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Digital wage pays off for workers: WB


Digital wage pays off for workers: WB
Wage disbursements through digital payment methods is beneficial for employees as it helps increase savings and improves their ability to mitigate unanticipated financial shocks, according to a recent World Bank (WB) study.
Before a new payroll system was introduced in June last year, nearly 90 per cent of the country s workforce received their wages in cash, which was both time consuming and difficult given the volume of disbursements that needed to be made.
Millions of workers, especially those in the garment sector, then started to receive their wages directly through their banks accounts or a mobile financial service (MFS) when local lenders started disbursing salaries from the government stimulus packages. ....

Nazma Akter , Towhidur Rahman , Bangladesh Apparels Worker Federation , World Bank , Sammilito Garment Sramik Federation , Bangladesh Apparels Worker , Sammilito Garment Sramik , நஸ்மா அக்டேர் , பங்களாதேஷ் ஆடைகள் தொழிலாளி கூட்டமைப்பு , உலகம் வங்கி , பங்களாதேஷ் ஆடைகள் தொழிலாளி ,