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IPDC signs MoU with bKash
IPDC will provide financial support to bKash suppliers to make supply chain dynamic
IPDC Finance Limited, the first private sector financial institution of Bangladesh established in 1981 has signed a Memorandum of Understanding (MoU) under Supply Chain Financing with bKash Limited, the country’s biggest mobile financial service providing institution. The MoU signing ceremony took place at The Westin Dhaka in Gulshan of the capital.
Under this MoU, IPDC shall finance suppliers of bKash to enhance the working capital capacity of the Suppliers and ensure a smooth supply chain stream for bKash. Mominul Islam, MD & CEO of IPDC and Kamal Quadir, Chief Executive Officer of bKash exchanged the agreement.
Moinuddin Mohammed Rahgir, Chief Financial Officer, Mohammad Rashedul Alam, Head of Supply Chain and Procurement of bKash; Rizwan Dawood Shams, DMD and Head of Business Finance of IPDC and other high officials from both IPDC and bKash were present at the occasion.
Kamal Quadir, Chief Executive Officer of bKash on the occasion said, “We are glad to be in venture with IPDC Finance, as they are the market leader of supply chain financing, which will add more value to our market leading position.”
Mominul Islam, Managing Director and CEO of IPDC Finance Limited said, “Supply chain management plays a critical role in society and in any business. With this agreement we will be enhancing and smoothing out supply chain operations of bKash, so that they can empower their customers even more. ”
Photo caption: IPDC Finance Limited, the first private sector financial institution of Bangladesh established in 1981 has signed a Memorandum of Understanding (MoU) under Supply Chain Financing with bKash Limited, the country’s biggest mobile financial service providing institution. The MoU signing ceremony took place at The Westin Dhaka in Gulshan of the capital. (From left to right) Moinuddin Mohammed Rahgir, Chief Financial Officer, bKash; Rizwan Dawood Shams, DMD and Head of Business Finance of IPDC Mominul Islam, MD & CEO of IPDC; Kamal Quadir, Chief Executive Officer of bKash and Mohammad Rashedul Alam, Head of Supply Chain and Procurement of bKash were present.
For more details, please visit- www.ipdcbd.com