More ready-made garment workers will receive their salary to their mobile wallets as four factories- Ananta Companies, Best Wool Sweaters Ltd, Renaissance Group and Snowtex Group have signed agreements with country's largest mobile financial services provider, bKash to pay their employees.
The documents were exchanged today at a local hotel by Kamal Quadir, Chief Executive Officer (CEO) of bKash, Inamul Haq Khan, Managing Director of Ananta Companies; S.M Khaled, Managing Director of Snowtex Group; Muhammad Alamgir Kabir, Director of Renaissance Group and Siamul Hasan Siam, Director of Best Wool Sweaters Ltd.
Under these agreements, 10 thousand employees of Ananta Companies, 6,000 of Best Wool Sweaters Ltd., 5,500 of Renaissance Group and 10 thousand workers of Snowtex Group will get their wages through bKash.
At present, more than 170 garment institutions in the country are disbursing salary through bKash to around 2 lac workers. Since this salary disbursement system through bKash is gaining much trust and popularity, more and more factories are enrolling into it including these four large ready-made garments exporters.
The conventional banking system of disbursing salary to the low paid income groups was very expensive as most of the salary were disbursed in cash. In doing so the factory is incurring cost and taking lots of stress. In turn they are losing effective man hours and production. Therefore a digital payment system like bKash has addressed all these problems to make the overall Payroll disbursement process easy, secure and transparent.
Moreover, the workers can use their bKash account’s money immediately after receiving the salary, such as: sending money to other bKash accounts, buying airtime on mobile, paying different types of bills, making payment after purchasing products at shops, etc. Cash Out is also available from more than 2 lac bKash agent-points across the country. Even if workers want to have interests on their accounts, they surely can get it by saving money there.
bKash also creates awareness amongst the workers on secure utilization of mobile wallet and facilitates account registration campaigns within the factories.
In broader aspect, bKash considers its digital salary disbursement solution is contributing in women empowerment, financial inclusion of the unbanked population towards building a Digital Bangladesh.
Mizanur Rashid, Chief Commercial Officer (CCO), Masrur Chowdhury, Head of Govt. Projects & Business Sales, Commercial from bKash, Syeda Shaila Ashraf, Corporate HR Head from Renaissance Group, M. Sajedul Karim, Deputy Managing Director from Ananta Companies, Md. Mosarrof Hossain, Group Director, Operations from Snowtex Group and Siamul Hasan Siam, Director from Best Wool Sweaters Ltd and high officials of all parties were present during the signing ceremony.