Midland Bank signs MoU with Milvik Bangladesh to enhance healthcare access

Midland Bank PLC has signed a memorandum of understanding (MoU) with Milvik Bangladesh Limited, a Swedish HealthTech company providing innovative digital healthcare services and insurance, aimed at improving healthcare access and delivery in underserved communities.

Mohd Javed Tarek Khan, senior executive vice-president and head of the institutional banking division at Midland Bank PLC, and Shihab Uddin Chowdhury, country manager of Milvik Bangladesh Limited, signed the MoU at the bank's head office in Dhaka on Sunday, according to a press release.

The strategic partnership seeks to leverage digital technologies and financial inclusion initiatives to meet the growing demand for accessible healthcare, not only in urban centres but also in rural and remote areas.

Under the agreement, both organisations will collaborate to develop sustainable healthcare solutions that enhance health outcomes through technology-driven platforms.

The initiative will also offer health insurance packages tailored to all segments of society.

Midland Bank's expertise in financial services will complement Milvik Bangladesh's advanced healthcare technologies, with a focus on telemedicine, health monitoring, mobile health applications, and digital health records, thereby extending healthcare services to individuals who are geographically distant or unable to access traditional medical facilities.

Key objectives of the collaboration include subscription collection via Midland Bank's agent banking network, API integration for app-in-app services, special discounts for Midland Bank cardholders, Milvik subscriptions linked to the MDB payroll package, and health campaigns for the bank's corporate clients.

Md Rashed Akter, head of retail distribution division of the bank; Omar Sharif, head of digital financial services; Mohammad Hassibur Rahman, head of cash management; and Ashrafur Rahman, relationship manager; Mohammad Ishaque, country lead (mHealth) of the healthtech company; Riaz Mostafa, country lead (finance and admin); and Rahat Ikbal, country lead (field sales), were also present.