Prime Bank signs cash management deal with Dabur Bangladesh

Prime Bank PLC recently signed an agreement with Dabur Bangladesh Private Limited, an ayurvedic and natural health care company, to provide a comprehensive cash management solution.

Sajid Rahman, senior executive vice-president of the bank, and Rakesh Hamirwasia, finance controller of the health care company, signed the deal at the bank's corporate office in the capital's Gulshan, according to a press release.

Under this agreement, Dabur will avail PrimePay, the omni digital channel of the bank, to initiate all types of domestic disbursements and will also utilise the bank's countrywide branch network to manage their sales collections, coupled with robust MIS reporting.

PrimePay enables its clients to initiate all types of payments with ease, ensuring a high standard of security.

This omni digital channel facilitates both electronic and paper-based payments, including RTGS, BEFTN, intra-bank fund transfers, NPSB, transfers to MFS wallets, and the issuance of corporate cheques and pay orders with a digital signature.

Corporate clients can also pay their duties, taxes, and utility bills through PrimePay.

PrimePay allows its clients to authorise transactions seamlessly, resulting in faster turnaround time, reduced costs, and greater transparency.

This digital channel comes with robust security features, including 2-factor authentication, and ensures greater flexibility for users to access the platform on the web from anywhere, anytime.

Other senior officials of both organisations were also present.