EBL and CPA partner to launch digital banking services at Chattogram port

Eastern Bank PLC (EBL) and the Chittagong Port Authority (CPA) have entered into a strategic partnership to introduce advanced digital banking services at Chattogram Port. The memorandum of understanding (MoU) was signed by Ali Reza Iftekhar, Managing Director and CEO of EBL, and Rear Admiral S M Moniruzzaman, OSP, ndc, ncc, psc, Chairman of CPA, in a ceremony held in Dhaka recently.

This collaboration aims to enhance the efficiency of financial transactions at the port by deploying secure, modern, and seamless digital payment and collection solutions. Under this initiative, EBL and CPA will jointly develop a comprehensive digital ecosystem that will facilitate effortless financial transactions for all port users through EBL's cutting-edge digital banking platform.

Rear Admiral S M Moniruzzaman, Chairman of the Chattogram Port Authority, commented, "The introduction of digital banking services at Chattogram Port is a significant step toward realizing our vision of a smarter, more efficient port. We are delighted to collaborate with EBL in this endeavour, which will enhance operational efficiency and set a benchmark for modern ports globally."

Ali Reza Iftekhar, Managing Director and CEO of EBL, stated, "Through this partnership with the Chattogram Port Authority, we aim to revolutionize the financial ecosystem of the port by introducing secure and efficient digital banking solutions. This initiative reflects our commitment to innovation and excellence, and we are proud to be at the forefront of this transformative journey."

Senior executives from both institutions were present at the signing ceremony.