Threadwel inks deal with Meghna Bank

Business Report :

Threadwel is ready for groundbreaking partnership with Meghna Bank, marking the first collaboration of its kind within the Threadwel network.

This partnership aims to accelerate digital transformation in Bangladesh’s Ready-Made Garments (RMG) sector, offering comprehensive financial services and banking solutions to enhance the platform’s capabilities for RMGs, suppliers, and buyers nationwide.

Treadwel, a cloud-based procurement platform, has revolutionised how the RMG sector operates by allowing buyers and suppliers to connect quickly and efficiently, significantly improving procurement processes. With Meghna Bank joining as the first bank in the Threadwel network, this collaboration strengthens the platform’s value proposition, particularly in cash management. Meghna Bank’s expertise will ensure that Threadwel’s growing user base benefits from seamless financial transactions, adding a new layer of convenience and security to the digital procurement ecosystem, says a press release.

In addition to providing cash management solutions, Meghna Bank is introducing a Dedicated Desk for Meghna Bank Clients who are Partners in the Threadwel Network. This desk will serve as a specialised point of contact for all banking needs. This service aims to enhance the speed and efficiency of transactions for RMGs and suppliers who are both Meghna Bank clients and part of the Threadwel network, ensuring smoother financial operations.