It aims to promote financial inclusion for the unbanked and underbanked communities in Bangladesh, bKash said in a media release. bKash CEO Kamal Quadir and Douglas Feagin, Ant Financial Senior Vice President of Global Business, signed the deal. bKash termed ‘historic’ the partnership with Alipay that involves Ant Financial investing into bKash and increasing its technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh. BRAC founder Fazle Hasan Abed said they launched bKash to swiftly take the financial services to all, especially the poor. BRAC Bank MD Hussain said bKash will benefit immensely from this landmark partnership with Ant Financial.

Source: bd News24 April 26, 2018 13:30 UTC