File photo of Posts, Telecommunications and Information Technology Minister Mustafa Jabbar Mahmud Hossain OpuThe Digital KYC Registration has been introduced to ensure a hassle-free process for the customersPosts, Telecommunications and Information Technology Minister Mustafa Jabbar has said Bangladesh has conquered a position in mobile financial service (MFS), amazing the rest of the world. “Using the (MFS) platform, on an average of Tk1,024 crore is being transacted without any paper and it is the outcome of ‘Digital Bangladesh’ foresighted campaign by the Prime Minister Sheikh Hasina,” he said. The minister passed the remarks while introducing the country’s first ever digital KYC (Know your customer) Registration process of the digital financial service provider Nagad of Bangladesh Post Office in a city hotel on Saturday. Jabbar said open market economy needs dynamism for competition and Nagad of Bangladesh Post Office would expedite this dynamism to the mobile financial market. And in the essence of freedom we are providing these ground-breaking services.”The Digital KYC Registration has been introduced to ensure a hassle-free process for the customers.

Source: Dhaka Tribune February 24, 2019 15:56 UTC