Chief Executive Officer of bKash, Kamal Kadir, sees the investment of Ante Financial as a subsidiary of Chinese multinational group Alibaba.
In a response to bdnews24.com, celebrating the signing of the agreement with the mobile and online transaction platform Aliph, the founder of bKash said.
Before the celebration of Radisson Hotel in Dhaka on Thursday night, the agreement was signed to become the strategic partner of the development of Mobile Banking in Bangladesh, the world's most influential financial company, Financial Technologies, of Ant Financial, which operates in Alip.
BRAC Bank, the parent organization of the development, said that this process can be the owner of 20 percent of the 20 percent share of development in Alipay.
No matter how much the deal has been done, a company official is not willing to open the mouth right now, not willing to open the mouth. However, a reliable source involved in the 'complex' negotiations of the agreement told bdnews24.com that the largest mobile banking company in Bangladesh has been evaluated for the transaction of 640 million US dollars.
Kamal Qadir told bdnews24.com, "Both sides have benefitted from this agreement, along with Bangladesh."
Within a few months of achieving the qualification of Bangladesh in the development of Bangladesh in developing countries, the world's "online marketing giant" Alibaba entered Bangladesh in the hands of bKash.
Telecommunication and Information Technology Minister Mustafa Jabbar said, "The country which was called the bottomless country was not there anymore. Bangladesh is standing in a place like holding an organization like Alipay. "
Regarding the deal with Ante Financial, Kamal said, "Such investment has a really big impact. It is the manifestation of growing confidence in Bangladesh's economy. "
He said, the rapid advancement of Bangladesh's economy of 16 million people was in the form of Ant Financially.
"This investment will open many possibilities for development. Besides, big companies of the world will be confident of coming to Bangladesh. "
"Happy" Ante Financial Executive Executive Chairman Eric Jing told bdnews24.com that they would work to bring the people of Bangladesh under financial services by expanding the information technology services.
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Antefinancial has 80 million subscribers worldwide. This service has been expanded by various organizations, including technical support, in 40 countries.
After the start of the journey in 2011, the people of Bangladesh, who are no longer getting institutional financial services, are now known as a bKash. Mobile banking and development terms have become synonymous to two common people.
On the occasion of celebrating the attachment of the two organizations, the bKash partners were present with the government minister, high level officials and business leaders.
Information Technology Minister Mustafa Jabbar was the chief guest while State Minister for Information Technology Junaid Ahmed Palak was the special guest.
When Bill & Melinda Gates Foundation came to invest in development, it was also impressed that Mustafa Jabbar said, "It seemed as if a foundation might look good on Bangladesh. But today when Alip is coming to invest in Bangladesh, it does not look good, but today it is organized because Bangladesh has achieved that capability. "
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In praising Vikas, he said, "If we say financial transactions, then its name is bKash. 'Give me some money to develop'. Development in everyday life has occupied a place that is difficult for others to occupy. "
Pointing out that the journey of development was possible through the declared Digital Bangladesh of Prime Minister Sheikh Hasina in 2008, the minister said, "From 2008 to 2018 Bangladesh is changing every day. Bangladesh is changing its position every day.
"We could not think of where Bangladesh will go in 2008, that Bangladesh is now in the first row in every index."
The state's development partnership with the company's forward-looking company in the field of information technology sector will open up the possibility of more opportunities in Bangladesh, state minister Palak said.
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Referring to the work of Pay-Item in India with the help of Alip, she said, "Looking at the neighboring India, how they are computing Uber with Ola, compiling paepal with Pay-ATM."
BRAC founder Fazle Hasan Abed said, "We have started the development to provide quick economic services to all, including poor people. We have been able to go a long way with that goal. "
He said that many people in the world have been able to do financial services, but many countries of the world still can not do it.
"I hope all the people of Bangladesh will not only restrict financial services through mobile but also through credit and insurance."
BRAC Bank has 51 percent share of bKash shares. The remaining 49 percent of the shareholders will receive from the shares offered by Money in Motion (MIM), International Finance Corporation and Bill and Millinda Gates Foundation.
At the time of signing the contract, the owner of the preferential shares of Bill and Melinda Gates Foundation Development And part of Mim is 36.5 percent and IFC's 12.5 percent. Among them, Mim initially left its 5.9 percent shares to Alibaba. And IFC releases two percent. The remaining shares available in Alibaba will come from preferential shares.
After the government's approval of the price sensitive information (PSI), the issue of shares will be finalized. It is expected that it may take 15 to 18 months to complete the entire program.
Eric Jing, executive chairman of Ant International, said, "BKash has been able to reach people very close, we want to put it further."
He said they will give more help to financial assistance in case of financial inclusion. In this case, technical support and mobile apps will be easy to make money transactions and ensure transaction security.
"Easy Way to Buy Wallet with QR Code will also focus on transactions."
Kamal Kadir, CEO of bKash, said, "Being involved with Alip, they will exchange the technologies they use all over the world." Now we will go far beyond that place. "
Explaining the reasons for celebrating partnership, she said, "This is not only the partnership of our two organizations, it also recognizes the confidence of Bangladesh. Extremely available for us to get Alip. "
Money Secretary, Muslim Chowdhury also spoke on the occasion. Thanks to Mr. Shamran Abed, chairman of bKash.
Hotel Radisson Ballroom is decorated around the celebration. Cultural showcases, as well as the ceremony, ends in the ceremony.