UCB, bKash launch 24/7 automated cash management service
United Commercial Bank PLC (UCB) has signed a partnership agreement with bKash, the country's largest mobile financial service provider, to launch round-the-clock automated cash management services for bKash agents, distributors, and partners across Bangladesh.
Under this collaboration, bKash's extensive network of agents and distributors maintaining accounts with UCB will have access to real-time, 24/7 cash management facilities. Through their UCB accounts, agents, distributors, and merchants will be able to add money, transfer funds, and generate e-money instantly, helping accelerate the move towards a cashless economy beyond the constraints of traditional banking hours.
The MoU was exchanged between Adnan Masud, Additional Managing Director of UCB, and Moinuddin Mohammed Rahgir, Chief Financial Officer of bKash, at a signing ceremony held recently at UCB's corporate head office.
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The event was attended by Nabil Mustafizur Rahman and Abul Alam Ferdous, Additional Managing Directors of UCB; Md Abdullah Al Mamoon, Faruk Ahammad, and S M Mainul Kabir, Deputy Managing Directors of UCB; and Ahamed Ashraf Sharif, Head of Treasury, bKash, along with other senior officials from both organisations.
The initiative reflects UCB's ongoing commitment to expanding digital banking services, improving customer convenience and supporting the growth of Bangladesh's digital financial ecosystem.
