United Bank Limited (UBL) has taken a bold step toward reshaping financial services in Pakistan by partnering with CashNow, a rising fintech platform. Together, they’ve launched a Digital Supply Chain Finance solution designed to ease liquidity challenges, especially for Small and Medium Enterprises (SMEs).
The agreement was officially signed at UBL’s Head Office in Karachi, symbolizing a major leap in the bank’s ongoing digital transformation strategy.
Empowering Businesses Through Smart Finance
With this new offering, UBL customers can now benefit from early payments on approved invoices, allowing them to:
- ✅ Access working capital faster
- ✅ Strengthen their cash flow
- ✅ Streamline procurement cycles
- ✅ Support day-to-day operations without waiting for long payment terms
This is particularly impactful for SMEs, which often face delays in receivables and struggle with cash flow management. The solution aims to fill that gap with minimal friction and maximum transparency.
A Strategic Move Toward Financial Innovation
UBL’s leadership is clear in its commitment to business innovation.
“United Bank is committed to fostering growth across all business sectors, with a strong focus on supporting SMEs,” said Abdul Aleem Qureshi, Group Executive, Branch Banking Group at UBL.
CashNow, which specializes in supply chain finance automation, brings the tech muscle to make this vision a reality.
“We are honoured that United Bank has entrusted CashNow with this pivotal Supply Chain Finance initiative,” said Saeed Iqbal, Director and Co-Founder of CashNow.
How It Works
This digital solution automates the financing process between buyers and suppliers. Once an invoice is approved, suppliers can get paid early through UBL’s financing system, while buyers maintain their original payment terms.
- No need for paper-based transactions
- Fast and secure disbursement
- Transparent terms for all stakeholders
- Reduced reliance on traditional loans
It’s a win-win: suppliers get early payments, and buyers retain their cash longer while maintaining positive supplier relationships.
Supporting Economic Development Goals
This initiative doesn’t just benefit businesses. It aligns with Pakistan’s national push for digitization and financial inclusion. By helping SMEs access short-term liquidity quickly, UBL and CashNow are contributing to a stronger, more resilient supply chain ecosystem.
- ✅ Supports the digital economy
- ✅ Encourages SME sustainability
- ✅ Drives operational efficiency in key industries
UBL’s partnership with CashNow places it at the forefront of banking innovation in Pakistan, setting a new standard for how banks can collaborate with fintechs to deliver smart, scalable financial tools.