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.
tap -- new mobile financial service provider starts operation
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