Eastern Bank, bKash join hands to launch 24/7 automated cash management service

Eastern Bank PLC (EBL) has signed a partnership agreement with bKash Limited to launch 24/7 automated cash management services for bKash agents, distributors and partners across the country.

Under this partnership, bKash's extensive network of agents and distributors maintaining accounts with EBL will gain access to round-the-clock automated cash management facilities.

The service is designed to enable seamless fund transfers, instant settlements, and improved liquidity management, empowering partners to operate without the constraints of traditional banking hours.

Ahmed Shaheen, additional managing director of Eastern Bank PLC, and Moinuddin Mohammed Rahgir, chief financial officer of bKash Limited, signed the agreement at a recent ceremony held at the bank's head office in Dhaka, according to a press release.

Speaking on the occasion, Shaheen said, "This collaboration reflects our commitment to building a smarter digital ecosystem for our customers."

"By enabling bKash agents and distributors to manage cash seamlessly 24/7, we are helping strengthen financial inclusion and accelerate digital transformation across Bangladesh," he added.

Echoing this sentiment, Rahgir said, "bKash has always prioritised convenience and efficiency for its partners. Partnering with Eastern Bank, a trusted name in corporate and retail banking, will further accelerate our mission to ensure uninterrupted financial services for millions across the country."

This initiative is part of EBL's broader strategy to expand its digital banking capabilities, enhance customer experience, and contribute to the growth of Bangladesh's digital financial ecosystem, the release added.