Bank Asia was launched in 1999 and grew through two significant acquisitions. As a Third generation Bank, Bank Asia now has 66 branches, 6 SME service centers and 5 Islamic windows across Bangladesh serving primarily a corporate banking clientele. In addition to its own 65 ATMs, it has expanded further reach through the use of the Q-Cash, Cash Link and VISA shared ATM networks. Bank Asia is issuing VISA Debit & Credit Cards, MasterCard Credit Cards and Acquiring VISA cards in ATMs.
Bank Asia has only during the first quarter launched its MFS program. What differentiates Bank Asia is that its technology base is a platform called iPay. This is a platform that is accessible via SmartPhones which can use internet based applications for transactions. Thus, it has the major advantage of being independent of mobile operators and does not rely on a dedicated USSD channel. The technology can use existing data services provided by any telco.
Bank Asia's Mobile Banking is divided in Four Modules: