Luup and ITCL Launch Q-Cash Mobile in Bangladesh

ITCL has partnered with mobile payments solutions provider Luup to mobile-enable all services and establish a mobile payments hub in Bangladesh. Luup has been building a leading gateway for mobile payments in the Middle East and Asia-Pacific steadily adding important markets, including India as of last month.

Q-Cash Mobile will give immediate convenience to banked customers and introduce financial services for the large unbanked population, all via their readily available mobile devices. Q-Cash Mobile services are to include complete mobile banking facilities, bill payments, airtime top-up, ticketing, domestic person-to-person (P2P) transfers and even integration to international remittance services for seamless usability. The service is to be extended in the future to include government disbursements, merchant payments, corporate payroll and cashless delivery.

“Adding a mobile layer across all our partnerships and services with Luup’s leading mobile payments platform really creates something unique that puts Bangladesh at the forefront of mobile services,” said Dr Kazi Saifuddin Munir, managing director and chief executive officer (CEO) of ITCL. “Not only that, the new service via Luup also promotes financial inclusion for all the unbanked in Bangladesh in addition to empowering women in rural areas. They will be able to easily manage their money as we will mobile-enable the postal cash cards they use instead of accounts.”


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