BRAC Bank has partnered with North South University (NSU) to deliver advanced cash management solutions, transforming financial operations within Bangladesh’s education sector.
Through this innovative alliance, BRAC Bank will implement a cutting-edge tuition fee collection system for NSU via the Universal Collection Platform, harnessing its extensive distribution network.
This state-of-the-art solution empowers students and guardians to deposit tuition fees effortlessly over the counter at BRAC Bank branches, ensuring a seamless and user-friendly experience.
This partnership alleviates the university’s administrative tasks by simplifying the fee collection process. It also provides real-time transaction updates to enhance transparency and accuracy and allow for immediate reconciliation.
This partnership was formalised at a signing ceremony at North South University on 11 December 2024.
The agreement was signed by Tareq Refat Ullah Khan, Deputy Managing Director and Head of Corporate & Institutional Banking at BRAC Bank, and Prof. Abdul Hannan Chowdhury, Vice-Chancellor of North South University.
The event was attended by senior officials from BRAC Bank, including AKM Faisal Halim, Head of Transaction Banking; Mohammad Arif Chowdhury, Unit Head of Transaction Banking; Muntasir Rahman, Head of Application Development and Enterprise Systems; and Zia Sajid, Head of Product, Transaction Banking.
By enhancing financial efficiency, this collaboration will catalyse growth and development within the education sector, paving the way for a brighter future for students across Bangladesh.
This partnership marks a significant milestone in the bank’s mission to uplift educational institutions and their stakeholders through modern, efficient, and technology-driven cash mobilisation solutions.
Through this initiative, BRAC Bank underscores its steadfast commitment to leading innovation and service excellence while transforming Corporate and Institutional Banking.