BRAC Bank and TK Group partner to digitise dealer payment collections
Under this partnership, TK Group will receive payments from its extensive dealer network directly into Virtual Accounts assigned to each dealer, allowing real-time reconciliation, faster fund availability, and better control over receivables
BRAC Bank has partnered with TK Group to implement an advanced dealer collection solution through Virtual Accounts, a move set to enhance corporate cash management and streamline nationwide dealer payments. The agreement was formalised on 12 October 2025 at BRAC Bank's Head Office.
Under this partnership, TK Group will receive payments from its extensive dealer network directly into Virtual Accounts assigned to each dealer, allowing real-time reconciliation, faster fund availability, and better control over receivables.
The signing ceremony was attended by Shaheen Iqbal, CFA, deputy managing director and head of Treasury, FI, Corporate and Institutional Banking; Md Sheikh Mohammad Ashfaque, deputy managing director and head of Branch Distribution Network; Md Shafiul Ather, business director of TK Group, along with senior officials from both organisations.
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