The corporate headquarters of Prime Bank PLC in Dhaka recently served as the venue for a pivotal alliance, as the bank formalised a payroll banking agreement with Bauwerk Limited. This partnership brings together one of the country’s most digitally-inclined financial institutions and a global leader in technology-led construction services. The collaboration is designed to revolutionise how Bauwerk manages its human resources and financial disbursements, replacing traditional methods with an automated, high-efficiency digital framework.
Leading the ceremony were Md Asif Bin Idrish, Senior Executive Vice-President and Head of Emerging Markets for Prime Bank, and Julian Andrin Weber, the Chairman of Bauwerk Limited. The signing reflects a mutual commitment to leveraging financial technology to improve corporate operations. By integrating Bauwerk’s payroll into Prime Bank’s infrastructure, both organisations aim to set a benchmark for corporate banking within the technology and construction sectors.
Under this agreement, Bauwerk’s workforce will be transitioned into a specialised banking tier. This shift provides employees with more than just a place to receive their wages; it offers a suite of lifestyle and financial tools specifically engineered to maximise their disposable income and simplify their daily transactions.
Comprehensive Employee Benefits Package
| Service Category | Details of the Payroll Offering |
| Transactional Banking | Salary accounts with competitive interest and zero maintenance fees. |
| Card Services | Dual-currency debit cards featuring global acceptance and fee waivers. |
| Lending Facilities | Custom-tailored personal loans and credit cards on preferential terms. |
| Digital Platform | Full integration with PrimePay for automated salary processing. |
| Lifestyle Incentives | Exclusive discounts at various lifestyle, health, and dining partners. |
The technical backbone of this partnership is PrimePay, Prime Bank’s proprietary omni-channel digital platform. This system allows Bauwerk’s management to execute seamless and automated salary disbursements with a few clicks, ensuring that the workforce is paid on time, every time. Furthermore, the platform offers 24/7 corporate payment solutions, allowing for real-time financial agility. For employees, the digital access ensures they can manage their finances, pay bills, and transfer funds through a secure and user-friendly mobile interface.
The event was marked by a strong assembly of leadership. Prime Bank was represented by high-ranking officials including Md Enamul Kabir, Hasina Fardous, Mohammed Zubaer, HM Mamun, and Robiul Alam Iskandar. The Bauwerk delegation featured Md Humayun Kabir, Naleen Kaura, and Md Jishan Rahman. The presence of such a diverse range of specialists—from finance and human resources to emerging markets—highlights the multi-faceted nature of this corporate partnership.