New payment, lifestyle app ‘Dmoney’ launched

Dmoney, the newest digital payment app, has announced its commercial operation in Bangladesh which is designed for the people who are looking for a service-driven platform.

Chairman of Dmoney and Director, Square Group Anjan Chowdhury, General Manager, Payment Systems Department, Bangladesh Bank Md Mezbaul Haque, Vice Chairman and CEO, Dmoney Sonia Bashir Kabir and co-founder and Managing Director of Dmoney Aref R Bashir were present at the launching ceremony held at a city hotel on Monday.

Dmoney obtained Payment Service Provider (PSP) license from the Bangladesh Bank earlier in January this year.

Dmoney promises to cater not only to the digital payment requirements of the users but also seamlessly integrates users with the latest lifestyle and financial services.

Users can easily open a Dmoney account from their smartphones and connect Dmoney app with their bank accounts. Users can also bring money to Dmoney account from any debit card or credit card.

Apart from sending and receiving money, Dmoney has a range of lifestyle services available with in App, such as top-up, bill payment, ticketing, foods, insurance, health and many more on-demand and basic day-to-day services of anyone’s daily necessity.  

Dmoney users will be able to pay at different touch points through QR code and online gateway. 

Currently, Dmoney is accepted at 2500+ offline and online stores. Dmoney retail QR code is EMVCo compatible and fully interoperable and connected with two major payment networks- VISA & Union Pay. 

Besides, customers of multiple leading banks of Bangladesh, including One Bank, Trust Bank and Al Arafah Islami Bank will be part of Dmoney’s QR alliance.

Dmoney has plans to grow its QR payment touch points to 100,000 by year 2020.

Anjan Chowdhury said they have seen rapid economic growth and digitisation of the country and this development inspires them to do more for people, especially the underserved.

“We’ve come up with a technology platform that will further accelerate the advancement of people. This is an extremely proud moment for us Bangladeshis,” he said.

Sonia Bashir Kabir, a tech icon herself, expressed her excitement terming Dmoney as the most advanced app ever launched in Bangladesh by a Bangladeshi entity.

“We look at technology as a problem-solver. The real problem to solve is the challenge of building an ecosystem around homes, small and medium businesses and offer them all the products and services they need to operate effectively with productivity and succeed in their endeavors,” she said.

Sonia said they are happy to introduce Dmoney which will ease digital adaptation and will positively impact people’s lives. “We thank our regulator, Bangladesh Bank for keeping their trust on us. I’m confident Dmoney will be able to honor their trust.”

Dmoney is available for download in both app store and Google play store and supports devices running on Android 4.0 and above plus IOS 6 and above OS versions.