Prime Bank strikes payroll deal with bKash

Prime Bank PLC recently signed a new payroll agreement with bKash Limited, the largest mobile financial service provider in Bangladesh.

Md Nazeem A Choudhury, deputy managing director of the bank, and Mohammed Ferdous Yusuf, chief human resources officer of the MFS provider, signed the deal in Dhaka, according to a press release.

Choudhury said, "This collaboration underscores our commitment to excellence, empowering both the organisation and its employees, and fostering a long-term, value-driven partnership."

Mohammed Ferdous Yusuf, chief human resources officer of bKash Limited, said, "We are delighted to deepen our partnership with Prime Bank through payroll banking, a collaboration poised to deliver significant value to both bKash and its employees."

Under this agreement, Prime Bank will provide a seamless payroll management solution that will streamline salary disbursements and offer exclusive banking services to bKash's employees.

bKash will enjoy the benefit of quick and secure salary transfers, access to a range of personal banking products, and personalised financial advisory services.

The bank's payroll solutions are designed to reduce administrative tasks while ensuring compliance and accuracy in salary processing.

Mamur Ahmed, executive vice-president and head of the branch distribution network of the bank; Hasina Fardous, vice-president and head of payroll banking; Anup Kanti Das, senior vice-president and head of business risk management; and Mushfiq Ahmed Fahim, business development manager (payroll banking) of Prime Bank, were present.

Mahmood Abdullah Harun, executive vice-president and head of the human resources department at bKash, along with other senior officials from both organisations, were also present.