BRAC Bank signs a partnership agreement with iPay Systems Limited
June 3, 2019
BRAC Bank has signed a partnership agreement with iPay on Thursday, May 30, 2019 at BRAC Bank Headquarters.The agreement was signed by BRAC Bank Head of Retail Banking, Nazmur Rahim and Founder & CEO of iPay Systems Limited, Mr. Zakaria Swapan.
Under this agreement, more than 1 million BRAC Bank users will be able to link their Bank account with e-wallet iPay and will be able to add & withdraw money in real-time. This collaborative effort and instant process symbolizes a remarkable feat in the financial sector of Bangladesh!
Representatives of BRAC Bank during the signing included Head of Digital Banking & E-Commerce, Mr. Siraj Siddiquey Shakil and Payment & Partnership Business Manager, Mr. Al Kanan Chowdhury.
iPay Systems Limited representatives during the signing included Advisor Mr. Mohammad Nurul Amin, Head of Business & Strategy, Mr. Abul Khair Chowdhury, Head of Communications, Mr. Muhammad Muntasir, Strategic Partnership Manager, Mr. Taslim Mahmood and Technical Lead, Mr. Mohsin Khan.
iPay Systems Limited representatives during the signing included Mr. Nurul Amin, Advisor, Head of Business & Strategy, Mr. Abul Khair Chowdhury, Head of Communications, Mr. Muhammad Muntasir and Head of Strategic Partnerhsip, Mr. Jamil Uddin Bhuiyan
iPay is the first seamless and secure online payment platform in Bangladesh with a Payment Service Provider (PSP) license issued by Bangladesh Bank. iPay caters to both individuals and businesses with two types of user accounts. It facilitates cashless transactions anywhere, anytime as long as users have internet access. Users can easily download the free app from Apple Store or Google Play Store to sign-up and then get verified to start making cashless transactions.
Moreover, iPay is facilitating multiple services which are helping users in various sectors. Users are paying utility bills, internet & credit card bills, paying for ride sharing, mobile recharge, education fees and in-store payments for more than 3,000+ stores through QR Codes in a cashless manner anytime and anywhere.