BRAC Bank partners with Robi for advanced cash management
BRAC Bank has partnered strategically with Robi Axiata Limited to deliver comprehensive cash management services tailored to enhance their financial operations.
This partnership enables the leading telco to leverage BRAC Bank's extensive transaction banking capabilities, including streamlined collection, payment, and liquidity management solutions.
With access to BRAC Bank's vast distribution network—comprising one hundred eighty-seven branches, sixty-two sub-branches, and one thousand one hundred and fourteen Agent Banking Outlets across Bangladesh—Robi can efficiently manage receivables beyond standard banking hours, including holidays. Additionally, Robi will utilise CORPnet, BRAC Bank's internet banking platform for corporate and institutional clients, for twenty-four payment processing.
Keep updated, follow The Business Standard's Google news channel
The partnership will help Robi streamline collection from its distributors across the country through the bank's Agent Banking Outlets.
Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate & Institutional Banking at BRAC Bank, and M Riyaaz Rasheed, Chief Financial Officer from Robi Axiata, signed the agreement at the bank's Head Office in Dhaka .
This collaboration highlights BRAC Bank's leadership in Transaction Banking, combining innovative technology with client-focused solutions to meet evolving business needs.
