BRAC Bank-led OMNIBUS gets CashLink in its shared ATM network
Wednesday, 24 March 2010
FE Report
CashLink Bangladesh Limited has recently joined OMNIBUS, a platform of shared ATM (Automated Teller Machine) and POS (Point of Sales) networks led by BRAC Bank Limited. From now on, customers of CashLink member banks can use shared network of over 400 ATMs of OMNIBUS across Bangladesh.
OMNIBUS is a facility that combines the ATM and POS networks of member institutions through a combined network of over 400 ATMs, 1,200 POS terminals and overall ATM card base of 1 Million. CashLink provides ATM, Debit/Credit/Pre-Paid Cards, POS, M-Banking, and Remittance outsourcing services to seven member banks.
Mr. Tarique Amin Bhuiyan CIO of BRAC Bank and Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh signed an agreement on behalf of their respective organizations, in presence of Mr. A. E. A. Muhaimen, Managing Director & CEO; Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and other senior officials of both the organizations.
Speaking at the signing ceremony, Managing Director & CEO of BRAC Bank Mr. A. E. A. Muhaimen said, "BRAC Bank initiated OMNIBUS with a vision to create 24x7 seamless ATM and POS banking at a common platform. We are happy to see so many banks and organizations joining in the platform, which in turn makes banking so much more accessible to customers."
In expression of the program, Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh said, "CashLink joins OMNIBUS to provide round-the-clock better banking services through a greater ATM & POS network for the customers of our member banks. It is one of the initiatives that we are taking to provide wider and innovative banking services for our member banks."
With the latest CashLink addition, a total of 7 institutions are in OMNIBUS: BRAC Bank Limited, ITCL (Q-Cash ATMs), ONE Bank Limited, United Commercial Bank Limited (UCBL), Eastern Bank Limited (EBL), Rupali Bank Limited and CashLink (a membership of 7 banks: AB Bank Limited, Agrani Bank Limited, Dhaka Bank Limited, Islami Bank Bangladesh Limited, Social Islami Bank Limited, Southeast Bank Limited, Bank Asia Limited). Through this common platform, customers of any of the 27 member banks now can use any of their 400 ATMs and over 1,200 POS terminals to do basic banking transaction 24X7.
CashLink Bangladesh Limited has recently joined OMNIBUS, a platform of shared ATM (Automated Teller Machine) and POS (Point of Sales) networks led by BRAC Bank Limited. From now on, customers of CashLink member banks can use shared network of over 400 ATMs of OMNIBUS across Bangladesh.
OMNIBUS is a facility that combines the ATM and POS networks of member institutions through a combined network of over 400 ATMs, 1,200 POS terminals and overall ATM card base of 1 Million. CashLink provides ATM, Debit/Credit/Pre-Paid Cards, POS, M-Banking, and Remittance outsourcing services to seven member banks.
Mr. Tarique Amin Bhuiyan CIO of BRAC Bank and Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh signed an agreement on behalf of their respective organizations, in presence of Mr. A. E. A. Muhaimen, Managing Director & CEO; Mr. Syed Mahbubur Rahman, Deputy Managing Director of BRAC Bank and other senior officials of both the organizations.
Speaking at the signing ceremony, Managing Director & CEO of BRAC Bank Mr. A. E. A. Muhaimen said, "BRAC Bank initiated OMNIBUS with a vision to create 24x7 seamless ATM and POS banking at a common platform. We are happy to see so many banks and organizations joining in the platform, which in turn makes banking so much more accessible to customers."
In expression of the program, Mr. Nawed Iqbal, Deputy Managing Director of CashLink Bangladesh said, "CashLink joins OMNIBUS to provide round-the-clock better banking services through a greater ATM & POS network for the customers of our member banks. It is one of the initiatives that we are taking to provide wider and innovative banking services for our member banks."
With the latest CashLink addition, a total of 7 institutions are in OMNIBUS: BRAC Bank Limited, ITCL (Q-Cash ATMs), ONE Bank Limited, United Commercial Bank Limited (UCBL), Eastern Bank Limited (EBL), Rupali Bank Limited and CashLink (a membership of 7 banks: AB Bank Limited, Agrani Bank Limited, Dhaka Bank Limited, Islami Bank Bangladesh Limited, Social Islami Bank Limited, Southeast Bank Limited, Bank Asia Limited). Through this common platform, customers of any of the 27 member banks now can use any of their 400 ATMs and over 1,200 POS terminals to do basic banking transaction 24X7.