Pubali Bank, bKash launch automated cash service

Pubali Bank PLC has signed a partnership agreement with the country’s leading mobile financial service (MFS) provider, bKash Limited, to launch 24/7 automated cash management services for bKash agents, distributors and partners across the country.

Md Rabiul Alam, deputy general manager and head of the Alternative Delivery Channel Division of Pubali Bank PLC, and Moinuddin Mohammed Rahgir, chief financial officer of bKash Limited, signed the agreement at the bank’s head office in Dhaka recently, according to a press release. Mohammad Ali, managing director and CEO of Pubali Bank PLC, and Kamal Quadir, chief executive officer of bKash Limited, attended the signing ceremony.

Under the partnership, bKash’s extensive network of agents and distributors maintaining accounts with Pubali Bank will gain access to round-the-clock automated cash management facilities. The service is designed to enable seamless fund transfers, instant settlements and improved liquidity management, allowing partners to operate beyond traditional banking hours.

Ahamed Ashraf Sharif, head of treasury at bKash Limited; Endra Mohan Sutradhar, general manager and head of the Software Development Division and chief technology officer; and Md Helal Uddin, general manager and head of the ICT Operation Division, were present at the event.

Sukanta Chandra Banik, general manager and head of the Gulshan Corporate Branch, and Shah Md Ziaur Rahaman, general manager of the Software Development Division, along with other senior officials from both organisations, were also present.