BRAC Bank to collect BPDB electricity bill

BRAC Bank PLC has signed a partnership agreement with the Bangladesh Power Development Board (BPDB) to facilitate postpaid electricity bill payments through its nationwide distribution network and digital banking platforms, offering greater convenience to residential, commercial and industrial customers.

BRAC Bank is the first private commercial bank to secure BPDB’s central account alongside a state-owned bank, according to a press release.

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Md Shaheen Iqbal, additional managing director and head of wholesale banking at the bank, and Anjana Khan Mojlish, joint secretary and member of finance at BPDB, signed the agreement at the latter’s head office in Dhaka on Monday.

At the event, Anjana said, “We are pleased to welcome BRAC Bank as a partner for online bill collection and look forward to a successful collaboration that will bring greater convenience to our customers.”

Commenting on the partnership, Shaheen said, “This partnership reflects our continued focus on making everyday banking and payment services more accessible and convenient. By combining our nationwide distribution network with digital banking capabilities, we aim to simplify electricity bill payments for BPDB customers.”

“We look forward to expanding similar partnerships with public- and private-sector organisations to deliver seamless payment solutions,” he added.

Under the agreement, BPDB customers will be able to pay their postpaid electricity bills through BRAC Bank’s branches and sub-branches, its retail banking app Astha and its corporate digital banking platform CORPNET.

BRAC Bank will also establish application programming interface (API) connectivity with BPDB to enable real-time updates of bill payment records. The integration will help streamline payment processing and reconciliation, making bill payments more convenient and efficient for customers.

The partnership is expected to benefit approximately 12 lakh BPDB postpaid customers by providing additional payment channels and enabling real-time updates of payment information.

Saleh Ahmed, director of finance at BPDB; Md Abdul Basid, member of distribution; Mohammed Nurul Absar, general manager of commercial; and Mriganka Mohan Paul, senior system analyst at Dhaka Computer Center, attended the event.

Among others, AKM Faisal Halim, head of transaction banking at the bank; Musabbir Ahmed, head of cash management; and Shaikh Mohammad Imran Quader, regional head of distribution network, were also present.