StanChart inks deal with IDLC Finance to facilitate its online deposit collection

Standard Chartered Bangladesh has recently signed an agreement with IDLC Finance for the latter to use its "Straight2Bank Pay" solution.

 

IDLC Finance has recently launched an Online Digital Deposit Service, says a press release.

 

The solution will enable the service to act as a single gateway with multiple payment options for the collection of deposits from the IDLC's depositors. Real time application programming interface integration will allow instant transfer of deposit information.

 

IDLC Finance depositors can also open fixed deposit accounts anywhere, anytime and make payment using the multiple payment options.

 

Such solutions will enable today's corporates and financial institutions to digitalise collection processes for both online and offline channels, said Alamgir Morshed, head of financial institutions of Standard Chartered Bangladesh.

 

The service will provide customers a convenient, reliable and cost-effective option for deposit payments, said Jamal Uddin, managing director of IDLC Finance.