Prime Bank Signs Payroll Agreement with SQ Lights

Prime Bank PLC, one of Bangladesh’s leading private commercial banks, has signed a Payroll Agreement with SQ Lights Ltd., offering exclusive banking privileges to the company’s employees.

The agreement was formalised during a signing ceremony held recently at Prime Bank’s corporate office in Dhaka.

Under the terms of the agreement, employees of SQ Lights Ltd will gain access to a range of benefits, including preferential banking services, credit card and loan options, and access to PrimePay, the bank’s digital payroll platform. PrimePay offers automated salary disbursements and round-the-clock corporate payment solutions.

The agreement was signed by M Nazeem A Choudhury, Deputy Managing Director of Prime Bank, and A Z M Monjurul Quader, Chairman of SQ Lights Ltd.

Attending the ceremony were several senior officials from both organisations, including Mamur Ahmed, SEVP and Head of Distribution Network, Md Enamul Kabir, EVP and Regional Head, Md Rashaduzzaman, EVP of the Commercial Banking Division, Hasina Fardous, VP and Head of Payroll Banking at Prime Bank, and Mohammad Mamunur Rashid Chowdhury, CFO of SQ Lights Ltd.