Written by The Banking Post
Prime Bank PLC is offering cash management services to SMC Enterprise Ltd.
In this regard an agreement was signed recently at Prime Bank’s Corporate Office in Dhaka, according to a media release.
Under this agreement, SMC Enterprise Ltd. will avail comprehensive cash management solutions from Prime Bank.
The company will utilize PrimePay, the Bank’s omni digital platform, to initiate all types of domestic disbursements and manage nationwide sales collections through Prime Bank’s extensive branch network.
The arrangement also includes a robust MIS reporting and reconciliation system for enhanced efficiency and transparency.
Hassan O. Rashid, Chief Executive Officer of Prime Bank PLC. and Sayef Nasir, Managing Director of SMC Enterprise Ltd., signed the agreement on behalf of their respective organizations. Senior officials from both organizations were also present during the signing ceremony.
PrimePay enables corporate clients to initiate all types of payments with ease while maintaining the highest standards of security.
This omni digital channel supports both electronic and paper-based transactions, including RTGS, BEFTN, intra-bank fund transfers, NPSB, MFS wallet transfers as well as issuance of corporate cheques and pay orders with digital signatures.
Additionally, clients can make duty, tax, VAT, and utility payments directly through PrimePay, the release adds.
