69 lakh Pubali Bank clients to enjoy two-way bKash transactions
BI Report || BusinessInsider
The high-ups of Pubali Bank and bKash pose for a group photo. Business Insider Image
From now, some 69 lakh customers of Pubali Bank Limited will be able to ‘Add Money’ instantly to their valid bKash account using the bank’s app and internet banking.
Bank, country’s largest private commercial bank, and the largest Mobile phone-based Finance Service (MFS) provider bKash inaugurated a joint service at a city hotel on Tuesday.
Very soon, they will also be able to ‘Transfer Money’ from bKash to Pubali Bank, according to a press statement.
The initiative will empower the customers and provide them with more freedom in financial transactions as they no longer need to visit bank counters or ATM booths.
Apart from the Add Money and Transfer Money, the bKash customers can avail Cash Out services from ATMs of Pubali Bank, spread across the country, it reads.
Remittance sent by the expatriates living in different parts of the world can also be delivered to their near and dear ones’ bKash account via Pubali Bank.
Safiul Alam Khan Chowdhury, managing director and chief executive officer (CEO) of Pubali Bank and Kamal Quadir, CEO of bKash were present on the occasion.
Mohammad Ali, additional managing director and chief operating officer of Pubali Bank and Major General Sheikh Md Monirul Islam (Retd), chief external and corporate affairs officer of bKash along with senior officials of both the organisations were also present at the event.
To add money from Pubali Bank’s account to bKash account, customer needs to log in to Pubali Bank’s ‘PI Banking’ app or internet banking.
Users can also get the download link of Pubali Bank’s app from bKash app’s Add Money icon. After logging in, customers need to add bKash account as beneficiary. Once added, they can add money to their bKash account anytime.
Very soon, Add Money and Transfer Money services will be available through linked account as well.
Then, customers will be able to deposit money, pay DPS and loan installments through bKash app’s 'Transfer Money' service without going to the bank.
The transaction limit set by Bangladesh Bank will be applicable for both Add Money and Transfer Money services, the officials said.