Commercial Launch of iPay Systems Limited

iPay Systems Limited commercially launched iPay through a ceremonial celebration at Radisson Blu Water Garden, Dhaka. Founder and CEO of iPay Systems Limited, Mr. Zakaria Swapan, gave the welcome speech at the event. Chairman & Board of Director of iPay Systems Ltd., Mr. Shahidul Ahsan, along with iPay’s management team and employees and Bangladesh Bank officials were present during the ceremony. The event was graced by the esteemed presence of the Chief Guest, Mr. Abul Maal Abdul Muhith, Minister of Finance, Government of the People’s Republic of Bangladesh. The Special Guests of the evening were Mr. Mustafa Jabbar, Minister of Posts, Telecommunications & Information Technology, Government of the People’s Republic of Bangladesh, Mr. Iqbal Sobhan Chowdhury, Advisor to Prime Minister, Government of the People’s Republic of Bangladesh, Mr. Zunaid Ahmed Palak, Minister of State and ICT, Government of the People’s Republic of Bangladesh. All distinguished guests spoke on the occasion and welcomed iPay’s mission to drive a cashless society in Bangladesh.  iPay is a secure and complete payment ecosystem, licensed by Bangladesh Bank as a payment service provider (PSP). iPay is designed to bring the cashless transformation for Digital Bangladesh. The transactions in iPay can be performed from mobile phones or computers. All you need is internet connection. It is the first online payment platform in Bangladesh which provides a real cashless Fin-Tech experience that enables you to make payments for your purchases, utilities and more. One can also exchange money with other iPay members. iPay is connected with all 57 commercial banks of Bangladesh, so any bank account can be added to the wallet to add or withdraw money. iPay is here to build a cashless secure payment ecosystem in Bangladesh for individuals and businesses. It is committed to develop a payment platform in Bangladesh to exchange money with state of the art technology. With iPay Bangladesh, the nation will move forward in three resourceful ways:
  1. It will make monetary transactions transparent, as all transactions are recorded that are visible to both entities to validate.
  2. It will reduce criminal activities like money laundering, funding extremists, theft and robbery. This is because iPay does not allow physical cash transactions and all accounts are verified. The transactions take place by adding or withdrawing money through a user’s bank account or credit/debit card.
  3. It will improve the quality of life as a whole, with a convenient payment system
Any Bangladeshi resident can download the App from both Apple and Google Play Store (iPay Bangladesh) to sign up for a new account and users can also sign up from the official website.