Standard Chartered Bank signs Corporate Payment Agreement with PHP Family

PHP Family has recently signed a Corporate Payment Agreement with Standard Chartered Bank.

Under this agreement, PHP will avail Standard Chartered Bank’s state of the art ‘Onsite Cheque Printing’ solution to make payment through an end to end automated cheque issuance facility using ‘Straight2Bank’, the internet based platform of the Bank. PHP will also use EFT Network (BEFTN) for making payment electronically using the same platform. Under this fully automated arrangement, the cheque/payment processing time will be reduced significantly and will help PHP to increase efficiency.

Standard Chartered Bank, Bangladesh CEO Mr. Abrar A. Anwar and PHP Family Chairman Sufi Mohamed Mizanur Rahman signed the agreement on behalf of the respective organizations. Senior Officials from both the organizations were present at the signing ceremony which was held at Radisson Blu Chittagong Bay View Hotel on 28th May, 2015. (Source: Press Release)