Dhaka Bank launches AI-driven eRin Device APP

Dhaka Bank PLC has launched an AI-driven digital loan, titled "eRin Device APP", for smartphones and smart devices, aimed at making technology more affordable and accessible for service professionals, micro-entrepreneurs, and underserved communities.

eRin Device Financing is Bangladesh's first AI-driven digital loan for smartphones and smart devices, designed to empower service professionals, micro-entrepreneurs, and underserved and unserved communities.

Customers can own devices with a small down payment and easy monthly installments, completing a fast, paperless, and fully digital process through Dhaka Bank's app or any of its nationwide branches.

AKM Shahnawaj, managing director (current charge) of Dhaka Bank, and Jungmin Jung, head of Samsung Electronics Bangladesh Branch, jointly inaugurated the service at a ceremony held in Dhaka recently, according to a press release.

Shahnawaj stated, "The eRin Device is more than just a loan; it is a gateway to digital empowerment, enabling connectivity, education, and entrepreneurship for the unbanked and underserved."

Jung noted that the collaboration removes barriers to traditional credit, and the service will soon be available at selected Samsung authorised stores.

The event brought together leaders from Bangladesh's financial and telecom sectors.

Md Iqbal Mohasin, director of the Financial Inclusion Department of Bangladesh Bank; Mahmud Hossain, commissioner of the Bangladesh Telecommunication Regulatory Commission; Taimur Rahman, chief corporate and regulatory affairs officer of Banglalink; Mohammad Syfuddin Tipu, executive director of Excel Telecom Pvt Limited; and Sarwar Jahan Morshed, managing director of Infinia Tech Limited, attended the event.

AMM Moyen Uddin, deputy managing director (operations) of Dhaka Bank PLC; Sheikh Abdul Bakir, deputy managing director; Md Mostaque Ahmed, deputy managing director and chief emerging marketing officer; and Akhlaqur Rahman, deputy managing director (corporate banking), were also present.