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. Read: Mobile financial service providers must inform customers about service charges: BB 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.

Humaira Azam is set to become the first female managing director of a private bank in Bangladesh when she assumes the role of Trust Bank Limited. She is currently serving as the Additional Managing Director (AMD) at the bank. Banking industry sources said the Trust Bank board of directors in a meeting on Monday selected Humaira for the post of MD and forwarded a proposal to the central bank in this regard. Read Nine public sector banks hold 27 percent assets, deposits in banking sector The appointment will be made after getting approval from the Bangladesh Bank. Humaira served as the first female MD in the IPDC Finance, a private financial institution.  The Dhaka University International Relations graduate started her banking career in 1990 as a trainee officer at ANZ Grindlays Bank.  In her long career, she served different foreign and local banks and financial institutions in various capacities. Read Banks can declare the highest 30% dividend. Humaira joined HSBC Bangladesh in 1996 and switched to Standard Chartered Bank in 2002. In April 2009, she took over as the MD of the financial institution IPDC where she turned the organization into a profitable one. She joined Bank Asia in January 2012 as the Chief Risk Management Officer. In March 2016, she took over as the Chief Risk Management Officer and Additional MD at the Trust Bank. Earlier, Prabasikalyan Bank got the first woman MD in the state-owned banking sector.  Read Legendary Women in Bangladesh with Pioneering Contribution in Diverse Fields.