BRAC Bank will introduce mobile banking service using cell phone as a tool to extend its services to the doors of the people.

The bank authority has unveiled the initiative at a press conference on the occasion of the bank’s 10th founding anniversary at Dhaka Reporters Unity yesterday, said a press release.

BRAC Bank Managing Director and CEO Syed Mahbubur Rahman, Deputy Managing Director Mohammad Mamdudur Rashid and Head of Corporate Affairs Zeeshan Kingshuk Huq, among others, were present on the occasion.

The bank will provide the banking service using coded VSAT technology platform through Bikash, a joint venture of the bank and US-based Money in Motion, speakers told journalists.

Syed Mahbubur Rahman hopped that the ‘Bikash’ will change the traditional banking process.

“When the mobile baking will be launched the customers will not come to the bank; instead the bank will go to doors of the customers,” he added.

News: Daily Sun/ Bangladesh/ July-03-2011