Another six MFIs avail hassle-free, secured transactions thru' bKash

Another six leading microfinance institutions (MFIs) have signed agreements with bKash to avail the services of instalment payments for their loan and savings schemes. The convenient, fast and secure service will cater to more than 0.5 million (5 lakh) microfinance customers, said a media statement on Wednesday.

In this regard, bKash has signed agreements with Society for Social Service (SSS), Development Initiative for Social Advancement (DISA), Social Advancement Through Unity (SATU), Pally Bikash Kendra (PBK), Uttara Development Program Society (UDPS), ‍and Bangladesh Fellowship Foundation (BFF).

Ali Ahmmed, chief commercial officer of bKash has signed separate agreements with the chief executives of these organisations at a hotel in the capital city recently.

On behalf of the organisations- Mahbubul Haque Bhuiyan, acting executive director of Society for Social Service (SSS); Md Shahid Ullah, chief executive of development initiative for Social Advancement (DISA); Mirza Sakif Hossain, deputy director (HR) of Social Advancement Through Unity (SATU); Khaleda Shams, deputy CEO of Pally Bikash Kendra (PBK); AFM Akhter Uddin, chief executive of Uttara Development Program Society (UDPS); John Das, executive director of Bangladesh Fellowship Foundation (BFF) were present at the signing ceremony.

From now on, these MFI customers can pay loan instalments 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. This solution is ensuring convenient and secured payment option for customers and also enabling the MFIs to manage their finance more efficiently by saving time and resources.