City Bank, bKash sign deal to enable interconnectivity

City Bank, bKash sign deal to enable interconnectivity

City Bank and bKash Limited, the largest mobile financial service provider in the country, today, announced a strategic partnership, enabling their customers to enjoy a bundle of services, including instant fund transfer between bank account to bKash account, credit card bill payment and cash withdrawal from ATM by bKash customers. 

Under this agreement, City Bank customers will be able to transfer fund instantly from their City Bank account to bKash wallet using Bank's digital banking platform called Citytouch via mobile app and web. Similar facility of instant fund transfer from bKash account to City Bank account will also be available. Moreover, City Bank credit cardmembers will be able to pay their credit card bills from their bKash wallet while bKash customers will be able to withdraw cash from any of the 350 City Bank ATMs across the country. 

In this connection, Sohail R. K. Hussain, Managing Director & CEO of City Bank and Kamal Quadir, Chief Executive Officer of bKash signed the agreement on behalf of their respective organizations at the head office of City Bank. 

Sohail Hussain, Managing Director & CEO of City Bank said, "This strategic partnership will begin a new era in country's payment system. We have always been very proud of our digital banking platform Citytouch and this integration with the top mobile financial company like bKash will give some unique benefits to our customers." 

Commenting on the partnership, Kamal Quadir, Chief Executive Officer of bKash said, "bKash, City Bank partnership creates tremendous opportunities for City Bank customers to avail all bKash services including reaching out 30 million bKash customers. It also opens opportunities for City Bank to design products and services for common people which can be delivered through bKash." 

The agreement signing ceremony was also attended by Mashrur Arefin, Additional MD, Kazi Azizur Rahman, DMD & Chief Information Officer, Arup Haider, Head of Retail Banking, Mustafizur Rahman, Head of Alternate Delivery Channel of City Bank and Mizanur Rashid, Chief Commercial Officer, Mohammad Azmal Huda, Chief Technology Officer, Mir Nawbut Ali, Chief Marketing Officer and Major General Sheikh Md. Monirul Islam (retd), Chief External and Corporate Affairs Officer of bKash and other senior officials from both organizations.