Close Menu
    Main Menu
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Facebook X (Twitter) Instagram LinkedIn
    Trending
    • Sheikh Bashir Uddin’s Market Reforms Stabilize Prices and Curb Syndicates
    • Local Ad Market Shifting to Digital Media, Traditional Platforms Marginalized
    • Malik Mohammed Sayeed appointed as New CEO of Square Toiletries Limited
    • Meghna Group of Industries (MGI) Celebrates 50 Years
    • Trailblazing Business Strategies Shaping in 2025
    • Berger Paints COO Md. Mohsin Habib Chowdhury Appointed President of the Bangladesh Paint Manufacturers Association (BPMA)
    • G M Kamrul Hassan expands role as Strategic Consultant for Akij iBOS
    • Walton records profit in July-September 2024
    Subscribe
    Business BrillianzBusiness Brillianz
    Facebook X (Twitter) Instagram LinkedIn
    Saturday, May 10
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Business BrillianzBusiness Brillianz
    Home - Finance & Banking - Bangladesh Finance and PalmPay start a strategic collaboration
    Finance & Banking

    Bangladesh Finance and PalmPay start a strategic collaboration

    August 28, 2024Updated:August 28, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    untitled_design_37-ezgif.com-webp-to-png-converter
    Share
    Facebook Twitter LinkedIn Copy Link

    Bangladesh Finance, a leading financial institution, and PalmPay Limited, a prominent fintech innovator that’s currently operating in multiple countries, headquarters in London and China, are pleased to announce a strategic partnership aimed at revolutionising access to consumer electronics in Bangladesh through a new digital loan facility.

    This partnership, marked by a landmark agreement signed on 27 August, 2024, at Bangladesh Finance’s head office, will introduce a significant influx of foreign funds into the country’s financial sector, marking a major step towards enhancing financial inclusivity.

    This collaboration will empower customers to purchase TECNO, Itel, and Infinix mobile phones, as well as other electronic products, on credit with a minimal down payment of just 10%. The remaining balance can be repaid over a flexible six-month period.
    The financing option is fully digital, simplifying the loan approval process to require only a national ID, thereby eliminating the need for a credit card.

    Read more: IPDC unveils new logo for ‘Joyee’

    Additionally, the repayment process is designed for maximum convenience, allowing customers to make payments through any digital payment method, without the need to visit a physical branch.
    The signing ceremony was attended by distinguished leaders from both organisations.

    Representing Bangladesh Finance were Mr. Manwar Hossain, Chairman; Furkan N Hossain, Director; Suman Kumar Kundu, Chief Risk Officer; Md. Faisal Hossain, Chief Technology Officer; and Md. Rafiqul Amin, Group Head of Operations. From PalmPay, notable attendees included BinBin Fan, Head of Overseas Finance; Md. Safkat Islam, Head of Strategic Partnership & Business; and Jun Zeng, Director & Country Head of PalmPay Limited.

    Md. Kyser Hamid, Managing Director & CEO of Bangladesh Finance, expressed his excitement about the partnership: “This agreement underscores our commitment to offering tailored financial solutions that empower our customers.

    By partnering with PalmPay Limited, we are furthering our goal of enhancing financial inclusivity and enabling wider access to essential technology.

    The infusion of foreign funds through this partnership comes at a crucial time for Bangladesh’s economy. With global economic challenges and local inflationary pressures affecting liquidity and consumer spending power, the introduction of foreign capital serves as a stabilizing force.

    These funds not only enhance Bangladesh Finance’s ability to offer more inclusive financial products but also play a vital role in bolstering the country’s financial stability.”

    Raed more: E-commerce refunds worth Tk 127cr stuck in payment gateways

    By channeling foreign investment into the local economy, Bangladesh Finance can extend its reach to a broader customer base, providing them with the financial tools necessary to access modern technology.

    This, in turn, stimulates economic activity, promotes technological advancement, and supports overall economic growth. Moreover, the increased liquidity strengthens Bangladesh Finance’s financial position, allowing it to offer competitive rates and terms, thereby contributing to a more resilient financial system.

    Jun Zeng, Director & Country Head of PalmPay Limited, added: “We are thrilled to collaborate with Bangladesh Finance to bring this innovative credit facility to consumers. This partnership reflects our ongoing efforts to revolutionize the financial services sector by providing accessible and convenient solutions that meet the evolving needs of our customers.”

    This partnership enhances Bangladesh Finance’s digital loan offerings, ensuring greater access to TECNO, Itel, and Infinix products. The foreign funds boost its ability to provide inclusive financial products and strengthen long-term stability.

    With a stronger capital base, Bangladesh Finance can better navigate economic challenges and support local businesses. Interested customers can visit TECNO Mobile stores or contact Bangladesh Finance for details.

    Bangladesh Finance PalmPay TECNO Mobile

    Related Posts

    Sheikh Bashir Uddin’s Market Reforms Stabilize Prices and Curb Syndicates

    March 18, 2025

    Local Ad Market Shifting to Digital Media, Traditional Platforms Marginalized

    February 13, 2025

    Malik Mohammed Sayeed appointed as New CEO of Square Toiletries Limited

    February 9, 2025
    Leave A Reply Cancel Reply

    ShareTrip-New-Ads-Banner
    Swish-Banner-Ads
    Pathao Courier

    Category
    • AI (6)
    • Awards & Recognitions (3)
    • Building & Construction (1)
    • Digital Business (10)
    • Electronics (2)
    • Events (4)
    • Export & Import (5)
    • Finance & Banking (24)
    • Innovation (10)
    • Investment (17)
    • Leadership (2)
    • Lifestyle & Fashion (2)
    • Money (10)
    • News (112)
    • Newsletters (1)
    • Real Estate (1)
    • Small Business (1)
    • Tech (3)
    • Uncategorized (2)
    About Us
    About Us

    Business Brillianz is Delivering Cutting-Edge Updates, Strategies, and Expert Advice for Businesses.

    Quick Links
    • Home
    • Blog
    • About Us
    • Contact Us
    Our Terms
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram LinkedIn
    Copyright © 2023 | Business Brillianz.

    Type above and press Enter to search. Press Esc to cancel.