Press Release: ‘mCash’, mobile banking service of Islami Bank Bangladesh Limited has transferred Tk.285.48 crore to garment workers as part of the government-announced incentives from 19 April 2020 to 25 August 2020. Hundreds of garment factories have opted for digital payment system ‘mCash’ to pay their workers. The money can be withdrawn from 357 branches, 98 sub-branches, 1259 agent banking outlets and 660 ATM / CRM machines of Islami Bank across the country as well as from agent points of mCash and Grameenphone-MobiCash.
The charge of withdrawing the salary money from IBBL ATM has been completely waived to acquaint the clients with the modern digital payment system. As a result, garment workers are able to safely withdraw money from IBBL ATMs at any time including holidays at free of cost by maintaining social distance. ‘mCash’ has been providing various types of mobile financial services since 2012 as an approved payment gateway of Bangladesh Bank.