BRAC Bank to provide fee collection service to East West University

BRAC Bank has signed an agreement with East West University to provide student fee collection services.

Sheikh Mohammad Ashfaque, deputy managing director and head of branch distribution network at the bank, and Air Cdre (retd) Ishfaq Ilahi Choudhury, treasurer of the university, signed the agreement in Dhaka, according to a press release.

This agreement aims to ensure seamless and efficient fee collection facilities for the university and its students.

The technological integration between the two organisations will facilitate secure, smooth, and real-time fee and charge payments.

Students and their guardians will benefit from the bank's extensive distribution network, which includes 189 branches, 74 sub-branches, and over 1,100 agent outlets for fee deposits.

The bank is also set to integrate its Astha App and online payment gateway to further streamline payment processes.

BRAC Bank's ability to extend fee collection services and payment mechanisms is enhanced through the combination of its institutional payment platform, CorpNet, and small business and retail digital payment platform, Astha.

This integration simplifies administrative tasks for corporations and institutions, improving cost efficiency by optimising various finance and payment processes.

Additionally, the bank offers customised payment solutions for educational institutions that do not use education management systems, ensuring their specific needs are met.

AKM Faisal Halim, head of transaction banking at the bank; Ali Talukder, head of branch digital transformation; and Touhidul Islam, finance controller at the university; along with senior officials from both organisations, were also present.