Robi Axiata PLC, a telecom service provider in the country, signed an agreement with bKash to use its business-to-business (B2B) cash collection solution to streamline financial management at the field level by saving time and expenses.

Shihab Ahmad, chief commercial officer of the telecom company, and Ali Ahmmed, chief commercial officer of the mobile financial service provider, signed the agreement in the capital recently, said a press release.

Under the agreement, over 450 distribution houses of the telecom company, spread across the country, are using bKash's solution to collect cash and provide electronic money (e-money) against it.

With this B2B service, the telecom company's distribution-related financial transactions will be simplified at the field level, as the process will become cashless, transparent, and secure.

Many of the top companies in the cement, beverage, lifestyle, pharmaceutical, and food industries have already been using bKash's B2B cash collection solution to make their financial management more seamless, transparent, and secure.

This also helps strengthen the ecosystem of digital transactions in the country, hence ensuring dynamism and competence in the economy.