ACCESSTEL ENTERS MOBILE BANKING

Access Telecom (BD) Ltd. (AccessTEL) the pioneer of Wireless Broadband Access (WBA) network and Broadband services in Bangladesh, through its SBU, APX Network (Pvt) Ltd., enters into an agreement with QSPAN Technologies Limited to once again be the first in Bangladesh to extend “Bank Branded” Mobile Banking Services, complete with an Internet Banking interface designed specifically for the commercial banks in Bangladesh.

The QSPAN solution will allow the banks to exponentially increase their retail customer base and increase their stake in the inward foreign and domestic remittance businesses. The Qspan solution also offers the lowest cost solution for banking transactions providing the banking industry with a significant advantage over its competition. Although the technology will use both the Internet and mobile networks (SMS) to transport data to complete the transactions, the technology is completely mobile operator independent, enabling the banks to offer the service over all mobile networks.

Through Bank Authorized Agents located across the country, customers will be able to signup and create new bank accounts instantly, deposit money into their accounts via Bank Branded top up cards, send money to others from their mobile phone securely and withdraw money from their accounts from the authorized Bank Agent locations, ATM Machines and Bank Branches. This will allow the Banks to provide services in areas where it was previously cost prohibitive and finally be able to offer a comprehensive banking service to the millions of under-banked and unbanked consumers.

About Qspan:

Qspan is a technology provider specifically for the banking industry enabling banks to offer their own “bank branded” mobile banking services to their clients. Using best-of-breed technology, the mobile banking service uses the most secure solution available today for both the bank and the end-user. Services include; transfers between accounts, peer-to-peer fund transfers (remittances) both domestically and internationally, bill payments, merchant payments, cellphone airtime loading, balance inquiry and a host of other features designed to provide the ultimate convenience to the consumer at the lowest possible cost.