Md. Abul Kashem, Deputy Governor of Bangladesh Bank, inaugurates Islami Bank m-Cash service at a function at a hotel in Dhaka.

Islami Bank Bangladesh Ltd (IBBL) Thursday launched mobile banking service for its clients.

Bangladesh Banks Deputy Governor Md. Abul Kashem formally inaugurated the service titled Islami Bank m-Cash at a city hotel. With Managing Director of IBBL, Mohammad Abdul Mannan in the chair, the function was also attended by Bangladesh Banks  Executive Director Das Gupta Asim Kumar, IBBL Executive Committee Chairman Engr. Eskandar Ali Khan and Chief Financial Officer of Robi Axiata Ltd Mahtabuddin Ahmed.

While addressing, the central banks deputy governor urged the mobile banking operating institutions to strictly follow the central banks guidelines in this regard.

M-banking is a good system and protects the people from fake notes and other hassles related to traditional cash transactions, Md Abul Kashem added.

He further said as 60 percent of the countrys population use mobile phones, the expansion of M-banking will play an effective role bringing more people under banking service easily. He mentioned that over 50 million people are still out of banking service.