New mobile financial and payment service Trust Axiata Pay, "tap," was launched Wednesday.

Chief of Army Staff General SM Shafiuddin Ahmed, who is also the chairman of Trust Axiata Digital – the company that owns tap, announced the commercial operation of the country's newest mobile financial and payment service at the Trust Bank head office in Dhaka.

"In this technological era, mobile financial services or MFS is a very fitting and useful technological tool. So, Trust Bank – a company of the Army Welfare Trust – has partnered with Axiata Digital Services to launch the Trust Axiata Pay or tap," General Shafiuddin said.

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Humaira Azam, managing director and chief executive officer of Trust Bank, said: "Trust Bank aims to provide the best banking services to the people. That is why we have teamed up with Axiata Group. I believe digital transaction services can reach new heights through this partnership." 

Trust Axiata Digital was founded in May last year as a mobile financial services company. 

The company is a joint venture between Bangladesh's Trust Bank and Malaysia's Axiata Digital Services. 

Read: Fintech MFS: Best Mobile Financial Services in Bangladesh

Formed under the Bangladesh Mobile Financial Services Regulations, 2018, Trust Axiata Digital will operate as an MFS and payment service provider (PSP). 

Tap will cater to all customers; corporate and government payments like merchant shopping, bill payment, fund transfer, cash-out from agent, add money from bank, insurance bill, passport fees, utility bill, NID fee, tuition fees, mobile recharge and e-commerce.