Bangladesh: Citibank successfully established Host-to-Host connectivity with M&J Group

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DHAKA, 21 March, 2021, (TON):  N.A. Bangladesh effectively settled Host-to-Host (H2H) availability with M&J Group to empower them to robotize their homegrown installment arrangements. With plans of action getting more perplexing, and worldwide purchasers looking for additional efficiencies in provider's center operational interaction, M&J Group chose to coordinate their ERP (Enterprise Resource Planning) framework (Oracle) with Citi. The web-based financial stage will guarantee quicker and more got installments for the gathering's industry.

H2H will empower secure electronic information move between Citibank, N.A. also, M&J Group's ERP framework. This availability will permit M&J Group to trade data in their favored record designs, network conventions, and security norms further hardening Citi's capacity for computerized customization. Citi stays the go to accomplice for customers' digitization activities.

M&J Group is a pioneer in advanced installments in Bangladesh. It is at present paying their full work power through versatile wallet. Larger part of the gathering's providers and other partners are getting installments through Bangladesh Electronic Funds Transfer Network (BEFTN), Real-Time Gross Settlement (RTGS) and National Payment Switch Bangladesh (NPSB) with Cheque and cash use at nearly nil levels.

Mr. Moin ul Huq, Head of Treasury and Trade Solutions, Citibank, N. A. Bangladesh said, “This is an important milestone for Citi; yet again we have shown our commitment to partner with our clients. This timely initiative by M&J Group has made them one of the pioneers in the local readymade garments industry to go for payment integrations in such a large scale.”

Mr. Salah Uddin Ahmed, Managing Director, M&J Group said, “I am very happy with the system as it is very easy to use, and it makes the admin side of payments much easier. We look forward to many more such partnerships with Citibank N.A."

 

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