Prime Bank signs cash management agreement with Dabur Bangladesh
Prime Bank PLC, a leading financial institution in Bangladesh, has recently signed an agreement with Dabur Bangladesh Private Ltd. to provide a comprehensive cash management solution.
Under this agreement, Dabur will initiate all domestic disbursements using PrimePay, the bank's omnidigital channel. It will also utilize the bank's countrywide branch network to manage its sales collection and robust MIS reporting.
Sajid Rahman, Senior Executive Vice President of Prime Bank PLC, and Rakesh Hamirwasia, Finance Controller of Dabur Bangladesh Private Limited, exchanged the agreements on behalf of their respective organisations. Other senior officials of both organisations were also present at the signing ceremony.
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PrimePay enables its clients to initiate all payments quickly, ensuring a high-security standard. This omni-digital channel facilitates electronic and paper-based payments from RTGS, BEFTN, intra-bank Fund Transfer, NPSB, and transfer to MFS wallet to issue corporate cheques and Pay orders with digital signatures. Corporate clients can pay their duties, taxes, and utility bills through PrimePay.
PrimePay allows its clients to authorise transactions seamlessly, resulting in faster turnaround times, 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 anytime from anywhere.
