A memorandum of understanding has been signed between South Bengal Agriculture and Commerce (SBAC) Bank and 'Paywell', a company of Cloud Well Limited, with the aim of providing digital transaction services to customers.

The Deputy Managing Director of the bank recently at the head office of SBAC Bank. Nurul Azim and Cloudwell Limited Managing Director and CEO Anisul Islam signed the agreement on behalf of their respective organizations.

In the contract signing ceremony, Head of ADC of SBAC Bank Mohammad Shafiul Azam, Head of Agent Banking Md. Feroz Chowdhury, CEO of Paywell Mohammad Kudartullah along with officials of both organizations were present.

Through this agreement, SBAC Bank's agent banking customers will be able to use Paywell's platform to receive all types of digital services including utility bill payment, mobile top-up, tickets.

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