BSFIC Press Release Image

Dhaka – 11th August – Bangladesh Sugar & Food Industries Corporation (BSFIC) signed an agreement to use Rupali Bank SureCash mobile financial services to disburse payments to cane growers. Under this agreement cane growers can receive their loan, repay loan, get incentive or get payment for selling cane to the mills. Under this service, 15 mills will disburse more than six billion taka annually to one hundred and twenty five thousand farmers.

The agreement was signed by Bangladesh Sugar & Food Industries Corporation Secretary Engineer Md. Mahbubar Rahman, Rupali Bank General Manager IT Md. Main Uddin and Chief Executive Officer of SureCash Dr. Shahadat Khan at the corporation headquarter.

Senior Secretary of the Ministry of Industries Md. Mosharraf Hossain Bhuiyan ndc was present as chief guest, and BSFIC Acting Chairman AKM Delwar Hossain, FCMA, Rupali Bank Acting Managing Director Mr. Debasish Chakrabarty and SureCash Chairman Md. Faizullah Khan were present as special guests.

Senior Secretary Mr. Bhuiyan said, “Sugar mill automation using e-Gazette and e-Purjee along with payment transaction using mobile banking is a big step forward for the government’s digitalization initiative. This will definitely increase the mills’ efficiency, productivity and operational transparency. For the growers, this will ensure fairness and will reduce hassle significantly.”

“To strengthen the sugar industry in Bangladesh, we need to raise the growers’ confidence and bring new energy to the sugar mills, and for this there is no alternative to digitalization”, commented BSFIC Acting Chairman Mr. Hossain.

Rupali Bank Acting Managing Director Mr. Chakrabarty said, “We are very delighted to be part of digitalization of BSFIC’s processes and transactions. Rupali Bank is the first, and so far the only government bank, that offers mobile banking and payment services.”

“We want to deliver easy and complete financial services to all people in Bangladesh. We are proud that all technology and software for SureCash platform has been engineered with the people of Bangladesh in mind and is completely developed in Bangladesh”, said CEO of SureCash Dr. Shahadat Khan.

Rupali Bank SureCash is a complete mobile banking and payment service, that allows customers to send money, pay bills, do mobile phone recharge and pay educational institutions from their own phones and allows customers to open bank account and deposit or withdraw money using more than 50,000 retail agents spread around the country.