From now on, Agrani Bank customers can do their banking transactions through bKash app. As a result, more than 10 million customers of Agrani Bank can experience seamless, secure, time saving and cost effective banking services 24/7 from anywhere of the country.
Agrani Bank is the first state-owned commercial bank to launch this two-way (Agrani to bKash ‘Add Money’ and bKash to Agrani ‘Transfer Money’) instant fund transfer facility in partnership with a mobile financial service provider.
A H M Mustafa Kamal, FCA, MP, Finance Minister of the government of Bangladesh inaugurated the service through a virtual event today. Md Ashadul Islam, Senior Secretary of the Financial Institutions Division of the Ministry of Finance, Dr. Zaid Bakht, Chairman of Board of Directors of Agrani Bank and Mr. Ahmed Jamal, Deputy Governor of Bangladesh Bank were present as special guests. Ms. Mahmuda Begum, Director of Agrani Bank; Mohammad Shams-Ul Islam, MD and CEO of Agrani Bank; Kamal Quadir, Chief Executive Officer of bKash; Md Sabbir Hossain, Deputy Managing Director and COO of Agrani Bank; Mizanur Rashid, Chief Commercial Officer of bKash and other Board of Directors of Agrani Bank and Observers of Bangladesh Bank were also present at the event.
On the occasion of the launch of this new service, customers will get 100 taka instant cashback in bKash account when they Add Money over 500 taka. Customers can avail this service 24/7 without going outside during the Covid situation.
Customers can easily add their Agrani Bank account credentials in the bKash app in a few simple steps and enjoy all the services anytime, such as: Electricity Pay Bill, Make Payment, Mobile Recharge, Tickets, Send Money or Cash Out. Customers will also be able to Transfer Money to their Agrani bank account from bKash anytime and avail services like payment of installments of DPS or loans, depositing money to bank account from home, etc.
These small-amount transactions through bKash will reduce pressure on the bank's branches and create opportunities to pay more attention to the customers with specialized needs. Hence the customers will have more freedom and capability to transact 24/7 from any place as per their necessity as there is no limited time like regular banking hours.
Finance Minister A H M Mustafa Kamal, the chief guest at the inaugural ceremony, said, "To make the vision of ‘Digital Bangladesh’ a reality, our government is relentlessly working to improve the living standards of the people as well as patronizing banking and MFS sector. With this public-private joint initiative, Agrani Bank’s services are reaching out to the people through bKash. Our country's reputation for mobile financial services is globally acclaimed, which will be further enhanced with the addition of this new service."
Md Ashadul Islam, Senior Secretary of the Financial Institutions Division of the Ministry of Finance praised the initiative of Agrani Bank and bKash and said that the service will make banking affordable to all types of customers.
Dr. Zaid Bakht, Chairman Agrani Bank said that this joint venture will make the vision of Digital Bangladesh come true and spread this digital service to the marginal people of Bangladesh.
Ms. Mahmuda Begum, Director of Agrani Bank thanked and praised Agrani Bank and bKash for bringing such a convenient service.
Mohammad Shams-Ul Islam, MD and CEO of Agrani Bank, said, "Customers no longer need to come to the bank, rather the bank will go to the customers. After the initiation of this service with bKash, it is the reality now. From remote areas to cities across the country, large number of our customers in 958 bank branches and agent banking points will be able to perform transactions anytime they need. It will also play a strong role in further enhancing the overall service quality of the bank's branches across the country."
Kamal Quadir, Chief Executive Officer of bKash, said, "Using our customer-friendly digital transaction technology, banks can deliver their services to the customers more innovatively. Besides Add Money and Transfer Money, other banking services like loan, investment, etc. can also be made available and affordable to the customers. This joint venture of bKash and Agrani Bank is a significant step towards effective financial inclusion."