Mobile Money Infosheet: mCash

  • Date Posted: April 21, 2014
  • Authors: Ataur Rahman and Kazi Amit Imran
  • Organizations/Projects: FHI 360
  • Document Types: Primer or Brief, Primer or Brief
  • Donor Type: Non-US Government Agency

mCash, which is operated by Islami Bank Bangladesh Limited, offers a range of products and services, including cash transfers between individuals (P2P) and between businesses/organizations and individuals (B2P), fund transfer between bank accounts to/from mobile accounts, student fee payments, salary disbursements and withdrawals, bill payments, merchant payments, airtime purchases, and international remittance payments. Its accounts are set up in accordance with Mudaraba Principles of Islamic Shari’ah. Each account is tied to an individual SIM card number and can only be accessed by the user through their personal PIN. To access their account, users can dial *259# on any Robi, Airtel & Banglalink (and GP by 15th May 2014) SIM card for a USSD menu (currently only available in English).

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