One lac workers of ten more leading RMG factories will receive their salary in their bKash accounts. The ten factories have signed agreements with country's largest mobile financial service provider, bKash. With this, a total of around 350,000 workers of the country's 260 export-oriented garment factories adopted the digital disbursement solution.
The newly added garment factories in this service which will disburse salary through bKash are New Asia Group, Shinest Group, Evince Group, New Age Group, Debonair Group, Tamishna Group, Mahdeen Group, Vision Group, Shangu Group and Best Shirts Ltd.
The agreement took place with an inauguration ceremony recently at a hotel in the capital. Kamal Qadir, Chief Executive Officer of bKash; Mizanur Rashid, Chief Commercial Officer of bKash; Amer Salim, Director of New Asia Group; Abdul Halim Khan, Director of Shinest Group; Shah Adeeb Chowdhury, Director of Evince Group; Asif Ibrahim, Vice Chairman of New Age Group; Azam Khan, Deputy Managing Director of Debonair Group; Naweed Alam Chowdhury, Director of Tamishna Group; Md Jafar Ali Shaikh, Head of Finance and Accounts of Mahdeen Group; Sarah Hamid, Director of Vision Group; Maheer Mannan, Director of Shangu Group and Major Moin Uddin Ahmed Bhuiyan (retd), Executive Director of Best Shirts Ltd. were present at the event.
The conventional system of disbursing salary in cash to the workers has been very tiresome, expensive and complicated till now. Moreover, on the day of salary disbursement, production is hampered and some effective man hour is also wasted. Therefore, a digital payment system like bKash has been adopted by many factory owners to address all these problems and make the overall payroll disbursement process easy, secure and transparent.
Moreover, the workers can use their bKash accounts’ money for various purposes immediately after receiving the salary, such as: sending money to other bKash accounts, buying airtime on mobile, paying different types of utility bills, making payment after purchasing products at shops, etc. Cash Out is also available from more than 2 lac bKash agent points across the country. Even if workers want to have interests on their accounts, they surely can get it by saving money there.
bKash is also creating awareness among the workers on secure utilization of mobile wallet after getting salary within the factories.
As female workers are the majority of RMG sector, the digital salary disbursement solution of bKash will contribute to women empowerment in broader aspect. The company is also enhancing financial inclusion of the unbanked population towards building a Digital Bangladesh.
Launched in 2011, bKash, a joint venture of BRAC Bank, US based Money in Motion, International Finance Corporation, Bill and Melinda Gates Foundation and Ant Financial, operates as a payment service provider offering broad range of digital financial services under the regulation of Bangladesh Bank.