State-run Rupali Bank has has been successfully disbursing primary students’ stipend to their mothers for consecutively for 3 years utilizing the digital finance platform of SureCash.
Under this project 1 crore 78 lakhs mothers have been registered for mobile banking account till now and are receiving stipend money directly to their account through this digital system.Recently, the Ministry of Primary and Mass Education renewed the agreement with Rupali Bank-SureCash.
This digital payment procedure has helped mothers to enjoy the facility of receiving the money at their account; their children are entitled to, and withdraw cash from a place close to their home instead of visiting stipend disbursement centers leaving their household work.
Having an own account is not only saving their time and energy but is also playing a significant role in empowering the women in our county.
Over the span of last three years, Rupali Bank’s SureCash has handled this project successfully. The proper execution and implementation of the system has been praised by different international organizations and the media as well.
The recognition has come from various organizations, among which the most renowned were International organization CGAP (the consultative group to assist the poor), Japan’s Nikkei Business (the most circulated Economic Magazine of the globe) and Singapore Management University Magazine.
Recently, Primary Education Directorate Badiar Rahman and Rupali Bank Deputy Managing Director Mohammad Jahangir Alam signed the agreement on behalf of their respective organizations.Primary and Mass Education State Minister Zakir Hossen was the chief guest while Secretary Akram-Al-Hossain and Directorate of Primary Education Director General Manzur Kadir were present as special guest on the occasion.
Among others, Joint Secretary Eusuf Ali, Rupali Bank Managing Director Obayed Ullah Al Masud, SureCash Chief Executive Shahadat Khan and Chief Business Officer Abu Taleb were present in the signing ceremony.
Addressing the meeting, State Minister Zakir Hossen said providing primary education scholarship using mobile banking system is one of the largest digitization projects in the world.
“Every year we are disbursing stipend money to over one crore mothers throughout the country. Prime Minister Sheikh Hasina envisioned a journey called ‘Digital Bangladesh’ and this project titled ‘Mayer Hasi’ is a step closer to that dream. As a result, she has emphasized the importance of this project.”
Secretary Akram-Al-Hossain said: “Through this project we have been able to include 67 thousand primary schools in the digitization process. Now, every three months we are collecting information and preparing a database using these systems which will in turn play an important role in the improvement of the primary education sector.”
Rupali Bank Managing Director Obayed Ullah Al Masud shared a few words among which he said: “Rupali Bank is really proud to be a part of Government’s largest digital payment service. There are about 1 crore 50 lac people enjoying Government’s financial benefits and among them 1 crore people are getting their facility through this project. We would like to work with the Government and their other social security projects in the future.”
SureCash Chief Executive Officer Shahadat Khan said the customized software and a web based portal which is currently being used all over the country for this particular project.
“Considering and assessing project requirements, some of our talented young professionals have created this software. Being a part of this is definitely a delightful moment for us.”
Notably, Rupali Bank is the only state bank of Bangladesh which provides such mobile banking facilities. Rupali bank SureCash is a complete mobile banking and payment service which has nearly 2 crore customers.
Among the many facilities provided customers can pay bills, send money, recharge mobile phones and can also pay fees of educational institutions. Besides that, the service enables customers to cash-in and cash-out all over the country through 1 lakh 80 thousand agents.