New e-wallet service ‘Cashbaba’ being launched in the country

New e-wallet service ‘Cashbaba’ being launched in the country

Bangladesh Bank has approved another Payment Service Provider (PSP) license for digital financial transactions in the country. It has recently been approved as the third PSP license in the country. This e-wallet service called ‘Cashbaba’ is going to be launched soon.

RFTL is the only e-wallet service provider with PCI DSS (Card Industry’s Highest Security Certificate), ISO 9001, ISO 26001 certified and EMVico standard QR code, which ensures maximum security and optimal service delivery.

The promoters of the app said that one of their goals is to build a modern nation through e-payment without cash in the future. ‘Cashbaba’ can be downloaded from Google Play Store and App Store.

It is learned that after the launch of this e-wallet, you will be able to make purchases and transactions from your smart phone without cash or credit / debit card. Customers of any bank and mobile financial service provider (MFS) in the country will also be able to send and withdraw money with ‘CashBaba’. At the same time money can be exchanged from any debit and credit card in this e-wallet. Its official journey may begin very soon.

Akikur Rahman Chowdhury, Chairman and Co-Founder of Recurson Fintech Limited, the company implementing the app, said, “We are grateful to the government and Bangladesh Bank authorities for giving us the opportunity to launch this innovative and up-to-date service. The app has been created in the country and its initiators are all Bangladeshis. Cashbaba is going to be a much more secure and affordable service than other e-wallets. Through this, services like remittance, utility bill payment, mobile recharge, credit card bill payment, ticket purchase, hotel booking, QR code and online shopping will be available. Saving valuable time and saving money to our millions of customers.

“We believe this app will contribute to the development of transparency, financial security and the national economy,” he added. We are committed to working with Bangladesh Bank and our partners to develop an e-payment ecosystem without cash to the nation in the future.

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