HSBC signs deal with Karnaphuli Gas on online bill collection

The Hongkong and Shanghai Banking Corporation Limited and Karnaphuli Gas Distribution Company Limited (KGDCL) have signed an agreement to offer bill collection solution for KGDCL's consumers.

The signing ceremony was held at KGDCL Head Office in Chattogram recently, says a press release.

This agreement provides more efficient and cost-effective collection modality for KGDCL and HSBC's customers.

HSBC is the first foreign bank to integrate with KGDCL in Bangladesh with innovative API (Application Programming Interface)-based branch collection proposition. The proposition model will aid KGDCL to validate their consumer collections against their record through API and to reconcile efficiently. This will facilitate KGDCL consumers to avail best-in-class services from HSBC Branches while paying KGDCL bills.

KGDCL, a concern of Petrobangla, is responsible for distributing gas in Chattogram district and the Chattogram Hill Tracts.

Gerard Haughey, Country Head of Wholesale Banking, HSBC Bangladesh, and Engr. Md Rafiqul Islam, Managing Director, KGDCL, signed the agreement on behalf of their respective organisations. Devesh Mathur, Chief Operating Officer, HSBC Bangladesh, and other senior officials from KGDCL and HSBC Bangladesh were also present.