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Cashlink Bangladesh Limited (CBL) is a joint venture establishment owned by AB Bank Limited, Euronet Worldwide Inc., Networld Bangladesh Limited and United Commercial Bank Limited. CBL is in the process of strategically rolling-out 505 ATMs and 10,000 POS terminals across the country within 2010.
The Technology is provided and maintained by Euronet, a global EFT software and services company established in the early 1990’s in the emerging markets of Central and Eastern Europe through the deployment and operation of own “Euronet” branded ATMs. Based on the history of running ATMs on its own behalf and on behalf of the customers in emerging markets, Euronet closely understands the challenges faced by banks today across different markets. Today, Euronet is a unique company in the EFT business providing a broad range of solutions across the globe.
In terms of operation of CBL, we are poised to serve our Customers through robust, cost-effective and tailor-made solutions to fit the specific needs for meeting their business challenges for day to day banking. Based on the local market perspective of Bangladesh, CBL has strategized pay-per-use price model with access to card issuance, switching, connectivity to gateways (local/VISA/MC), fields services, etc. Each customer can choose the set of services that they might require. Our solution services include:
- Provision of EFT outsourcing services (including ATM, POS and Card services) on behalf of our Customers through our state of the art processing center in Bangladesh.
- Provision of a full range of outsourcing services for around 500 ATMs & 10,000 POS terminals under the “CBL” Brand or under the brands of our bank customers.
In summary, CBL & Euronet has a good knowledge of the Bangladesh environments and requirements, Euronet – being the technical operator of CBL Bangladesh - Euronet understands the challenges in the Bangladesh market.
Given the above deep knowledge and experience in the local market and combined with the international pedigree and worldwide experience, CBL & Euronet is in a unique position to be able to offer any banks with a creative, flexible, cost effective solution to the challenges the Bank is facing in today’s global environment.
It is worth mentioning that, CBL is capable of interfacing with any core banking & host supporting ISO8583 industry standards and has already interfaced with some of the leading core banking vendors worldwide , including Iflex, Finacle, Misys and local including Bexibank, Infinity, PC Bank etc. CBL can also consider a special proprietary interface project if necessary to avoid any restriction from bank side in selecting their preferred core banking software supplier.
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