Prime Bank PLC recently signed an agreement with Healthcare Pharmaceuticals Limited to provide comprehensive cash management solutions.

Sajid Rahman, senior executive vice-president of the bank, and Muhammad Halimuzzaman, chief executive officer of the pharmaceutical company, signed the deal at the bank's corporate office in Dhaka, according to a press release.

Healthcare Pharmaceuticals will use PrimePay, the bank's omni-digital channel, for all types of domestic disbursements.

The drugmaker will also utilise the bank's countrywide branch network to manage its sales collections, coupled with robust MIS reporting.

PrimePay enables clients to initiate all types of payments with ease, ensuring a high standard of security.

This omni-digital channel facilitates both electronic and paper-based payments, including RTGS, BEFTN, intra-bank fund transfers, NPSB, transfers to MFS wallets, and the issuance of corporate cheques and pay orders with digital signatures.

Corporate clients can also pay their duties, taxes, and utility bills through PrimePay.

PrimePay allows clients to authorise transactions seamlessly, resulting in faster turnaround times, reduced costs, and greater transparency.

This digital channel comes with robust security features, including two-factor authentication, and offers greater flexibility for users to access the platform on the web anytime, from anywhere.

Other senior officials from both organisations were also present.