Eastern Bank PLC (EBL) and the Chittagong Port Authority (CPA) have entered into a strategic partnership to introduce advanced digital banking services at Chittagong Port.

Ali Reza Iftekhar, managing director and CEO of EBL, and Rear Admiral S M Moniruzzaman, chairman of CPA, signed an MoU to this effect in Dhaka recently.

This collaboration seeks to enhance the efficiency of financial transactions at the port by deploying secure, modern, and seamless digital payment and collection solutions, said a press release.

As part of this initiative, EBL and CPA will jointly develop a comprehensive digital ecosystem to facilitate effortless financial transactions for all port users through EBL’s cutting-edge digital banking platform.

SM Moniruzzaman stated "The introduction of digital banking services at Chattogram Port is a significant step toward realising our vision of a smarter, more efficient port. We are delighted to collaborate with EBL in this endeavor, which will enhance operational efficiency and set a benchmark for modern ports globally."