IPDC Finance, bKash sign MoU on supply chain financing scheme

IPDC Finance Limited will provide funding for the logistics businesses working with bKash Limited under a supply chain financing scheme.

To this effect, both the organisations signed a memorandum of understanding (MoU) at a ceremony held in a city hotel on Sunday.

IPDC Managing Director and Chief Executive Officer (CEO) Mominul Islam and bKash CEO Kamal Quadir signed the MoU on behalf of their respective organisations, according to a statement.

As per the agreement, different businesses, which work for bKash as logistic, printing, advertising and other service providers, could avail the financial tool to enhance their working capital capacity.

Speaking on the occasion, Mominul Islam said supply chain management plays a critical role in society and in any business. "With this agreement we will be enhancing and smoothing out supply chain operations of bKash so that they can empower their customers even more," said Mr. Islam.

Mr. Kamal Quadir said that on one hand IPDC Finance is the market leader of supply chain financing in the country and, on the other, bKash is the leader of mobile financial service (MFS).

"We are glad to be in venture with IPDC Finance, as they are the market leader of supply chain financing, which will add more value to our market leading position," said the top official of bKash.

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