Mercantile Bank inaugurates `Bangla QR code’ service to enhance cashless banking

Mercantile Bank PLC has launched the Bangla QR Code-based service to make banking facility easier, more advanced and technology-driven.

Customers of Mercantile Bank can purchase and make payments utilising `MBL Rainbow’ app easier than ever through Bangla QR Code service, according to a press statement. 

Md Quamrul Islam Chowdhury, Managing Director of the bank inaugurates the service today (Tuesday) at the bank’s Head Office.

Mati Ul Hasan, AMD, Adil Raihan, Shamim Ahmed, Md Mahmood Alam Chowdhury and Ashim Kumar Saha, Deputy Managing Directors; CFO Tapash Chandra Paul, PhD; Mohammad Iqbal Rezwan, SEVP; Abu Asghar G Haruni, Company Secretary & Head of HR, Mostafizur Rahman, Head of Card Division and Digital Banking & Innovation Division, along with other senior officials of the bank, were also present at the ceremony.

In his address, Md Quamrul Islam Chowdhury stated that the `Bangla QR code’ service would simplify shopping and various payment processes for customers.

He added that customers could make payments at any merchant point displaying the `Bangla QR Code’.

MBPLC customers can enjoy this service by utilising their Savings or Current Account deposits through the `MBL Rainbow’ app, a digital banking service of the bank.

The `Bangla QR Code’ service is free and secure, with customers receiving SMS notifications for each transaction.

Customers can spend up to BDT 20,000 per day and BDT 100,000 per month through this service, the statement adds.