Mobile Payment Solution for Agro Value Chain Actors

January 20, 2013 Dhaka, Bangladesh

bKash Limited and Katalyst have recently signed an agreement in order to facilitate various agricultural value chain actors to send and receive money from their mobile phones. Kamal Quadir, CEO, bKash, and Goetz Ebbecke, General Manager, Katalyst signed the agreement on behalf of their respective organizations.

As per the agreement, bKash will offer their services to contract farmers in the char areas, which will help the farmers to receive timely and secure payments from their respective contractors. Moreover, this easy and quick transfer will significantly reduce the number of visits to contractors and lead time between payments.

Katalyst is one of the largest market development projects in the world. Since its inception in 2003, Katalyst has achieved significant employment and income impact by increasing the competitiveness of farmers and micro, small and medium sized enterprises in selected urban and rural sectors in Bangladesh.

bKash Limited is a subsidiary of BRAC Bank, whose ultimate objective is to ensure access to a range of financial services for the people of Bangladesh. With more than 30,000 agents all over the country, bKash is leading the field of Mobile Financial Services in Bangladesh.

Also present at the ceremony were Rezaul Hossain and Emon Kalyan Dutta from bKash and from Katalyst Mohd.  Fahad Ifaz and Ashfaq Enayetullah were present.