[ad_1]
This was stated by the Minister of Posts and Telecommunications, Mustafa Jabbar, when opening a workshop entitled ‘Current state of digital financial services and technological innovations’ organized by TRNB, an association of telecommunications journalists, at the Hotel La Vinci on Thursday.
Joining the event through virtual means, he said: “Daily cash transactions have doubled in the last year. Cash has created competition in this sector. “
Stating that the main objective of cash is to provide this service to the country’s marginalized people, the minister said: “The main objective of government institutions is not profit. Building a grassroots network in a short time was a huge challenge for cash. There are plans to use post offices to increase the reach of cash services. “
When asked if there are plans to bring cash banking services, Minister Mustafa Jabbar said: “Initially, it started with only transactions, but in the future, we are trying to start banking sector services like savings, DPS services, etc.”
He also said that in the future he plans to initiate remittances from abroad, bring money to the outsourcing sector and other services.
In early January this year, the mobile financial services provider crossed the milestone of a daily transaction of Rs 100 crore.
“Cash will force other operators to compete in the market, and if you want to survive, you have to compete,” the minister said.
Tanvir A Mishuk, Managing Director of Cash at the workshop, said: “In just a year and a half of its establishment, at this pace of innovative efforts, cash has reached the milestone of Rs 200 crore in transactions. It is a great pleasure for us ”.
“Sajeeb Wazed Joy, the prime minister’s adviser on information and communications technology, said that we should reach the 200 crore milestone by January 2021, which we have already done,” he said.
At present, the number of cash clients has exceeded 30 million and the number of clients in urban and remote areas is increasing, Mishuk said.
He said: “The use of digital KYC among MFS has started for the first time in the country. It only takes 10 seconds to open an account with KYC digital. Before, it used to take 72 hours to open a development account. “
Executive Director of the workshop. Safayet Alam described Nag’s future plans and activities.
TRNB Chairman Mujib Masood, Mazharul General Secretary Anwar Khan Shipu and other senior cashier officials were present at the time.
Meanwhile, Tanvir A Mishuk, Managing Director of Cash, said in a feature on the occasion of reaching Rs 200 crore daily turnover, that the rapid advance of cash is the result of cutting-edge technological innovation and introduction of friendly services. for the customer.
“We are working towards the goal of ‘all will be cash’ so that all conventional services are available in cash. And that is why every day we work with the hope of achieving the impossible.”
Mishuk said that opening an account by dialing * 16 # from a mobile phone is not possible anywhere else in the world, but “cash” has made it possible.
“At this pace of innovation, cash has reached the 200 million rupee milestone in just a year and a half of its inception. It is a great pleasure for us.”
“Cash has played an important role in the socio-economic development of the country, including the digital financial services sector, since its inception,” said a press release. In less than two years since its launch, 12,000 merchant cash networks have been added, with transactions on around 300 e-commerce platforms. As a result, ‘cash’ is now the best option for digital shopping transactions.
[ad_2]
