IFIC has become the 20th bank to launch mobile banking services in the country.
Of the 28 banks that have taken permissions for mobile banking, 20 have begun operations, Bangladesh Bank Governor Atiur Rahman said at the launching ceremony at the Westin Dhaka yesterday.
The banks are now serving a clientele of nearly 1.5 crore.
Mobile banking transactions worth around Tk 250 crore take place a day, and the Bangladeshi model is also getting global attention for its success, he said.
Mobile banking services have proven more suitable and effective in taking banking services to the working class as compared to conventional banking systems, Rahman said.

Bangladesh already ranks second for financial inclusion in South Asia, right after Sri Lanka, he said.
Mobile banking has facilitated easy flow of money from the cities towards rural areas, helping economic activities to flourish and supporting development, Rahman said.