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Sonali Bank Partners with Islami Bank For Online Fee Collection

Industry: Bank, Financial
Company: Islami Bank Bangladesh Limited (IBBL), Sonali Bank Limited
Company Intelligence Tag: Partnership Insights

Sonali Bank PLC, one of the largest state-owned banks in Bangladesh, has signed an agreement with Islami Bank Bangladesh Limited to enable the collection of fees and charges from customers of Islami Bank’s digital wallet service ‘Cellfin’ and mobile financial service ‘Mcash’ through Sonali Bank’s payment gateway. The deal allows the 2.7 million Cellfin customers and 0.8 million Mcash customers to conveniently make online payments for various fees and charges while staying at home. The signing ceremony took place at Sonali Bank’s head office, with top executives from both banks in attendance.

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