July 20, 2013

BANGLADESH to join Paypal to get ICT outsourcing payment

Bangladesh is set to join the global payment network Paypal next month in a bid to explore world ICT market for local individuals and companies.
With this most-widely used payment system on the Internet, Bangladeshi freelancers and other individuals will be able to receive money from abroad via Paypal.

With Paypal coming to Bangladesh, the country's freelancers and other ITC companies will get more online work, a freelancer said.

Finance Minister AMA Muhith recently informed newsmen after a budget consultation meeting with the Secretaries at the Planning Ministry conference room.

"Paypal payment gateway may launch its operation in Bangladesh by May," the Finance Minister said.

A group of officials of Paypal will visit Dhaka soon to look for technical details for the launching,

In March, 2012 a team of Bangladesh Association of Software and Information Services (BASIS) went to California, the headquarters of Paypal, to request it to start its operations in the country.

Fahim Mashroor, President of BASIS, said, "Bangladesh has attained considerable success in outsourcing. The country secured third place in popular online marketplace"


In recent past, Bangladeshi youths achieved many glorious successes participating in various competitions worldwide, he added.

About 30 per cent of Bangladeshi contractors work for search engine optimisation, while 12 per cent for data entry, 8 per cent for software development and 6 per cent for web research. Beyond that, a large segment of works is non-technical, he said.

"Growth of Bangladesh as a back-office is excellent," the freelancer added.

Most of the Bangladeshi freelancers' average age is between 25 and 35 years with university education, and most of them do the work of data entry, while the rest do the technical jobs.

The transaction system has changed a lot over the years and the use of plastic money is increasing among the people, said Bangladesh Bank Governor Atiur Rahman.

Currently, 4.6 million people have debit or credit cards and there are three million mobile bank accounts across the country, which help quick and safe banking transactions, he added.

Bangladesh Bank and BASIS have jointly organised the series to create awareness on benefits of e-commerce.

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