Modefin & Meghna Bank wins the Best Program Vision Award under Most Innovative Digital Wallets Deployment at the IBSi GFIA 2023

By Gloria Mathias

The IBSi Global FinTech Innovation Awards 2023 seeks to identify and honour banks, financial institutions, and technology players’ excellence in driving impact through banking technology implementations and innovations using emerging technologies. The Global FinTech Innovation Awards 2023 saw IBS Intelligence evaluate 250 nominations across 106 banks from 49 countries across 30 categories all over the globe.

“Meghna Bank, in partnership with Modefin, introduced a digital wallet designed to simplify banking. This collaboration aimed to enhance convenience, security, and accessibility in financial transactions. The joint commitment to ongoing innovation reflects their dedication to becoming an integral part of users’ lives,” said Nikhil Gokhale, Director, Research & Digital Properties at IBS Intelligence. He congratulated Modefin for their win in the category ‘Most Innovative Digital Wallets Deployment: Best Program Vision’.

Modefin & Meghna Bank bags the Best Program Vision Award under the Most Innovative Digital Wallets Deployment Category at the IBSi Global FinTech Innovation Awards 2023 in Mumbai.

“We are honoured to be acknowledged for our commitment to advancing digital banking at Meghna Bank through innovative products and services in collaboration with Modefin,” said A Z M Fouz Ullah Chowdhury, Head of Digital Financial Services, Meghna Bank.

“Thrilled to win the Most Innovative Digital Wallets Deployment Award! Kudos to our team and partner Modefin for this achievement, driving Meghna Bank forward in digital innovation,” shared Md. Nazmul Ahsan, Head of Digital Solutions & Innovation, Meghna Bank.

Amit Darda, CEO of Modefin, received the IBSi Award on behalf of Meghna Bank and Modefin from Madhavan Menon, Executive Chairman of Thomas Cook India.

Amarnath Chowdary, MD Modefin, added, “We express our gratitude to Meghna Bank for providing us with this opportunity. We are honoured and humbled by this achievement, which is a testament to the rapid deployment of solutions we successfully undertook at Meghna Bank. We are committed to continuing our partnership and delivering excellent services that exceed their expectations.”

Amit Darda, CEO of Modefin added, “We are happy and proud to receive this award with Meghna Bank for the program vision of an innovative digital wallet that aligns with Bangladesh’s cashless digital economy. MeghnaPay is the mobile financial solution for Meghna Bank that will keep impacting more customers’ lives.”