The Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and upay, one of the fastest growing mobile financial service providers in the country, entered into an agreement to disburse stipends through upay. BGMEA President Faruque Hassan and upay Managing Director and CEO Rezaul Hossain signed the agreement recently. Under this agreement, the participants of BGMEA-SEIP skill development project, an initiative for skill development of mid-level officials and workers in the RMG sector, would receive their stipend directly into their upay accounts. The BGMEA-SEIP is jointly funded by Bangladesh government and Asian Development Bank, and being implemented by BGMEA.
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