tap, MTB bring DPS facility for customers

Trust Axiata Pay (tap), one of the country’s leading mobile financial service providers, has launched a DPS facility for its customers having account with Mutual Trust Bank (MTB).

The initiative easily facilitates General and Shariah-based Islamic savings with mutual initiative of tap and Mutual Trust Bank (MTB), said a press release.

tap and MTB jointly launched the service facility at the bank’s head office in Gulshan, Dhaka on Wednesday.

At the launching ceremony, Dewan Nazmul Hasan, CEO of tap; Shahjalal Uddin, Vice President, Commercial; Mozibor Rahman, Consultant, Technology; Ashikur Rahman Habibi Rabbi, Head of Corporate Affairs and Media Relations, Nazrul Islam Zaman, Head of Product; Tokee Mesbah Uddin, Senior Manager of Product Management; Syed Mahbubur Rahman, MD and CEO of MTB; Chowdhury Akhtar Asif, AMD and CRO; Rais Uddin Ahmad, DMD and CAMLCO; Khalid Mahmood Khan, DMD and CBO; Shafquat Hossain, Head of retail banking; Khalid Hossin, Division Head of Digital Banking; and Md Arif Bin Idrish, Divisional Head, Islamic Banking were present among others.

tap customers neither have to stand in a queue nor visit a bank to make payment for the DPS service. Anyone can easily open and operate an account through the tap app. Through tap, a certain amount of money every month would be deposited automatically into the designated bank account, said the release.

For savings, both general and Islamic DPS can be opened. By accessing the tap app, anyone can easily avail the DPS facility by opening an account and providing information about how much money you will pay per month and certain months.

The user also provides information on which date of the month the money will be deducted from their tap account. The payment information would be notified by the tap apps.

Notably, the amount of Islamic DPS will not be added to the general banking stream however, the amount will be earmarked separately. Wherein, the customers will get their share of the profit.

Speaking on the occasion, Dewan Nazmul Hasan said, “Digital banking service is now one step ahead with tap. We always try to make our customers able to take advantage of various payment options with tap Wallet. Now, marginal people of our country very easily can save digitally at home and manage DPS from tap wallet.

“We are hopeful that, as a result of this joint venture of MTB and tap, customers will be interested in saving.”