BRAC Bank has formed a strategic partnership with Robi Axiata Limited to deliver comprehensive cash management services tailored to enhance their financial operations.
This partnership enables the leading telco to leverage BRAC Bank’s extensive transaction banking capabilities, including streamlined collection, payment, and liquidity management solutions.
With access to BRAC Bank’s vast distribution network — comprising 187 branches, 62 sub-branches, and 1,114 Agent Banking Outlets across Bangladesh—Robi can efficiently manage receivables beyond standard banking hours, including holidays. Additionally, Robi will utilize CORPnet, BRAC Bank’s internet banking platform for corporate and institutional clients, for 24/7 payment processing.
The partnership will help Robi streamline collection from its distributors across the country through Agent Banking Outlets of the bank.
Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate & Institutional Banking at BRAC Bank, and M. Riyaaz Rasheed, Chief Financial Officer from Robi Axiata, signed the agreement at the bank’s Head Office in Dhaka on November 24, 2024.
Read more: BRAC Bank partners DHL for eco-friendly shipping initiative
This collaboration highlights BRAC Bank’s leadership in Transaction Banking, combining innovative technology with client-focused solutions to meet evolving business needs.
For more updates, be with Markedium.
Leave a comment