Recursion FinTech Limited launched a new e-wallet service— Cashbaba — on Wednesday.
Customers can cash-in from any bank account through Debit Card and Credit Card at zero cost using Cashbaba, according to a press release.
Among its other features this e-wallet allows customers to do mobile recharge, send money at zero cost, provides higher transaction limit at lower fees.
Also, users of Cashbaba can receive payment through interoperable QR Code and NFC.
Akiqur Rahman Choudhury, co-founder and chairman of Recursion FinTech, delivered the welcome speech at the launching ceremony,
Mohammad Arif Hossain, co-founder and managing director, Mohammed Shahed Ullah Shahed, director and CMO along with Recursion's management team and employees were present at the event.
The company received the Payment Service Provider license on the same day and has completed all regulatory requirements as per the guideline of the Bangladesh Bank, the press release noted.