BRAC Bank partners BFDS for freelancers’ easy banking

BRAC Bank and Bangladesh Freelancer Development Society (BFDS) have partnered to ensure easy and smooth banking services for the freelancers of the country.

BRAC Bank and BFDS, the forum that facilitates works and ventures of the freelancer community, signed a memorandum of understanding (MoU), a collaboration that reflects strong commitment of the two organizations to the promising freelancing industry, according to a press release.

The partnership followed BRAC Bank’s launch of the country’s first ever Freelancer Account a week earlier aiming at widening the opportunities for the professionals of the promising gig economy.

Dr Tanjiba Rahman, chairman; Jashim Uddin Joy, Senior Vice Chairman, Mahfuzur Rahman, General Secretary of BFDS; and Md Mahiul Islam, head of Retail Banking, BRAC Bank, signed the MoU at the bank’s head office in Dhaka on Tuesday in presence of Selim R F Hussain, managing director and CEO of BRAC Bank.

Sarah Anam, head of deposits & NFB, BRAC Bank, and senior officials of the two organisations were also present, along with officials from Visa, the global leader in digital payments.

At the ceremony, Selim R F Hussain handed over the first batch of Freelancer Matrix Visa Debit Cards to freelancers who are members of BFDS.

Commenting on the strategic partnership, Selim R F Hussain, said, “We believe in the talent and potential the freelancers possess and the promise the freelancing industry holds. That’s why we have partnered with BFDS so that the freelancers can avail banking services easily without any hassle and turn their passion into successful venture.”

“This is an important partnership for us as we want to play an active role in making Bangladesh a global hub for freelancing and contribute significantly to boost foreign exchange earnings. We will continue to explore new ways to cater to the evolving needs of the freelancers,” he continued.

Earlier on November 30, BRAC Bank launched ERQ account solution styled ‘BRAC Bank Freelancer Matrix Account.’

It provides big convenience for receiving foreign currency income and smooth day-to-day transaction, as well.

The proposition came as much delight to more than 650,000 freelancing professionals who would enjoy hassle-free banking experience.

They now get an international Visa debit card that is widely accepted, for BRAC Bank Freelancer Matrix account which allows them to seamlessly receive their remittance earnings in US Dollar and easily convert it into local currency (BDT) with a linked transactional account.

They will be able to conduct cross border eCommerce, POS & ATM transactions for business purposes such as cloud based solutions, domain hosting etc. This account comes bundled with exclusive benefits of the Visa International Debit Card.