Mobile financial service Nagad and Switzerland's Zurich-based non-profit organisation Swisscontact recently signed a memorandum of understanding (MoU) to enhance the financial inclusion of apparel workers through a digital platform.
The initiative, a part of "Sarathi – Improving Financial Health," aims to introduce ready-made garment (RMG) workers to the easily-accessible services of Nagad and increase their digital literacy by raising awareness, according to a media statement.
Nagad CEO Rahel Ahmed and Mujibul Hasan (Cezanne), country director of Swisscontact Bangladesh, signed the MoU in the capital.
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Sarathi – Improving Financial Health project was launched by Swisscontact, under which both organisations seek to reach about 17,400 RMG workers and their communities with digital financial products and services.
The programme is anticipated to encourage beneficiaries to transact their digital currency in alternative avenues. The project will run until October 20.
The joint initiative will include uddokta, merchants, and educational institutions. Through this initiative, Nagad and Swisscontact will conduct activities to raise financial awareness among the RMG workers and their communities.
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