NCC Bank PLC and Akij Resource Group have signed a memorandum of understanding (MoU) on advanced cash management services to provide technology-based collection solutions for the industrial group’s dealers and distributors across Bangladesh.
The agreement will allow Akij Resource Group’s dealers to deposit cash or cheques at any NCC Bank branch, use the ‘NCC Always’ app for instant transactions, access separate Virtual Account Number (VAN) facilities and receive real-time payment notifications linked with the enterprise resource planning (ERP) system, the bank said in a press release.
The agreement was signed in the presence of NCC Bank Managing Director M Shamsul Arefin by the bank’s Deputy Managing Director Md Habibur Rahman and Akij Resource Group Representative Director and Group Company Secretary Md Ruhul Islam on behalf of their respective organisations.
Senior officials from both organisations attended the signing ceremony, including NCC Bank Senior Vice-President and Head of SME Sharif Mohammad Mohsin, Senior Vice-President and Head of ICT Division Md Sazzadul Islam, and Senior Vice-President and Head of Transaction Banking and Cash Management Division Shaheen Akter Nuha.
Officials from Akij Resource Group present at the event included Chief Treasury Officer Md Sheikh Sadi, Deputy Manager (Treasury) Mufti Md Atik and Assistant Manager (Treasury) Mohammad Asaduzzaman, along with other senior officials from both organisations.
M Shamsul Arefin said the agreement reflected NCC Bank’s commitment to expanding advanced transaction and cash management services for corporate customers.
He said the partnership would make Akij Resource Group’s collection management more transparent, faster and safer while ensuring the benefits of digital banking.
The initiative would also strengthen technology-driven innovative services from both organisations and contribute to the growth of Bangladesh’s digital financial sector, he added.
