Standard Chartered collaborates with TPL Trakker
Standard Chartered Bank (Pakistan) is a leading global bank that has partnered with TPL Trakker – the most advanced IoT Company in Pakistan, for Tracking, Telematics, Mapping and Location-Based Services. This strategic alliance has created a one-window solution to manage and secure the automobiles financed by the bank, as the Auto-Financing sector in Pakistan has risen to an unprecedented volume of 338 billion Rupees. Standard Chartered collaborates with TPL Trakker to secure Auto-Financing solutions.
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Through this partnership, TPL Trakker will provide cutting-edge facilities like Warehousing, Vehicle-Monitoring Systems and Direct-Tracking of vehicles. Standard Chartered Bank Pakistan will leverage these services to enrich its offerings and auto-finance solutions. As the demand is forecasted to grow significantly in the future, the evolving needs of the car-financing sector need to be catered to, while these financed-assets can be monitored for complete safety, to ensure the consumers’ peace of mind.
A ceremony was recently held to sign this agreement, and the Country Credit Head of Consumer, Private & Business Banking (CPBB) at Standard Chartered Bank – Mr. Hamid Sameen and the Chief Executive Officer of TPL Trakker – Mr. Sarwar Ali Khan, personally graced this event, along with several senior executives from their award-winning and innovative organizations.
On this occasion Chief Executive Officer TPL Trakker – Mr. Sarwar Ali Khan said, “Through this collaboration with Standard Chartered, we want people to drive their favorite cars without worrying about security. We are committed to enabling the banks in Pakistan to meet their financial obligations with no worries about uncertainties and adversity. Our facilities are adding more convenience and safety to the auto-financing services offered by the banks.”
Hamid Sameen, Country Credit Consumer, Private & Business Banking (CPBB) SCBP on the occasion said, “Creating exceptional value and convenience for our consumers is always our top priority at Standard Chartered Pakistan. We are creating synergies with the most progressive enterprises, to go beyond our customers’ expectations in ensuring financial security and a higher quality of life. Our innovative Auto-Finance solutions are built to address major challenges, while we have established a diverse portfolio of discerning clients, who want the best of facilities, protected and backed by the most reliable companies, like TPL Trakker.”
Standard Chartered Bank has been operating in Pakistan since 1863. Over the recent decades, establishing a strong auto-financing market in Pakistan has become an important part of its growth strategy, to enable socio-economic prosperity for the whole nation. SCB was also the pioneer of an Islamic-Banking branch network in Pakistan – ‘Saadiq’, which is now offering a wide range of Islamic-Financing products. SCB Car-Financing includes Islamic mode only, while its operations are backed by state-of-the-art digital technologies. Standard Chartered collaborates with TPL Trakker.
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About Standard Chartered Pakistan
Standard Chartered Bank (Pakistan) Ltd. is the oldest and largest international bank in Pakistan since 1863. It is also the first international bank to be awarded an Islamic banking license and the first to open an Islamic banking branch.
The Bank serves Corporate & Institutional, Commercial and Retail Clients through a comprehensive suite of products and services. Corporate & Institutional Banking comprises global subsidiaries, international corporates, financial institutions and sovereign clients. Commercial Banking serves local corporates and small & medium-sized clients. Retail Banking serves priority, premium, personal and business banking clients. All segments offer a complete suite of Islamic banking products and services under the Standard Chartered Saadiq brand and state-of-the-art digital banking solutions.