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26 June, 2019 01:20:30 AM
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RMG workers’ wage payment system to go digital

STAFF REPORTER, Dhaka
RMG workers’ wage payment system to go digital
President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Rubana Huq speaks at an event to establish the business case for digital wage payments using mobile financial services in the readymade garment (RMG) sector in the capital yesterday. photo: courtesy

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Rubana Huq yesterday said the wage payment system of RMG workers is going to be digitised soon.

The BGMEA chief said this while speaking at a knowledge-sharing event on creating the business case of MFS-based wage digitisation in the RMG sector organised by the International Finance Corporation (IFC) at a hotel in the capital.

International Finance Corporation (IFC), a member of the World Bank Group, organised the event yesterday to establish the business case for digital wage payments using mobile financial services in the readymade garment (RMG) sector and launched a series of resources to enable garment factories to transition from cash to mobile-based wage payments for their workers.

Rubana Huq said the association is going to sign an MoU with government and RMG workers will receive their wages under the digitised system soon.

UNB adds: “RMG workers will receive their wages under the digitised system. We’re going to sign a memorandum of understanding (MoU) with the ICT Ministry on June 27 to introduce mobile banking ‘e-wallet for RMG workers’,” she said.

She said the aim of the digitising the payment method is to fulfill government's goal to go for a 'Cashless Bangladesh'.

Rubana urged country’s all the mobile financial service providers like bKash to come forward to join the ‘e-Wallet for RMG Workers’ platform.

“Our main goal is to build digital Bangladesh. So, we hope our goal will be implemented overcoming all bureaucratic complexities,” she said.

The BGMEA president said their main challenge is now to implement the wage digitisation process in all the garment factories.

Specialised tools will allow mobile financial services providers to expand the range of digital payments for garment workers and ensure that the RMG sector can take the initiative forward.

It is part of IFC’s and Bangladesh Bank’s joint initiative to include women financially through Mobile Financial Service (MFS) adoption.

“Bangladesh Bank has worked tirelessly to ensure that the financial sector expands inclusively to reach underserved segments, such as women. IFC has been a long-standing partner in supporting us to achieve this goal, and the efforts to financially empower female garment workers is commendable,” said Masuma Sultana, deputy general manager of Bangladesh Bank.

IFC has been supporting Bangladesh Bank’s efforts to develop a range of services, such as SME finance, long-term finance, infrastructure finance, sustainability and risk management, and financial integrity.The collaboration with the central bank has been expanded to include other areas that can have a transformative impact on the financial sector, such as digital financial services. The partnership project is supported by the World Bank Group’s Umbrella Facility for Gender Equality.

Ananya Wahid Kader, senior financial sector specialist of IFC, Shwapna Bhowmick, country manager of Bangladesh and Myanmar of Marks and Spencer, Sharif Almas Rahman, director of Stylecraft Ltd, and Mid Sajjadur Rahman Mridha, chairman of ABA Group, were present.

Besides, Mizanur Rashid, chief commercial officer of bKash, and Takreem Riwan Siddiqui, consultant of IFC, spoke at the event while Nuzhat Anwar, acting country manager of Bangladesh, Bhutan and Nepal of IFC, gave the opening remarks.

EA

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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