bKash expands microfinance payment services

Six more leading microfinance institutions (MFI) have signed agreements with bKash to use installment payment services of bKash for their savings and loan schemes.
The new partnerships will allow 0.7 million members of these MFIs to make their payments via the bKash app's 'Microfinance' payment option, says a statement.
The MFIs joining the platform are People's Oriented Program Implementation (POPI), Society for Development Initiatives (SDI), Grameen Jano Unnayan Sangstha (GJUS), Integrated Development Foundation (IDF), Nabolok Parishad and Modern Development Organization (MDO).
With these additions, nearly 15 million members of 25 MFIs can easily pay their loan instalments and deposit savings.
Ali Ahmmed, Chief Commercial Officer of bKash, has signed separate agreements with the executives of these organisations at a hotel in the capital recently.
Md Moshihur Rahman, Director-EES of People's Oriented Program Implementation; Shamsul Haque, Executive Director of Society for Development Initiatives; Zakir Hossain Mohin, Executive Director of Grameen Jano Unnayan Sangstha; Zahirul Alam, Executive Director of Integrated Development Foundation; Md Altaf Hossain, Deputy Executive Director (F&C) of Nabolok Parishad; Md Masud Ahmed Rokoni, Executive Director of Modern Development Organization; M Monjur Mahmud, President of DataSoft, and other high officials were present at the signing ceremony.