UCB, PRAN-RFL Group team up to ease digital cash management

In a landmark move set to transform the digital financial landscape, United Commercial Bank PLC (UCB), a premier commercial bank in Bangladesh, and PRAN-RFL Group, the nation's leading industrial conglomerate, have signed a ground-breaking agreement, says a press release.

This collaboration is aimed at simplifying, streamlining and enhancing the digital cash management system, paving the way for expanded digital transaction opportunities for consumers and small and medium enterprises (SMEs) across the country.

The signing ceremony, held at UCB's head office, was attended by key dignitaries, including UCB Chairman Sharif Zahir. The agreement was formally inked by UCB's Managing Director and CEO, Mohammad Mamdudur Rashid, and PRAN-RFL Group's Chairman and CEO Ahsan Khan Chowdhury. Senior officials from both organisations were also present.

UCB Managing Director and CEO Mohammad Mamdudur Rashid highlighted the significance of the partnership, stating, "UCB has earned the trust of millions as a comprehensive financial service provider. From traditional banking to cutting-edge digital solutions like mobile banking, online transactions, and asset management, we are committed to innovation. PRAN-RFL Group, with its widespread reach and diverse product portfolio, has become a household name. Together, this collaboration will set a new benchmark in delivering advanced digital economic services."

PRAN-RFL Group Chairman and CEO Ahsan Khan Chowdhury emphasised the group's mission to elevate the living standards of Bangladeshis. "Our goal has always been to empower the people of this nation. This partnership with UCB will unlock new digital transaction opportunities for SMEs, enabling faster and more efficient business operations. Aligning with a trusted institution like UCB is a significant step forward in our digital transformation journey."