Q- Cash, Brac Bank sign deal on ATM sharing
BRAC Bank Limited and IT Consultants Limited (ITCL) Q-Cash have signed a memorandum of understanding to establish Omnibus, an association of member institutions which will provide shared ATM and POS network facilities to banks through a neutral switch.The deal was inked by Imran Rahman, managing director & CEO of Brac Bank Limited, and Dr Kazi Saifuddin Munir, managing director & CEO of ITCL, on behalf of their organisations in Dhaka recently, says a press release. Omnibus aims to leverage the strengths of all ATM/POS networks in the country to form a truly nationwide e-payment gateway. Operating as a not-for-profit association of members, Omnibus will be managed on the basis of mutual consensus of all member institutions. Speaking at the signing ceremony, Imran Rahman said Omnibus will appeal to individual bank customers who wish to enjoy the full benefits of electronic banking channels in Bangladesh.
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Imran Rahman, managing director & CEO of Brac Bank Limited, and Dr Kazi Saifuddin Munir, managing director & CEO of IT Consultants Limited, sign an MoU to establish Omnibus, an association of member institutions which will provide shared ATM and POS network facilities to banks through a neutral switch in Dhaka recently. Senior officials of the two sides were also present. Photo: Brac Bank |
