UCB signs deal with DMTCL to install CRM, ATM in metro rail stations

United Commercial Bank PLC (UCB) signed an agreement with Dhaka Mass Transit Company Limited (DMTCL) to install CRM and ATM machines at the metro rail stations of MRT Line-6 to facilitate financial transactions for passengers.

Khondaker Ehteshamul Kabir, joint secretary and company secretary of DMTCL, and Mohammad Shafiqur Rahman, head of retail business division of the bank, signed the agreement at the Metro Rail Building in the capital today, according to a press release.

Under this agreement, cash recycling machines (CRM) and automated teller machines (ATM) will be installed at various Metro Rail stations, making financial transactions more accessible for Metro Rail passengers.

This initiative will allow Metro Rail passengers to conduct essential financial transactions during their daily commutes or after completing their daily activities. It will ensure time-saving and uninterrupted banking services for passengers.

Faruque Ahmed, managing director of DMTCL, and Mohammad Mamdudur Rashid, managing director and CEO of the bank, attended the programme.

Commenting on the partnership agreement, UCB MD Rashid said, "By installing CRM and ATM machines at Metro Rail stations, we aim to make financial services more convenient and accessible for passengers. This initiative will expand our customer service reach."

Both parties are optimistic that this agreement will add a new dimension to financial services in Bangladesh's public transport sector and play a crucial role in promoting digital banking facilities, the press release added.

AKM Khairul Alam, director (administration) secretary of DMTCL; Khondaker Ehteshamul Kabir, joint secretary and company secretary; Abdullah Al Mamoon, deputy managing director of the bank; and Mohammad Shafiqur Rahman, head of retail business division, along with other senior executives from both organisations, were also present.