Robi and bKash sign mobile financial service agreement

February 24, 2011 Dhaka, Bangladesh

Robi Axiata Limited and bKash Limited (a joint venture of BRAC Bank Limited and Money in Motion, LLC) signed an agreement on 24th February to make financial services accessible to broader segment of people through mobile telecom network.

Managing Director & CEO of Robi Axiata Limited Michael Kuehner and CEO of bKash Limited Kamal Quadir inked the agreement at a city hotel.

bKash, a universal financial service platform for country\s mobile users, will focus to serve the low-income people of Bangladesh and promote sustainable micro-savings to achieve broader financial inclusion by providing services that are convenient, affordable and reliable.

bKash is to provide access of its services for Robi users and include Robi\s service points to extend its distribution.

From Robi Chief Financial Officer Mahtabuddin Ahmed, Chief Marketing Officer Bidyut Kumar Basu, VP - Communications & Media Relations Mohiudin Babar and Consultant m-Commerce Meena Sivan, were present at the agreement signing ceremony.

Among others, Chairman of bKash Ltd. Muhammed (Rumee) Ali and Managing Director of BRAC Bank Ltd. Syed Mahbubur Rahman were also present at the event.