iPay Systems Ltd signs a strategic partnership agreement with AB Bank Limited

AB Bank Limited signed a strategic partnership agreement with iPay Systems Limited on Wednesday, February 20. The agreement was signed by President & Managing Director of AB Bank Limited, Mr. Sajjad Hussain and Founder & CEO of iPay Systems Limited, Mr. Zakaria Swapan.
Under this agreement iPay and AB Bank will work together to offer their customers various value added services. AB Bank customers will be able to use iPay for paying bills for utility, payments for shopping, add or withdraw money from AB Bank to iPay account, mobile top-up and much more. iPay Wallet users will also be able to seamlessly and easily pay utility bills using AB Bank’s Utility Bills Pay Platform.
Representatives of AB Bank Limited that were present during the signing included Ms. Shamshia I. Mutasim, Deputy Managing Director, Mr. Reazul Islam, Head of IT and eBiz.
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 free 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 free of cost anywhere, anytime. 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, users can pay bills online, add money to their iPay wallet free of cost, send or request money to their friends and family and also top-up mobile phones instantly in real time.