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.