Padma Bank launches QR Code for cash withdrawal

Padma Bank Limited has taken another step towards the journey of building Smart Bangladesh imbued with the spirit of Independence Day, by launching cash withdrawal service through the mobile wallet by scanning QR code.

Padma Bank has accelerated digital services by including this new service in the “Padma Wallet” app. It eliminates the hassle of signature verification and the risk of carrying and losing a cheque book. This will save the customer time and money.

Under this secured digital service, customers can quickly withdraw cash from any branch or sub-branch of Padma Bank without using cards or chequebooks, according to a press release.

To avail of the service, the Padma Wallet app must be installed on the customer’s smartphone. Padma Bank account holders can log in with the required information. In the next step, the money can be withdrawn by scanning the QR code displayed in any branch and sub-branch of Padma Bank by touching the QR icon shown in the Padma Wallet app.

With the introduction of this service, Padma Bank has moved towards ensuring digitalisation. Padma Bank’s Managing Director and CEO, Tarek Reaz Khan said “Padma Bank has always been keen on providing technology-based banking services. This time, the facility of cash withdrawal by scanning the QR code attached to the Padma Wallet app assured the customers of faster and safer transactions.”