Instant Add Money service from Islami Bank to bKash launched

Islami Bangladesh Bank Ltd (IBBL) and mobile financial service provider bKash signed a partnership agreement to jointly inaugurate the Instant Add Money (IAM) service for customers.

Mohammed Monirul Moula, managing director of IBBL, and Kamal Quadir, chief executive officer of bKash, signed the agreement at a city hotel recently, a press release said.

Using the transfer money of the IBBL's 'CellFin' app, customers can do almost all day-to-day financial transactions from sending money, cashing out, utility bill payment, merchant payment and mobile recharge through bKash wallet without any charge.

"Collaboration with bKash will benefit the customers of both organizations and increase the dynamism in the country's financial sector. In future, we will be continuing to expand our services to more new technologies and platforms," Moula said.

"This joint service of bKash and Islami Bank will further accelerate financial inclusion, and make transactions easier, time and cost saving for all. It will also enable customers to enjoy almost all day-to-day financial transactions," Quadir said.

Customers need to register on the Islami Bank's mobile app 'CellFin' in order to transfer funds. For this they have to log in to the CellFin app and need to click the 'Transfer Fund' option.

In the next step, customers have to select 'bKash' and enter account number, source account and amount. In the last step, users need to enter the CellFin app PIN number and tap the 'Confirm' button to complete the transaction.

They will get a SMS notification upon successful transaction.