Katalyst signed an agreement with BKash, a concern of BRAC Bank, to allow various agricultural value chain actors to send and receive money from their mobile phones on 20 January 2013.
BKash has a growing network of over 5,000 active agents throughout 58 districts in Bangladesh which provide fast and secure money transfer services via four major telecom companies.
As per the agreement, BKash will offer their services to maize contract farmers in the char areas, which will help the farmers to receive timely and secure payments from their respective contractors.
Mr. Goetz Ebbecke and Mr. Kamal Quader at the signing ceremony
This easy and quick transfer will significantly reduce the number of visits to contractors and lead time between payments. Mr. Kamal Quader, CEO, BKash, and Mr. Goetz Ebbecke, General Manager, Katalyst signed the agreement on behalf of their respective organisations.