PHOTO: NCC BANK

STAR BUSINESS DESK

NCC Bank PLC has signed a memorandum of understanding (MoU) with bKash Limited, the leading mobile financial services (MFS) provider in Bangladesh, to introduce 24/7 automated cash management services.

M Shamsul Arefin, managing director of the bank, and Kamal Quadir, chief executive officer (CEO) of the MFS provider, signed the MoU at a recent event held in Dhaka, according to a press release.

Speaking at the event, Arefin remarked, “This partnership enables a seamless digital transaction ecosystem. Now, bKash agents, distributors, and merchants can generate e-money in their digital wallets directly from NCC Bank accounts and vice versa, ensuring uninterrupted business operations.”

This initiative aims to enhance the efficiency of financial transactions for bKash distributors, agents, and merchants.

The new service will allow bKash stakeholders with NCC Bank accounts to effortlessly add funds and transfer e-money in real time, offering a secure and convenient platform for round-the-clock transaction management.

The collaboration is expected to significantly streamline cash flow operations for bKash partners across the country.

M Khurshed Alam, additional managing director of the bank; and Md Mahbub Alam, Md Zakir Anam, Mohammed Mizanur Rahman, and Md Monirul Alam, deputy managing directors, attended the event.

Shahin Akter Nuha, head of the transaction banking and cash management department of the bank, and Moinuddin Mohammed Rahgir, chief financial officer (CFO) of the MFS provider, along with senior officials from both organisations, were also present.