Bangladesh Finance introduced new service to provide instant advance against salaries

Business Desk :
Bangladesh Finance has partnered with SM Fintech to provide advance financial services in exchange for the salaries of employees at private institutions who are in dire need. Bangladesh Finance will offer the financial service, and SM Fintech Limited will offer the technical assistance by using their app-based platform called “Myne”.
In this regard, an agreement was signed between SM Fintech and Bangladesh Finance at its office in the capital on Monday.
Under the deal, Bangladesh Finance will provide financial services that SM Fintech will offer to its registered members against their salaries/wages. As a result, if anyone needs money at any time of the month, there will be no need to borrow money from moneylenders at high interest rates; No need to borrow money from a relative even by destroying the honor! Instead, he/she will get loan against his/her salary in advance for the exact number of days he has worked in the month.
Md. Kyser Hamid, Managing Director & CEO of Bangladesh Finance and Arif Sikder, CEO of SM Fintech, signed on deal while senior officials from both sides were present.
Group CFO of Bangladesh Finance Md. Sajjadur Rahman Bhuiyan, Head of Sustainable Finance Mohammad Kohinoor Hossain, Chief Risk Officer Suman Kumar Kundu and others were also present in the event.