BRAC Bank is going to introduce bKash Mobile Financial Service for clients who want avail financial services by using mobile phones, bank officials said on Saturday.
bKash, a joint venture between BRAC Bank and the US-based Money in Motion, will launch the service within a few days, said the bank's managing director and chief executive officer, Syed Mahbubur Rahman.
bKash is using fully encrypted VISA technology platform for transactions over mobile phones, he told a news conference held on the eve of BRAC Bank's 10th founding anniversary at Dhaka Reporters' Unity.
'bKash will fundamentally change the way people now do transactions as in the future all transactions can be done through mobile phones. Customers will not be needed to come to the bank, rather the bank will come to their places,' Mahbubur said.
bkash has already signed with a leading mobile operator and is in dialogue with others so that the entire mobile subscription base – which currently stands at around 7.5 crore – will be able to have individual digital wallets to avail necessary financial services, the bank said in a statement.
The bank at present has 151 branches across the country and 250 ATM booths.
The deputy managing director of the bank, Mamdudur Rashid, and its head of corporate affairs Zeeshan Kingshuk Huq were also present on the occasion.
Source : New Age
