SureCash terminates 108 employees
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
February 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, FEBRUARY 04, 2023
SureCash terminates 108 employees

Bangladesh

Shafayat Hossain
15 April, 2020, 06:15 pm
Last modified: 15 April, 2020, 06:20 pm

Related News

  • Fintech to dictate future banking: Pubali Bank MD
  • Mobile banking transactions hit second-highest in June
  • Boosted by Eid, April saw the highest ever MFS transactions
  • Tk100cr fund set up for mobile banking loans  
  • Savings through MFS: A timely and beneficial approach for financial inclusion

SureCash terminates 108 employees

Those employees suddenly received phone calls from the company’s human resources department and learned that their services were no longer required

Shafayat Hossain
15 April, 2020, 06:15 pm
Last modified: 15 April, 2020, 06:20 pm
SureCash terminates 108 employees

SureCash, a mobile financial platform of Progoti Systems Ltd, recently terminated 108 of its permanent employees amid the unprecedented uncertainty the country is facing now due to the Covid-19 pandemic. 

On April 9, those employees suddenly received phone calls from the company's human resources department and learned that their services were no longer required, said sources.

The company also did not inform the terminated employees when they would get their salaries and other payments as per the service rule.

An area manager of SureCash, who has been sacked, told The Business Standard, "It was very much unexpected for me to hear that I have no job in this tough situation amid the coronavirus outbreak. 

"I even fear whether I will get paid for this month or not. How I will survive with my family in this situation?"

On Wednesday, SureCash said in an official statement that for the last six to seven months, the company had been working to improve the operational efficiency to provide better services to its 20 million customers across the country, and that it was re-structuring the sales department to survive in this competitive market. 

"As a result, some of the positions have to be abolished, and unfortunately this is happing at this difficult time," read the statement sent by Mashrur Hassan Mim, head of marketing communication of SureCash. 

SureCash started commercial operations in 2015. It is an open payment network in partnership with four local banks, including one of the largest state-owned banks and more than 1,000 payment partners.

So far, SureCash has invested Tk200 crore in this market, read the statement. 

The mobile financial platform is now providing technology support to state-owned Rupali Bank for operating mobile banking services to provide stipend for primary education. More the one crore mobile financial services (MFS) accounts of Rupali Bank have been managed by SureCash. 

Bangladesh Commercial Bank, Jamuna Bank and First Security Islami Bank are also operating MFS accounts jointly with SureCash. Recently, National Commerce and Credit (NCC) Bank ended its partnership with SureCash. 

Another sacked employee of SureCash said, "We are living under uncertainty after being terminated from our jobs. Our employer is not confirming when they will pay our salaries."

On April 5, Prime Minister Sheikh Hasina declared Tk72,750 crore package to revive the economy from the pandemic's impact and assured that no one would be jobless in the Mujib Year.

The government has announced 2020-2021 as Mujib Year marking the birth centenary of the Father of Nation Bangabandhu Sheikh Mujibur Rahman.

SureCash authorities said as part of their ongoing effort to improve the operational efficiency, several people have been recruited in various departments, including in the company's leadership positions, recently.

Top News

SureCash / mobile banking

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Is the IMF to blame for growing pressure on your wallet?
    Is the IMF to blame for growing pressure on your wallet?
  • Dr Salehuddin Ahmed. Illustration: TBS
    Reforms in banking must to sustain financial sector
  • Why 2012 reforms were not done is a million-dollar question
    Why 2012 reforms were not done is a million-dollar question

MOST VIEWED

  • Bapex calls candidates for job test 9 years after advert!
    Bapex calls candidates for job test 9 years after advert!
  • Bangladesh's GDP growth to stay below pre-pandemic level even in FY27: IMF
    Bangladesh's GDP growth to stay below pre-pandemic level even in FY27: IMF
  • Photo: TBS
    Basecamp launched at Foy’s Lake in Ctg
  • Photo: Saqlain Rizve
    Bangladeshi university students identified as problematic users of Facebook, internet: Study
  • Dhaka isn't safe after midnight: DMP 
    Dhaka isn't safe after midnight: DMP 
  • Second terminal of Hazrat Shahjalal International Airport, Dhaka/Photo- Zia Chowdhury/TBS
    Dhaka airport flights to remain suspended for 5 hours every night for 2 months

Related News

  • Fintech to dictate future banking: Pubali Bank MD
  • Mobile banking transactions hit second-highest in June
  • Boosted by Eid, April saw the highest ever MFS transactions
  • Tk100cr fund set up for mobile banking loans  
  • Savings through MFS: A timely and beneficial approach for financial inclusion

Features

Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

17h | Panorama
Photo: Rejaul Hafiz Rahi

A jackal farewell

18h | Earth
The trio spearheading the revival of book cover designs

The trio spearheading the revival of book cover designs

19h | Panorama
Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

1d | Wheels

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

1d | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

1d | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

1d | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

1d | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]