BRAC Bank, Sheba to facilitate digital commerce for SMEs

BRAC Bank and Sheba Platform have recently signed an agreement and marked the official kickoff of ‘SME Bondhu’, an SME banking initiative that aims to facilitate MSME’s inclusion into the ever-growing digital commerce.

The objectives of the project are: to leverage BRAC Bank’s network and facilitate women-led SMEs revive their businesses; introduce and promote digital ways of business; train and develop SMEs’ capability to run business in new ways of normal; help SMEs and Women Entrepreneurs attract new customers; promote digital transaction, payments; logistics and delivery; and promote sustainable business approach and ensure long-term profitability, said a press release.

Syed Abdul Momen, deputy managing director and head of the SME Banking at BRAC Bank, and Ilmul Hoque Sajib, chief operating officer of Sheba Platform, inked the agreement on behalf of their respective organizations at the bank’s head office in the capital on September 28.

Senior officials from both organisations were also present at the event.