(Priyo.com) iPay Systems Limited and a2i –Access to Information signed a preliminary agreement. The agreement was signed at Sher-E- Bangla Nagar, Agargaon, Dhaka at the ICT division on November 19, 2018.Through this agreement, paying utility bills will be convenient and easier for residents all over Bangladesh. As a result of this agreement, iPay members can use their accounts to easily pay utility bills cashless with no worries.a2i has developed a payment switch ‘ekPay’ which has already been connected with all the government utility billing systems.
The company representatives during the signing ceremony included iPay Systems Limited Advisor Mohammed Nurul Amin, Head of Business & Strategy Muhammad Abul Khair Chowdhury, Head of Stakeholder Management Noman Reza, Head of Merchants Raihan Faiz Osmani and ICT Division representative Zuyena Aziz and a2i Project Director for the ICT division Mostafizur Rahman were also present.
a2i Project Director Mostafizur Rahman said, ‘Because of this agreement, the bill issuers will be able to regulate their bills digitally. He also expressed with optimism that the plan could be launched very soon by end of December. ‘The system will save time and finances of the citizens, said the chief guest and the ICT department secretary Zuyena Aziz. Head of Business and Strategy Muhammad Abul Khair Chowdhury of iPay shared ‘ iPay is extremely proud to be associated with the vision and process of digitalization by the government in order to simplify life’
Utility bills amount upto 60 billion taka per month in Bangladesh, of which less than 10% of the subscribers pay online. But the government is targeting to raise the number to upwards of 50 percent within the next five years.Both companies are proud to engage with this great initiative because it will create a new wave for the formation of Digital Bangladesh while reducing cash transactions.
iPay systems limited is the first digital service wallet provider in Bangladesh with license provided by Bangladesh Bank as Payment Service Provider (PSP). Members can easily download the App from Apple Store or Google Play Store to sign-up and then get verified to start transaction.Moreover, members can pay their bill, send money to their bank accounts or add money to their iPay wallet from their bank accounts, send money request to their friends and family and also top-up mobile bill.
Priyo Business / Ashraf