Bahri, a global leader in logistics and transportation, has signed an agreement with digital solutions company Tabadul for the implementation of an electronic payment solution.

Fasah Pay, one of a collection of electronic solutions offered on Tabadul’s Fasah platform, enables the business sector within the logistics industry to create and raise invoices for customers that can be paid via a Sadad number.

The agreement was signed during a virtual ceremony in the presence of Abdullah Aldubaikhi, CEO of Bahri, and Abdulaziz Alshamsi, CEO of Tabadul, together with senior officials from both parties.

The agreement stipulates the provision of a special control panel for Bahri users to access a series of online features through the Fasah platform, including access to all previous and upcoming transactions; the ability to download detailed or combined invoices for specific customers; electronic payment of bills raised and charged to customers; flexible updating and cancellation of invoices; and retrieval of customer information or other data using approved reference details.

The integration will facilitate and accelerate billing and payment processes, as well as manage and control payments to ensure the continuity of import and export activities in an efficient and effective manner.

Aldubaikhi said: “We are pleased to conclude this agreement with Tabadul, which will contribute to establishing fruitful business relationships based on mutual trust with all of our customers and partners. The agreement is an important step for us, especially in light of Saudi Arabia’s movement towards digital transformation as outlined in Saudi Vision 2030.”

“Through this integration with the Fasah Pay service, we can replace all incoming and outgoing paper-based financial transactions with electronic versions. We also look forward to the other benefits the system will bring, including improving the transparency of transactions, accelerating procedures for beneficiaries, and reducing the risks involved with cash transactions by providing a safe payment system,” he added.

Alshamsi said: “The use of digital tools plays a prominent role in achieving sustainability, as many digital transfer efforts aim to raise efficiency levels while providing reliability and flexibility. This is what we seek through the Fasah Pay electronic payment portal, which will accelerate and facilitate financial trade through billing and payment processes. Through this service, we look forward to bringing added value to our partner, Bahri, by improving quality, developing performance, increasing workflow efficiency, and speeding up daily work mechanisms.”  - TradeArabia News Service