Six more MFIs partner with bKash for payment facility

FE Team | Published: May 29, 2024 23:55:18

Six more leading microfinance institutions (MFIs) have signed agreements with bKash to use installment payment services for their loan and savings programmes.
This convenient, fast and secure service is set to benefit over 500,000 microfinance customers, says a press release.
The institutions are Society for Social Service (SSS), Development Initiative for Social Advancement (DISA), Social Advancement Through Unity (SATU), Pally Bikash Kendra (PBK), Uttara Development Programme Society (UDPS), and Bangladesh Fellowship Foundation (BFF).
Ali Ahmmed, Chief Commercial Officer of bKash, signed separate agreements with the Chief Executives of these organisations at a hotel in the capital recently.
Mahbubul Haque Bhuiyan, Acting Executive Director of SSS; Md. Shahid Ullah, Chief Executive of DISA; Mirza Sakif Hossain, Deputy Director (HR) of SATU; Khaleda Shams, Deputy CEO of PBK; AFM Akhter Uddin, Chief Executive of UDPS; John Das, Executive Director of BFF, were present at the signing ceremony.
Now, customers of these MFIs can pay loan installments and deposit savings in a few simple steps from the microfinance payment option in bKash app or by dialling USSD code *247#.
bKash has brought this customer friendly solution to simplify and digitise the payment collection process of the microfinance sector.