Ananta Companies has signed a tripartite Memorandum of Understanding (MoU) with AGAM and Prime Bank to introduce an Earned Wages Service for its employees. This initiative aims to provide Ananta’s workforce with greater financial flexibility and stability by allowing them to access earned wages before their scheduled payday.
The signing ceremony was attended by key officials, including Team HR members and Badius Salam, the Executive Director of Ananta Companies. Under the terms of this agreement, Prime Bank will sponsor AGAM in delivering innovative financial solutions tailored to support Ananta’s workforce, primarily focused on the RMG sector, which is vital to Bangladesh’s economy.
Following the MoU signing, representatives from AGAM and Prime Bank discussed future collaborations and implementation strategies with Ananta’s top management. This collaborative effort highlights the commitment of all parties to enhancing the financial well-being of workers in the RMG industry.
UK-based fintech Agam International is at the forefront of this initiative, launching an early salary access pilot in partnership with Prime Bank. The pilot program will enable thousands of Prime Bank employees to access their earned wages instantly, reducing their reliance on informal loans and improving overall financial stability.
Ananta Companies is a prominent player in Bangladesh’s ready-made garment (RMG) industry, specialising in high-quality apparel manufacturing for global brands. With state-of-the-art production facilities, a commitment to sustainability, and a strong focus on innovation, Ananta ensures efficiency and excellence in garment production.
