Bangladesh’s apex garment makers’ body of the BGMEA has recently signed a Memorandum of Understanding (MoU) with Wagely Bangladesh Ltd., to raise awareness and increase the adoption of Earned Wage Access (EWA) for Bangladesh garment workers.
According to reports, BGMEA President has signed the MoU with Wagely — Wagely is building a holistic financial wellness platform with EWA at its core that lets workers of partner employers access their earned salary in real-time and financial education — with the aim to collaborate on making Wagely’s EWA accessible to the garment industry even as he expressed hope that the initiative of Wagely will play an important role in improving the financial health of more than 4.0 million workers in the Bangladesh garment industry.
“Since the financial wellness of the garment workers is important for us, I believe this will help garment factories,” reportedly claimed Faruque while underlining that BGMEA attaches utmost importance to ensuring the well-being of garment workers who are at the heart of the apparel industry.
