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Thu Jul 29, 2021 12:00 AM A new mobile financial service (MFS) provider, Trust Axiata Pay, launched business operations yesterday aiming to promote cashless transactions. The brand, styled tap, is of Trust Axiata Digital, a subsidiary of Trust Bank founded in May last year to provide MFS. Trust Bank owns a 51 per cent stake in the company while Axiata Digital Services Sdn Bhd, Malaysia the rest. Formed under Bangladesh Mobile Financial Services Regulations, 2018, Trust Axiata Digital would operate as a MFS provider and a payment service provider (PSP) in Bangladesh. This is the third subsidiary of a bank offering MFS. Previously it was Brac Bank and United Commercial Bank which established bKash and upay respectively.

Humaira azamShafiuddin ahmedDewan nazmul hasanUnited commercial bankBrac bankBangladesh mobile financial services regulationsAxiata digital servicesBangladesh bankBank dhakaAxiata groupAxiata digital services sdn bhdAxiata payAxiata digitalTrust axiata payTrust axiata digitalTrust bank