Singapore-based payroll and people solutions service provider BIPO Services (Bangladesh) will use a modern online-based e-cash management service of Midland Bank named Midland Cash Management (MCM) application for its day-to-day business banking and cash transactions.

To this end, a memorandum of understanding was signed between these two institutions on Tuesday (November 21) at the Midland Bank HQ located in Gulshan of the capital.

Head of Institutional Banking Division of Midland Bank Md. Javed Tarek Khan and Country Head of BPO Service (Bangladesh) Limited Md. Saddam Hussein signed the agreement on behalf of their respective organizations.

Prashanta Kumar Saha, Head of Institutional Liability Unit, Midland Bank, and Iffat Ara, IT Talent Acquisition Specialist, BIPO Services (Bangladesh) Limited were also present at the signing ceremony.

BIPO, after its inception in 2010 started its operations in Bangladesh from 2021. Currently, the organization is working on payroll and human resource management for employees of various global organizations in more than 150 countries.

On the other hand, Midland Bank started its operations in 2013 as a fourth-generation private commercial bank in Bangladesh. The bank is offering app-based digital banking services along with card and online services to open bank accounts, fixed deposits and pay various types of bills through the use of information technology.

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