Community Bank, Zaytoon Fintech sign Bangla QR deal

Community Bank Bangladesh PLC has entered into a strategic partnership agreement with Zaytoon Fintech Limited to deliver integrated digital financial solutions, reinforcing their shared commitment to advancing financial inclusion across Bangladesh.

Kimiwa Saddat, managing director (current charge) of Community Bank Bangladesh PLC, and Md Arfan Ali, chairman of Zaytoon Fintech Limited, signed the agreement at the bank’s head office in Dhaka recently, according to a press release.

Through the rollout of Bangla QR merchant acquiring services, the collaboration aims to broaden access to secure and seamless banking and payment services, particularly in geographically dispersed areas and among underserved and marginalised communities.

Under the agreement, the fintech company will operate as a payment system operator, titled “White Label Merchant Acquirer (PSO-WLMA)”, providing Bangla QR-based payment and acquiring services through Community Bank Bangladesh PLC’s extensive nationwide distribution network.

Shamsul Haque Sufyani, chief operating officer of the bank, and SK Perves Maraker, head of agent banking, foreign remittance, transaction banking and strategic business unit, were also present.