Business Desk: dhakamirror.com

Wagely Bangladesh Ltd (wagely) will give Earned Wage Access (EWA) to garment workers who use bKash’s payroll system.

With this feature, employees can get already-earned income before payday through their bKash account, helping them handle emergency money, according to a press release.

Ali Ahmed, bKash’s chief commercial officer, and Tobias Fischer, wagely’s CEO and co-founder, signed the MoU in front of wagely’s Head of Strategy and Interim Country Amrita Vir, Head of Channel Partnerships Sagir Ahmed Robin, and bKash’s Head of Payroll Business ATM Mahbub Alam.

Wagely’s objective is to establish a complete financial well-being platform for workers by facilitating earned income. Wagely’s solution has helped 1,000,000 people in Bangladesh by lowering worker migration, improving productivity, and increasing company savings.

More than 800 garment companies utilize bKash’s digital payroll solution to pay employees. bKash also creates a sustainable financial ecology for this sector’s employees and workers.

Digital payroll improves workers’ financial management. Together, wagely and bKash will improve Bangladeshi textile workers’ financial health.

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A group of e-commerce platforms is going to jointly organise an online shopping campaign named “The 10-10 Festival” that will kick off on Monday.

Some 30 Bangladeshi e-commerce platforms will take part in the festival.

Participating organisations made an announcement of the festival at bKash head office in Dhaka on Thursday.

The online shopping festival will continue till October 25, a press release said.

Customers can avail up to Tk 150 per day and a maximum of Tk 300 during the festival.

They can purchase a variety of products and services including clothes, footwear, electronics, lifestyle and daily essentials from Ajkerdeal, Sheba.xyz, Bata E-com, Star Tech, Pathao Ltd, SaRa Lifestyle, Dorjibari and Bangla Shoppers etc at affordable price through bKash payment.

Mir Nawbut Ali, chief marketing officer of bKash, Fahim Mashroor, chief executive officer of AjkerDeal and chief coordinator of the 10-10 Festival, Ilmul Haque Sajib, chief operating officer of Sheba.xyz, along with other senior officials of the organisations were present at the event.

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To encourage and support the innovation and experimentation in science among school students bKash and BigganChinta, a leading science related monthly publication, are going to organise ‘bKash-BigganChinta Science Festival-2022’ for the second time across the country.

An agreement has been signed between bKash and BigganChinta at bKash’s head office in the city on Tuesday (4 October), reads a press release.

Major General Sheikh Md Monirul Islam (retd), chief external and corporate affairs officer of bKash and Abdul Quayum, editor of BigganChinta, signed the agreement on behalf of their respective sides.

This year, science festival will be organised for school students in the divisional cities across the country with the slogan ‘Biggane Bikash’ (science for prosperity).

Young science and technology enthusiastic students will get the opportunity to demonstrate their projects of innovation. Besides, science related quiz competition, book exhibition and sale will be held in the festival.

With the participation of all divisional level winners, a national level science festival will be held where winners will be awarded.

Among others, head of Regulatory and Corporate Affairs of bKash Humayun Kabir, General Manger Sayma Ahsan; General Manager, Event and Activation of the Daily Prothom Alo Arup Kumar Ghosh and Executive Editor of BigganChinta Abul Bashar were present at the event.

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To cultivate the habit of reading various books alongside textbooks among the underprivileged children, this year Bkash has distributed 50,000 books to 74 organisations including schools, voluntary organisations working for underprivileged and disadvantaged children.

Bkash collected a part of these books from visitors, writers and readers at Bangla Academy book fair, super shop outlets of Agora and Meena Bazar, corporate and media organisations, all Bkash customer care, customer care centres and Bkash office premises, said a press release on Sunday.

The rest of the books have been added by Bkash’s own fund and all 50,000 books were distributed through non-profitable organisation Obhizatrik Foundation.

These books have been distributed to various non-profitable organisations and libraries such as — Nirvoy Foundation, Odommo 19, Charulata, Alor Dishari School, Ignite Foundation, Alor Dhara School, Dream School, Alor Bhubon Library,

Khilgaon Pathshala, Sobar Pathshala, Hate Khori Foundation, Taqwa Foundation, Station Library, Help School and Obhizatrik Foundation’s schools.

Bkash has been continuing its book collection initiative since 2020. Under the initiative, 72,500 books have been distributed till now.

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Customers can access the Dhaka Bank and Mutual Trust Bank (MTB) digital savings scheme via bKash accounts 24/7 from anywhere in the country. You can open savings plans with different maturities and amounts from these two banks in just a few minutes from the comfort of your own home and avoid the hassle of paper documents or forms, according to a press release from bKash.

With this, people outside the banking channel can open savings accounts without going to the bank counters. This service will further encourage people from all walks of life to save money and help ensure future financial security.

Last year, Bangladesh’s largest non-banking financial institution, IDLC Finance, introduced the country’s first ‘Digital Savings Scheme’ to enable customers avail the service through their bKash accounts. Following the success, the recent addition of these two banks will further strengthen the digital savings platform of bKash.

To open savings account, customers need to click on ‘Savings (in bank and financial institution)’ icon from the home screen of bKash app and follow some easy steps. They can avail the savings schemes in monthly installments of BDT 500, BDT 1,000, BDT 2,000 and BDT 3,000 starting from a minimum period of two years to a maximum of four years. After maturity of the scheme, customers can Cash Out the entire amount including profit from their bKash account without any charge.

The savings installments will be automatically transferred from bKash account to Dhaka Bank or MTB on a specific date of each month. The customer will be notified before each due date to keep sufficient balance in the account. Customers will be able to see all the important information ‘Live’ from the bKash app, including total savings amount, savings period, and profits.

Any customer, who is currently registered through e-KYC, can avail this Savings service using bKash app. However, customers can update their account information through bKash app.

In this regard, Emranul Huq, Managing Director and CEO of Dhaka Bank said, “Dhaka Bank is working relentlessly to make financial inclusion meaningful. In continuation of this, the small savings scheme is launched in collaboration with bKash. As a result, marginalized people, who are outside the financial inclusion, will be able to deposit their hard-earned money in a completely hassle-free and secure way with the help of technology and without coming to the bank.”

Syed Mahbubur Rahman, Managing Director & CEO of MTB said, “A small amount of savings can be very helpful for meeting up any future need. In a bid to encourage this perspective, MTB and bKash have jointly made Savings easier, more comfortable and safer using the latest and secured technology. We believe, this service is making financial inclusion more effective and meaningful by enabling everyone under and outside the reach of banking services to adopt digital savings schemes. It will contribute to the social security of people at large.”

Kamal Quadir, Chief Executive Officer of bKash said, “Utilizing the latest technology, bKash has partnered with banks and financial institutions to make Savings more accessible and convenient for the customers. By enabling all the unbanked and underbanked customers to avail digital savings, this service will further cement the ecosystem of digital transactions.”

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-With The News Today input

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