State-owned Rupali Bank recently shut down its mobile financial service (MFS) SureCash and launched a new MFS platform, RupaliCash, which uses the latest technology.
The bank's Managing Director Kazi Md. Wahidul Islam inaugurated RupaliCash at a grand ceremony at the Rupali Bank head office in the capital's Dilkusha on Thursday, according to a press statement.
Since the launch of the mobile financial service 'SureCash' in 2016, Rupali Bank has been providing various financial services including stipends to primary school students, allowances, subsidies, and utility bill payment across the country.
With RupaliCash, customers can avail of faster, safer and more affordable transactions. Rupali Bank is the only state-owned bank providing mobile financial services.
At the inauguration ceremony, the bank's Mr. Wahidul Islam said, "My goal after taking charge was to be at the top in technology. With the efforts of our IT team, we have taken a step forward in fulfilling this goal."
Customers can use RupaliCash to open e-KYC based accounts, deposit and withdraw cash, transfer funds wallet to wallet, view balance and transaction statements, pay and receive salaries. They can also enjoy easy mobile recharge and bill payment facilities. In addition, RupaliCash will also enable customers to transfer money from Rupali Bank accounts to Rupali Cash for which customers will not have to pay any charges.
Rupali Bank deputy managing directors Parsoma Alam, Hasan Tanvir and Md. Harunur Rashid were present at the ceremony.
Currently, 13 MFS provider operate in the country. BKash, Nagad, and Rocket are the most popular in the market among them. Nagad is still running under an interim licence from the Bangladesh Bank.
Rupali Bank launches new MFS 'RupaliCash'
FE DESK | Published: September 26, 2025 00:44:56
Rupali Bank launches new MFS 'RupaliCash'
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