Mohammad Abdul Mannan, managing director of Islami Bank Bangladesh, and Michael Kuehner, chief executive officer of Robi Axiata Ltd, shake hands after signing a deal between their companies in Dhaka on Sunday. The Bank intends to launch its mobile banking service, Islami Bank mCash, in partnership with the mobile operator.

Islami Bank Bangladesh Ltd is going to launch mobile banking service 'Islami Bank mCash with Robi, the Bank said in a statement yesterday.

“mCash' will enhance the Bank's services,” it said.

“Clients can enjoy banking services like money deposit, cash withdrawal, fund transfer to other accounts and remit money from overseas to mobile accounts in the least possible time,” Islami Bank said.

Mohammad Abdul Mannan, managing director of Islami Bank Bangladesh, Michael Kuehner, chief executive officer of Robi Axiata, have attended the signing of a mobile banking agreement in Dhaka.

The service also accommodates mobile top-up, commodity buying and selling and salary/wage transfer. The service will be available through any mobile operator. Accounts can be opened free with a primary balance of Tk 20 only.

Mohammad Abdul Mannan, IBBL's MD, said the bank is loyal to the central bank's effort of inclusive banking for unbanked people and the government's effort of digitalisation and that mobile banking will play a vital role in the process.

IBBL's joint service with Robi will be a milestone in the communication and banking sector of the country, he added.

Kuehner said the efforts of these two organisations can be vital to the total development of the country and bring banking services to the unbanked.

News: Daily Star/Bangladesh/28-Aug-12