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EXIM Bank launches Apps-based eWallet Banking Service

FE Report | December 07, 2017 00:00:00


Dr. Mohammed Haider Ali Miah, managing director of EXIM Bank formally launched mobile Apps-based banking service and EXIM Shefa at the bank's head office in the city Wednesday.

EXIM Bank has formally launched mobile Apps-based eWallet Banking Service to generate more transactions reducing their customers' time and energy.

While conducting transactions with the EXIM Bank, the Apps users will also be able to transfer funds into the accounts opened with other banks.

Dr. Mohammed Haider Ali Miah, managing director of EXIM Bank, Wednesday formally launched mobile Apps based banking service at the bank's head office in the capital Dhaka.

The managing director also launched EXIM Shefa, a monthly mudaraba savings scheme account service, to ensure medical treatment services for general people in critical time.

Apps Banking is an application that resides on a smart phone, under which clients operate their bank accounts round the clock.

Using the Apps launched by EXIM Bank, the customers will be able to conduct transactions through their accounts opened with EXIM Bank in 24 hours of the day.

"The EXIM Bank has good reputation of its products and services. We have already got huge response to our two new products such as EXIM Shefa and EXIM Wallet," Haider Ali said in his speech.

While conducting transactions, the EXIM Bank's menu based application program will secure transmitted data and almost every handset can support this feature.

Using the Apps, the users will get visual direction to locate ATM booths and branches. As a result, a user having no idea about a new area will be able to locate the nearest ATM booths and bank branches through Google Map and street view service.

The EXIM Bank authority has also ensured strong security in its Apps banking system through firewall, device ID, PIN number and One Time PIN (OTP).

When a transaction will be done, the authorised customer will receive an alert message. If the customers lose their mobiles, they can call to the bank to block this service instantly.

By opening monthly Mudaraba Shefa Saving Scheme Account with EXIM Bank, someone will be able to deposit up to Tk 50,000 in a single account. The tenure of the accounts will be three years, five years and eight years. The returns on deposits will be between 6.0 per cent and 11 per cent in accordance with the type of accounts.

"The depositors will be allowed to withdraw money at any critical time to meet the expenses of medical treatment," said Haider Ali, the managing director of EXIM Bank.

Other top officials of the EXIM Bank were present while launching EXIM Wallet service and EXIM Shefa product.

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