GP, StanChart ink deal

Grameenphone (GP) and Standard Chartered Bank (SCB) signed an agreement recently for facilitating the collection of GP’s sales proceeds from all across Bangladesh. The agreement was signed from Grameenphone by Mr. Vivek Sood, CEO and Mr. Mainur Rahman Bhuiyan Acting CFO; and, from Standard Chartered Bank by Mr. Abrar A.  Anwar, Acting CEO and Head of Corporate & Institutional Clients and Mr. Hussain Shirazie, Head of Transaction Banking. This is one of the largest ever such arrangements in terms of value of the deal as well as the geographic area and location covered. Under the agreement, Standard Chartered Bank will provide state – of – the – art financial solution to Grameenphone for its country wide sales collections. The arrangement will benefit GP’s retail and institutional customers immensely; they will be able to pay their phone bills using bank’s electronic channels like ATM, i-banking, IVR & Auto bills pay. GP customers will also be able to pay the bills over the counter using the One Point Collection Centers of Standard Chartered Bank, according to a statement.