Mercantile Bank Mobile Banking

Mercantile Bank Mobile Banking

Like in many other countries, people in Bangladesh started believing in mobile banking. With the approval of Bangladesh Bank, MBL is going very speedy to introduce mobile banking throughout the country. In Mobile Banking system, basic mobile handsets are being used as bank accounts and will serve as a wallet for the transaction of money, especially for the un-banked people. As 99 percent of the people of Bangladesh are under the mobile phone network, almost all will have access to the formal fi nancial channel. If the banks can reach out to the unbanked people, the dream of more people having bank accounts can be fulfi lled. For successful launching of the mobile fi nancial services, MBL has renovated its Card Division and renamed it as “Card and Mobile Banking Division”. A Mobile Banking Team is working under the “Card and Mobile Banking Division” to successful initiation of Mobile Banking Service.