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Tuesday, March 1, 2011
Business

bKash teams up with Robi

Michael Kuehner, managing director of Robi, exchanges documents with Kamal Quadir, chief executive officer of bKash, a joint venture of BRAC Bank and Money in Motion, LLC, after signing a deal in Dhaka on Thursday. Photo: Robi

bKash, a joint venture of BRAC Bank and Money in Motion, LLC, signed an agreement with Robi Axiata on Thursday to provide access to its financial services to Robi users, and include the mobile operator's service points to extend its distribution.

Michael Kuehner, managing director of Robi, and Kamal Quadir, chief executive officer of bKash, signed the deal in Dhaka, the telecom operator said in a statement yesterday.

bKash will focus on serving low-income people and promoting sustainable micro-savings to achieve broader financial inclusion by providing convenient, affordable and reliable services, the statement added.

Mahtabuddin Ahmed, Robi chief financial officer; Bidyut Kumar Basu, chief marketing officer, and Mohiudin Babar, vice president for communications and media relations, were present on the occasion along with Muhammed (Rumee) Ali, chairman of bKash, and Syed Mahbubur Rahman, managing director of BRAC Bank.

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