Prime Bank PLC has entered into a payroll banking agreement with Pharma Solutions Bangladesh Limited, a company specializing in pharmaceutical distribution, warehousing, and healthcare supply chain services across Bangladesh. The deal aims to provide comprehensive payroll banking facilities to Pharma Solutions’ employees.

The agreement was formalized at Prime Bank’s headquarters in Gulshan, Dhaka, where Mamur Ahmed, senior executive vice-president and head of distribution network at Prime Bank, and Pallab Chakravorty, chief executive officer of general administration at Pharma Solutions, signed the contract. Several senior officials from both organizations were also present, including Hasina Fardous, senior vice-president and head of payroll banking at Prime Bank, and Abu Saied Md Al Mamun, director of finance at Pharma Solutions.

Under the terms of the partnership, Pharma Solutions employees will gain access to a package of payroll banking services. These include salary accounts featuring competitive interest rates, dual-currency debit cards with waived fees and added lifestyle benefits, as well as customized loan and credit card options. Additionally, employees will have preferential access to a broad range of consumer banking products.

A key feature of the agreement is access to PrimePay, Prime Bank’s omni-digital platform that facilitates automated and seamless salary disbursements. The platform also provides continuous corporate payment solutions, enabling efficient and timely financial transactions for the company and its staff.

This collaboration reflects Prime Bank’s ongoing efforts to expand its payroll banking portfolio and enhance employee banking experiences through digital innovation and tailored financial services. Meanwhile, Pharma Solutions Bangladesh Limited seeks to streamline its salary disbursement process and offer its workforce enhanced financial convenience and benefits through this partnership.