A mobile credit card service named SWOSTI was launched on Wednesday to facilitate disbursement of easy loans to its users. SWOSTI, a sister concern of bdjobs.com, has brought the mobile credit card in cooperation with Dutch Bangla Bank and non-government organisation Dushtha Shasthya Kendra.
Bangladesh Bank governor Atiur Rahman inaugurated the operation of the mobile phone-based credit management system at a city hotel.
SWOSTI users will get the opportunity to collect loan easily using their mobile phone from anywhere in the country. The system will not require any credit card or device. People could collect microcredit loan for their any urgent necessity.
Speaking on the occasion as the chief guest, Atiur Rahman said uses of such kind of technology would reduce the service charges and interest rate in the country’s microcredit system.
‘The cost efficient and automated credit management system would help to acquaint Bangladesh, which has already in leading position spreading microcredit, newly in
globally,’ hoped the BB governor.
PKSF chairman Qazi Kholiquzzaman Ahmad said interest rate in the microcredit system is needed to be reduced to make it more sustainable.
Dutch Bangla Bank deputy managing director Abul Kashem M Shirin, bdjobs.com chairman Ahmad Islam Muksit, DSK chief executive AKM Fahim Mashroor and SWOSTI client Rumana Ahmed spoke on the occasion.
-With New Age input
