without the need to visit the bank branch will thus prove to be a milestone for the customers looking to invest in their future with a new purchase” said Mr. Amir Nazir, General Manager- Sales & Marketing, Honda Atlas Cars Limited.
The current government is also working tirelessly towards the digitization of Pakistan. The first ever Digital Policy of the country was announced in 2018 and since then there has been no looking back. In line with his vision to allow greater connectivity, productivity, and security in the country, PM Khan inaugurated the ‘Digital Pakistan’ project in 2019. This project is aimed at advancing digital infrastructure, increasing investment in digital skills, promoting innovation, and tech. entrepreneurship.
Read More: HBL inks landmark investment in Finja, Pakistan’s leading fintech startup
Commenting on the partnership between HBL and Honda, Aamir Irshad, Head Corporate, Commercial and Investment Banking – HBL, said: Honda Atlas Cars Pakistan Limited has been dealing with HBL for a long time, and Honda is a premier brand in the market.
HBL and Honda take great pride in facilitating customers with convenience, security and reliability by enabling them to use digital channels to make these payments.
This is a first for Pakistan’s digital payments landscape, and we are proud to be partnering with Honda.