Grameen Bank to Use SureCash Mobile Payment Platform
Grameen Bank has signed a memorandum of understanding to use SureCash mobile payment platform for its operation.
Through this partnership, Grameen Bank members will use SureCash mobile banking to receive loans, make installment payments and do savings using their own phones.
General Manager (Audit) Mahbubur Rahman of Grameen Bank and CEO Dr. Shahadat Khan of SureCash signed the MoU in presence of Acting Managing Director Ratan Kumar Nag, General Manager (Central Accounts) Babul Saha of Grameen Bank and CBO Md. Abu Taleb of SureCash along with other officials of both organizations.
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“Grameen Bank always welcomes new technology. By introducing mobile banking service, Grameen Bank and SureCash will bring a new dimension in microfinance movement globally,” says Nag.
“This will make payments easier and safer for our members, will reduce risk of carrying cash for our employees, and improve overall operational efficiency of our organization,” he said.
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“We are very excited to work with Grameen Bank- the global pioneer for microcredit service for the poor,” says Dr. Khan. “This is a great opportunity to introduce the benefits of mobile financial services to 8.8 million GB members covering 97% of the villages in Bangladesh.”
SureCash Pte Ltd is a private mobile money company incorporated in Singapore, operating its Bangladesh business using wholly owned subsidiary, Progoti Systems Limited.
Grameen Bank is a Nobel Prize winning micro-finance organization committed to the cause of poverty alleviation since 1976. GB currently serves more than 8.8 million members through 2,568 branches around the country.