Community Bank Bangladesh and Medbox Solution Ltd. have signed a Memorandum of Understanding (MoU) to launch an Embedded Finance Program aimed at providing pharmacies with easy access to working capital.
As the exclusive financing partner, Community Bank will offer quick, data-driven credit facilities to merchants on the Medbox B2B e-commerce platform, helping pharmacies grow their businesses without traditional financial barriers, the bank said in a press release.
“This partnership is a milestone,” said Kimiwa Saddat, Managing Director of Community Bank Bangladesh. “Together, we are creating an ecosystem where pharmacies can thrive with reliable financing solutions.”
The signing ceremony was attended by Dr Md Ariful Islam, Head of Corporate Banking & Head of Business (Branch), and Mr Md Mamun ur Rahman, Head of ADC & MD’s Coordination Team from Community Bank, along with Medbox leadership team members Kazi Ashikur Rasul, Ahmed Arefeen Raafi, Md Aminur Rashid, Md Nazmul Ahsan, and H.M Asif Imtiaz Alam.
The partnership will kick off with a Pilot Program, with plans for a full rollout to enhance financial inclusion and improve efficiency in Bangladesh’s healthcare sector.
