Community Bank, Zaytoon Fintech to promote financial inclusion

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

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 marginalized communities, says a press release.

As outlined in the official agreement, Zaytoon Fintech Limited will operate as a Payment System Operator - White Label Merchant Acquirer (PSO-WLMA), providing Bangla QR-based payment and acquiring services through Community Bank Bangladesh PLC's extensive nationwide distribution network.

The agreement was formally signed at the head office of Community Bank Bangladesh by Kimiwa Saddat, Managing Director (Current Charge) of Community Bank Bangladesh, and Md. Arfan Ali, Chairman of Zaytoon Fintech Limited, on behalf of their respective organisations.

The signing ceremony was attended by senior executives from both institutions. Representing Community Bank Bangladesh PLC, attendees included Shamsul Haque Sufyani, Chief Operating Officer; SK Perves Maraker, Head of Agent Banking, Foreign Remittance, Transaction Banking & Strategic Business Unit; Dr. Md. Ariful Islam, Head of Corporate Banking and Head of Business (Branch); Md. Tanjim Morshed Bhuiyan, CITO, Head of DFS & Deputy Head of RMD; and Sarfuddin Md. Redwan Patwary, Head of Operations among other senior officials.