Financial institution Bank Asia introduces Scan to Cash, a QR-code oriented cash withdrawal solution for its customers.
Bank Asia Introduces Scan to Cash: A Revolutionary Cash Withdrawal Service
Bank Asia PLC has revolutionized banking by introducing Scan to Cash, a QR code-based cash withdrawal service [1][2]. This innovative service allows customers to withdraw cash from any Bank Asia branch without the need for cheques or debit cards, providing a fast, convenient, and seamless banking experience.
The service was inaugurated on 12 August 2025 at Bank Asia Tower Branch, Karwan Bazar, Dhaka, by ANM Mahfuz, Additional Managing Director of the bank, in the presence of S M Anisuzzaman, Mirza Azhar Ahmad, and Syed Zulkar Nayen, along with other senior officials [3][4].
To use Scan to Cash, customers simply need to open the Bank Asia Smart App on their smartphone, scan the unique QR code displayed at the cash counter, enter the desired withdrawal amount, and authenticate the transaction using a one-time password (OTP) [1][2]. After successful verification, the teller hands over the cash, and the customer's account is instantly debited by the withdrawal amount.
The service eliminates the need for traditional cheques or debit cards, offering a modern alternative to conventional withdrawal methods. Customers can perform up to five transactions per day with a daily withdrawal limit of BDT 300,000 [1][2].
Here's a step-by-step guide to using Scan to Cash:
- Visit a Bank Asia branch.
- A unique QR code is displayed at the cash counter.
- Open the Bank Asia Smart App and scan the QR code.
- Enter the withdrawal amount.
- Authenticate the transaction via OTP.
- Upon successful authentication, the teller gives the cash.
- The customer's account is immediately debited.
This service is a significant stride towards digital banking, offering enhanced speed and convenience for customers [1][2][3][4][5]. With Scan to Cash, Bank Asia continues to lead the way in providing modern, efficient, and customer-friendly banking solutions.
[1] Bank Asia PLC Launches Scan to Cash. (2025, August 12). Retrieved from https://www.bankasia.com/news/scan-to-cash-launched
[2] Bank Asia Introduces QR Code-Based Cash Withdrawal Service. (2025, August 12). Retrieved from https://www.dhakatribune.com/business/2025/08/12/bank-asia-introduces-qr-code-based-cash-withdrawal-service
[3] Bank Asia Officials Inaugurate Scan to Cash. (2025, August 12). Retrieved from https://www.bangladeshnews24.com/business/bank-asia-officials-inaugurate-scan-to-cash
[4] Scan to Cash: A Modern Alternative to Cheque-Based Withdrawals. (2025, August 12). Retrieved from https://www.financialexpress.com.bd/business/scan-to-cash-a-modern-alternative-to-cheque-based-withdrawals
[5] Bank Asia's Scan to Cash: How it Works. (2025, August 13). Retrieved from https://www.bankasia.com/how-it-works/scan-to-cash
The innovative service, Scan to Cash, introduced by Bank Asia PLC, is a step towards digitizing the banking-and-insurance industry, leaning on fintech and technology. This QR code-based cash withdrawal method offers a modern alternative to traditional cheque or debit card-based transactions, revolutionizing the finance sector.
