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IFIC Bank signs Mobile Banking deal with Banglalink
Dhaka, December 19, 2013: IFIC Bank Limited, one of the leading financial institutions of the country signed an agreement with Banglalink Digital Communications Ltd (Banglalink), one of the fastest growing mobile service providers of the country, to provide IFIC mobile banking services to Banglalink customers.

IFIC mobile banking services shall be available on Banglalink network soon. Mr. Shah A Sarwar, Managing Director & CEO of IFIC Bank Limited signed the agreement with Mr. Ziad Shatara, Managing Director and CEO of Banglalink Digital Communications Ltd. at the Corporate Head Office of Banglalink at Gulshan-1.

Mr. Ashim Chowdhury, Head of Business Project Delivery, Mr. Mohammad Monirul Islam, Head Mobile Banking Division, Ms. Tasnuva Tarek, Head of Business and Mr. Ariful Hasan Khan, Head of Operation of Mobile Banking Division of IFIC Bank were present during the event.

From Banglalink, Mr. Shihab Ahmad (Chief Commercial Officer), Mr. Solaiman Alam (Marketing Director), Ms. Irum Iqbal (Head of Marketing Division – Value Added Services, Data, Devices) and Rashed Hasan (M-Commerce Manager) were also present at the signing ceremony.

The agreement will enable banglalink subscribers to access and avail IFIC mobile banking services through their mobile phones from anywhere in Bangladesh.

The IFIC Mobile Banking services will have all features of general mobile banking including Cash in (Deposit), Cash out (withdraw), Fund transfer and remittance facilities. The service will also include a unique option of Bangla menu along with a regular English menu. Banglalink customers will be able to use the menu by dialing USSD short code of *255# after registration. Customers will be able to receive notification SMS after each successful transaction. Customer complaints and queries will be handled by dialing IFIC contact centre number 16255.

IFIC Bank Limited was set up in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions aboard. In 1983, IFIC was converted into a full-fledged commercial bank. With the core value to provide caring services to customers by being innovative in the development of new banking products and services, IFIC Bank is going to launch mobile banking service and plans to expand its customer base through this partnership.

Banglalink is the second largest mobile operator in Bangladesh with more than 28 million subscribers, and has a simple mission to start something new. It has changed the mobile phone status from luxury to a necessity and brought mobile telephone to the general people of Bangladesh. In continuation to this endeavor, Banglalink has established network partnership with IFIC Bank for affordable access of banking services to the unbanked population of this country. Banglalink believes this association will start something new in the mobile banking industry.
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