BRAC Bank & Daraz Bangladesh E-Commerce Merchant financing agreement

BRAC Bank Limited and Daraz Bangladesh Limited have signed a memorandum of understanding to provide banking services to E-Commerce sellers who sales their products on Daraz.com.bd platform.

With this MOU, Daraz sellers will enjoy benefits on both deposit and loan products of BRAC Bank on the other hand, Daraz Bangladesh will provide training and advisory service to BRAC Bank SME customers to join their platform as a seller. Under this Initiative, BRAC Bank disbursed the 1st loan of BDT 5 million to Dream Electronics BD who is one of the top seller at Daraz.com.bd

Mr. Indrajit Sur, Head of Emerging Corporate, SME Banking, Mr. S M Alomgir Hossain, Head of Small Business East, SME Banking and Mr. Syed Mostahidal Hoq, Managing Director, Daraz Bangladesh Ltd, Mr. Siraj Siddiquey (Shakil), Head of Digital Banking & E-commerce, Mr. Shajed Al Haque, Senior Manager, Business Transformation, SME Banking along with senior members of Daraz Bangladesh Ltd and BRAC Bank were present at the signing ceremony on October 31, 2018.

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This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
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