Mercantile Bank, iPay sign deal

Mercantile Bank Limited has recently signed an agreement with iPay Systems Limited.
The agreement was signed by Kazi Masihur Rahman, Managing Director and CEO of the bank, and ATM Zakaria Swapan, founder & CEO of iPay, on behalf of their respective organisations at bank's head office in Dhaka, according to a statement.
Mati Ul Hasan, Additional Managing Director, G.W.M. Mortaza, Md. Zakir Hossain and Adil Raihan, Deputy Managing Directors, Md. Rafiqul Hoque Bhuiyan, SEVP & Head of Mobile Banking Division of the bank, and senior executives of the companies were present in the ceremony.
Under this agreement, iPay customers will be able to make payment for different utility services through MYCash channel - Mobile Banking Service of Mercantile Bank Limited without any charge. The ipay is the first online payment platform with an E-wallet in Bangladesh which provides real cashless experience, operating under the license from Bangladesh Bank as payment service provider.