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Mr. M.A. Samad Sheikh
Managing Director
Al-Arafah Islami Bank Limited
This day I feel proud to announce the beginning of a new era in the Banking sector of Bangladesh with the commencement of Nation Wide Payment System EL DORADO. As a founder partner of the system which for the first time in history of Bangladesh will process payments originating both inland as well as from Overseas Money Transfer Organizations in quickest time possible using state of art technology. This is a mile stone in Country’s walk towards a tech savvy Digital Nation.
With Banks and other financial organizations coming under a common umbrella the unified private channel will provide with real time processing means and make available funds to the beneficiaries in any part of the country. Eyeing remittance via legal channels the system ensures electronic reconciliation and provides means of payment tracking at any point of time making it safe and reliable as well as time and cost effective.
I would like to thank the team of partner banks who put there time and skill in enacting a system which would not only comply with the Anti Money Laundering laws but also encourage the remitters to put their faith on legal channels help build the economy of the country by increasing the foreign reserves of the country as well as revenues for Banks and other Financial Institutes.
Governor's Message
DFID Acting Country Representative Message
Al-Arafah Islami Bank Limited
Bank Asia Limited
BRAC Bank Limited
Dhaka Bank Limited
EXIM Bank Limited
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