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HSBC, KGDCL sign agreement to offer bill collection solution

Staff Correspondent
07 Jun 2023 00:00:00 | Update: 06 Jun 2023 23:03:15
HSBC, KGDCL sign agreement to offer bill collection solution
Officials of HSBC, KGDCL at the agreement signing ceremony at KGDCL Head Office in Chattogram on Tuesday – Courtesy Photo

The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Karnaphuli Gas Distribution Company Limited (KGDCL) in Chattogram, Bangladesh have recently signed an agreement to offer bill collection solutions for KGDCL’s consumers.

The signing ceremony was held at KGDCL Head Office in Chattogram. This proposition will provide a more efficient and cost-effective collection modality for KGDCL and HSBC’s customers, read a press release on Tuesday, said a press release.

HSBC is the first foreign bank to integrate with KGDCL in Bangladesh with an innovative API (Application Programming Interface) based branch collection proposition.

The proposition model will aid KGDCL to validate their consumer collections against their record through API and to reconcile efficiently. This will facilitate KGDCL consumers to avail of best-in-class services from HSBC Branches while paying KGDCL bills.

KGDCL is a concern of Petrobangla or Bangladesh Government–owned gas distribution company responsible for distributing gas in the Chattogram district and the Chattogram hill tracts. The solution will support KGDCL with improved visibility and control over their industrial and commercial Customers’ gas bills.

Gerard Haughey, country head of wholesale banking, HSBC Bangladesh and Engr Md Rafiqul Islam, managing director, KGDCL signed the agreement on behalf of their respective organisations. Along with them Devesh Mathur, chief operating officer of HSBC Bangladesh, and other senior officials from KGDCL and HSBC Bangladesh attended the agreement signing ceremony.

In this regard, Engr Md Rafiqul Islam, managing director of KGDCL commented, “We are extremely pleased to partner with HSBC Bangladesh as the first foreign bank with the vision to shift towards digitise collection platform and sustainable nation.