Agent Banking is a new idea of including local people of rural area who are back from Banking service. Bangladesh Bank has introduced the idea of agent banking for the lower class people of Bangladesh. The main theme is to give them the scope of banking service.
There are a large number of people of Bangladesh like 72/73% are far away from banking service. They are lower class people like farmer, rikshapuller, day labor, all over of village people and slum people. They earned their living by daily labour and the deposit their money on NGO and the Mohajon. Many times the insurance company cheat them. They don’t get their money back by this company. Sometimes the get poor interest on their money. As they are far away from banking, they don’t know the system.
Agent banking is an idea for the village people. If the renowned banks are going to them they must be happy with their banking. Sometimes mobile banking offer them benefit but it is little. As the village now going to be the rich of industries and farms they need huge transactions very easily. It is impossible for all banks to open branch in every thana upozilla so bank can appoint the agent for taking part of banking service.
Agent is the entrepreneur of banks who deal with the customers and take the FDR, DPS, savings, current balance fund from the party and the people of rural area can deposit fund in their area on the Bank. By this the agent will get commission and they will be the active part of the growing economy of Bangladesh.
Initially DBBL, Bank Asia, Islami Bank, Al arafa islami bank now giving the appoint of agent for agent banking. They already setup the infrastructure of the guidelines of Bangladesh Bank.
How to build up a room for agent banking, concrete building, paka ghor with roof, space for 180 square feet, vault for keeping taka, computer, printers, scanner, biometric device, computer, teller and well decorated room and internet connections by Modem or Broad band connections.
The transactions will be occurred with finger print as biometric process. Customer will get an account by 10 tk. They will have their own id and password for depositing, transferring money and receiving money. There are a large process of it but very easy.
There are a lot of idle money of village people. They don’t invest it anywhere and their fund has now output. Moreover the foreign remittance comes huge every year. They don’t invest it anywhere. So, the fund has no value at all. By the banking channel they can use their money and get benefited by it.
The village people will be more benefitted by it. They can pay their utility by this service.
If the banks have a good goal of fulfilling it, agent banking will be the most part of financial services like mobile banking bkash, dbbl, ucash, surecash, mcash.
So we wish a happy starting of this goal of AGENT BANKING of Bangladseh.
Possibility of Future E-commerce in Bangladesh by Paypal
The latest news was focused that Paypal will inaugurate in Bangladesh soon with the contract of Sonali Bank Bangladesh. The world of Ecommerce Paypal holds its 50% market. All the countries accepted the trusted and secured site and payment method like Paypal and Mastercard. Most of the Banks of Bangladesh already attached with Mastercard. But by the unknown reason paypal cant start its business in Bangladesh.
Our most of the freelances first dream is to come paypal in Bangladesh. There are a huge harassment of taking payment by paypal in Bangladesh. Most of the foreigner don’t know other payment like Payza, skrill or neteller, Payoneer. They know only paypal. There have been grown a lot of freelancers in Bangladesh who deal a big deal every year in outsourcing market place. But they can not take their money in Bangladesh by the well known payment processor like paypal. So the on the sake of crore freelancers, paypal needs in Bangladesh with immediate effect.
We can easily pay through paypal money and take it to our local card and can use it any atm if paypal available in here.
What will happen if paypal starts its business in Bangladesh:
So coming paypal is now a big demand like our new freelancers.
We can pay any online solutions by Paypal.
So its our one word that we want paypal at any how. For the sake please give a scope to starts paypal business in Bangladesh.
We think our Government will try their best to initiate paypal their business in Bangladesh.
We are sorry to say that we have stopped some of the virtual currency like skrill, payoneer, payza and paypal. If again can start it we will inform all by notice. thanks for keep patience to us.
Take online flexi load instant by using perfectmoney, webmoney, neteller and bitcoin @ 75 any time any where.
Now a days we have had a vast area of scope to online marketing area. The E-commerce is the glowing arena of this purpose. The area is now very simple. Normally we need huge transactions in online. We use various cards for online shopping. Visa Card, Master Card, American Express, Payoneer, Neteller, Payza, Paypal, Skrill, Webmoney, Perfectmoney for online transactions. So we need to secure our account first. We are trying to aware you so that you may be safe for any cheat or hack:
1. Debit or Credit Card: As the simplifications of your buying, selling, withdrawing of your money you have a card. Don't try to use your card on online sites who has a very low google page rank under 5. If you information is flashed you will loose your money instant.
2. Skrill: Hacking skrill account is not so easy. Try to use one account in one pc. If you need to be a merchant for you huge transactions, try to make your account VIP and Business. Your sending and receiving commission will be very low. Use a single IP always and dont take payment from unknown person. If anybody gives you money must write the purpose of receiving money- such as payment for web development, forex any other else. Don't open multiple account in skrill coz skrill use a software and can easily match you information same. So that you will loose your money. Presently Skrill is the most secure online getway which helps you to online transactions smoothy and clearly and softly.
3. Payza: Payza is one of the most payments solutions of the world. Its the most bad effect for its reverse option. If anybody try to cheat you and for this purpose he will give you some money and easily reback you money to payza. You can use payza simply in your online works, online payment and any other else. So after transactions take a note from your buyer that they will not reverse it.
There are a lot of way to online money earning. Online outsourcing is not a very easy way to earn money. The person need a very deep skill for it.
Almost all of the Banks in Bangladesh now open Internet Banking. Account holder can access his account from anywhere where internet available. It is the revolution of Banking arena.
So need to security is essential for internet banking.
(i) You should use two factor authentication when using internet banking.
(ii) You can take passcode generator from the Banks.
(iii) Your Email should keep two factor authentication
(iv) Always use your private connections or phone to use internet banking, dont use public/cybercafe for transacting
(v) Your password should strong symbol like !@," and uppercase and lower case so that hacker cant guess it.
(vi) Keep your password in your home diary. Don't save it to your email or Computer.
(vii) Don't share your password or ATM PIN to any one else.
(viii) When using ATM Booth, take care deeply any extra device is here or not. Sometimes scheming Device may be found.
(ix) Before entering ATM booth, look outside, any doubtful person found don't enter ATM, the robber may robber your ATM Card
(x) If your ATM card magnetic, change it to device like SIM.
(xi) Don't save your password in browsers.
(xii) Dont use security questions in Internet Banking like wife, date of birth or food, try to use hard security questions-- like village name of father-in-law--- favorite teacher-----
Banking security is upto you. If you are aware you can save yourself and your money from any fraud and frodgery.
প্রিয় --- ভাই আমি প্রায় ৭-৮ মাস ধরে আপনার কাছে PM ডলার বিক্রি করে যাচ্ছি। আমার মতে পৃথিবীতে যদি কোন বিস্বস্ত সাইট থাকে সেটা হচ্চে paybd.org. মহান আল্লাহর কাছে আমি প্রার্থনা করি আপনি যতদিন আপনার এই ব্যবসা চালাবেন তত দিন যেন হালাল ভাবে এই ব্যবসা করতে পারেন। আর আপনার পরিবার পরিজন নিয়ে যেন সুখে শান্তিতে বসবাস করতে পারেন। মহান আল্লাহ তায়ালা যেন আমার এই দোয়া কবুল করেন- আমীন।
There have a lot of e-currency marketer in the tech world. They are the media of currency converter. The provide online currency and local currency. Skrill neteller perfectmoney webmoney payoneer is one of them. Some of them provide virtual and physical card so that you can use it in atm machine and to foreign country for foreign buy sell.
Though the idea is very new in Bangladesh. The Government is now strictly hold it for security reason. But for foreign trade, the LC system is very old and not updated. The time is now digitalised. People now want quick service. We can buy products from home. All the international and local high brands now are selling, marketing their products online like ebay amazon alibaba in Bangladesh Bikroy ajkerdeal olx kaymu etc.
So if you want to buy products from foreign country, you need foreign currency like dollar pounds euro etc. As you are Bangladeshi you have no this currency you have only local currency taka. Some banks are providing international master cards so that you can take cards from them. But their fees very high. So you need to an international currency account so that you can buy products from Bangladesh. As the market system changed day by day, we are changing our service.
There is also the benefit of ecurrency . The Govt. no need to press huge physical money. Like bkash, ukash, mcash, surecash so that you can put your money on mobile its called virtual money. If the Government permit our local currency provider to buy products from abroad its will be very easy to buy products from home. You can pay through cash. You just send pay money from you mobile.
As we are new in this site, we think Govt will give permission to exchange virtual currency as like trading or like business. Their must be a limitation and control over it. The Govt can give license to us. So that they can easily control us and take VAT from us and tax from us. But if Govt think Bangladeshi money will go abroad it will be very wrong. There are no way to transfer Bangladeshi taka to abroad.
So we think, virtual currency market will a billion market if you can help it to succeed.
Presently there are a lot of Banks in Bangladesh encouraging Mobile Banking- Bkash, Ucash, Mbankig, DBBL M Banking, Onecash, Quick Cash, Sure Cash and some are coming. Its the forecasting news that people of all ages now take the benefit of Mbanking. The mobile banking menu is very easy and soft for using as a very low educated person can use it and by the help he can charge his mobile, flexi load, itop, etop. They can give any payment in larges stores of Bangladeshi shops. People can easily send funds from any foreign country by mobile banking. Its the most secure money transferring system now a days. Coz your hand set is not stolen and the pin code is safe to you.
The mobile banking registration is very easy- needs two copies of photograph, one copy National ID and the filled form by the company. An agent can open an accounts within a minutes. The service is activated within 1 week. No initial deposits needs, no extra charge needs only the company related the charge. Though the charge is high 2% is very high for Bangladeshi concept. But people needs money instant and easily. Coz ones a time people sends money to their relatives by post and it takes long time 7/15 days. Sometimes the postmasters don't give the money. When banking systems are well known people used to send money by Banks. But most of the branches are in the Town and it is very difficult to go town. Some courire services are established for sending funds and products. Sundarban Courier, SA Paribahan, Karatoa Paribahan, Central Courier, Continental Courier. But most of the served in Town. So people are sometimes losed their times and money for collecting the fund.
As the mobile is now a on glowing possibility of Bangladesh, people of all classes used to favour in Mobile. 2/3 Years ago people used to take money by Hundi, Dalal, Broker and third party and the third party takes a huge commission. But now in mobile banking they can easily take their money in their local are in villages and thanas. The system is very short and ensuring the receiving money.
There are some restrictions in mobile banking. People can send money 25000/- per month and receive 150000/- per month in their mobile. So their may be very less possibilities of money laundering.
Here we are noticing some fraud and cheat in mobile banking. Sometimes the cheater takes help of Mobile banking to collect funds. If the people are aware of it they can easily safe from any fraudulent. The GDP is now increasing day by day in Bangladesh. Every day there 2500 Million tk transacted every day in Bangladesh by mobile banking.
People can easily withdraw money from the agent of from the ATM Booth. Some banks charges extra charge for ATM using by Mobile Banking.
The international money management company such as moneybookers.com, skrill.com, payoneer.com, payza.org, payza.com, perfectmoney.is, neteller.com known as skrill, payoneer, payza, perfectmoney, neteller are trying to develop their business in Bangladesh. Already payza and payoneer opens their office in Bangladesh.
Paypal is trying to develop their business in here. In Dhaka they are trying to setup their offices.
In the large concept with the local mobile banking, freelancer and foreign persona can easily send money to Bangladesh. So we are trying to stay with you for better services.
Money Laundering is nothing but transferring and receiving money, assets or properties concealing the actual source and investing them in disguised financial activities that create social crimes, illegal transaction of money and it also accelerates terrorism in the broader sense. Money laundering may be nationally and internationally and it has some characteristics in the sense of transaction.
Money may be laundered from a foreign agent to local agent or from a country to a supporting organization or to an individual. It can be done between two countries or between two persons in the same countries. What the common tendency we notice is that the laundered money is deposited first and then separated. And finally the laundered money gets mixed with legal or white or clean money. The reason behind it is to hide the actual source of the money.
Money laundering in Bangladesh
In Bangladesh money is laundered in massive scale. Bangladesh Bank, the central Bank and only responsible bank to monitor, find out the money laundering and present the money laundering accused person before laws has no sufficient statistics how much money or how frequently money is laundered. Many workers and skilled professional persons are working in many countries in the world including Middle East countries. They to avoid government taxes transfer their money to their nearest persons living here in Bangladesh having this unlawful means. Besides there are many international criminal organizations which have their wings in the country and they send money them in this way so that none can trace the actual source and motive of the transferred money. Within the country corruption is another much talked means of money laundering because every year a lot of money is exchanged in an unauthorized manner. This is also considered as money laundering in the eyes of law in the country.
Effects of Money laundering in Bangladesh
The effects of money laundering in Bangladesh is out of assessment because the responsible organizations can hardly determine who is laundering money and who or which organizations are getting the money and what they are doing with the money.
There are two types of money laundering- one is not to pay government tax revenue which is mostly done by our workers working deferent countries in world. Another is targeted to illegal investing and illegal activities.
The first one is not much destructive but government loses huge amount of tax revenues every year. The second one is not only initial crime but it also gives birth to so many crimes and makes financial instability in the country.
The laundered money is invested in the disguised companies. The profit the companies make is used for some black listed or banned organizations. These organizations with their activities pose clear threat towards the country’s security and stability.
The laundered money is also used for drug smuggling, arms business and illicit activities.
Laws to prevent money laundering in Bangladesh
Like most of the countries in the world Bangladesh following Vienna Convention has taken many steps and signed international treaties to prevent money laundering and terrorist activities. Bangladesh has been a founding member of Asia Pacific Group on Money Laundering (APG) and the first South Asian country to implement Money Laundering Prevention Act in 2002.
In Bangladesh money laundering cases can be trailed under Money Laundering Prevention Act 2002. Bangladesh Bank or any person given responsibilities by Bangladesh Bank can investigate such kind of cases. Anti Corruption Commission can also look into money laundering cases. Bangladesh Bank having suspicion of any amount of money of any individual or organization can freeze the amount for 30 days and it can be extended for another 30 days if needed.
According to article 4(2) of Money Laundering Prevention Act 2002 a person accused of Money laundering will receive imprisonment in between six month to seven years.
The Meaning of it
E- Commerce, the short form of Electronic Commerce is the means of online buying, selling and trading. In online when the sellers present their products, services and information for customers’ choosing and buying and the customers purchase those products, services and information and pay online, there happens an online business and this is called E-Commerce.
The birth of e- commerce
The two technologies Electronic Data Interchange(EDI) and Electronic Funds Transfer (EFT) paved the way of e- commerce in 1970’s paving the way of exchanging information and executing electronic transaction among businesses. The successful beginning of e commerce started with the e- commerce pioneers eBay and Amazon which were inaugurated in 1994. Since it was a new concept in the planet, it took many years of continuous hardship and efforts and after almost 10 years Amazon.Com found its business profit in 2003. Now including the world largest economic countries like United States, Canada, France, Germany, Japan, and China E-commerce have got immense popularity all over the globe.
Need of E-Commerce in Bangladesh
The selling and purchasing is an aged old activity of human being. Since the beginning of these activities the process the people adopt for selling and buying goods has been changed time to time. Today’s world is busier than the previous. So people do not have enough time to choose and buy good visiting the market physically. Ecommerce has strongly differentiated between conventional and electronic commerce. It has proved its faster, cheaper and more convenient aspects compared to prevailing system of bartering products and services. E- Commerce though it has some disadvantages has made our life more comfortable in the sense of:
● saving time for both sellers and purchaser
● searching the exact items that the purchasers want
● Selling products and get profit only presence online
● tracking the customers’ presence and their individualized marketing
● Not showing the goods physically
E commerce is a childlike in Bangladesh but it is increasing and developing in all section of businesses in the country very rapidly.
Classification of E-Commerce
When handover and transaction of goods and money is done online, it takes shape many kinds of E-Commerce. B2B (Business to Business Ecommerce), B2C (Business to Consumer) Amazon.com mostly does this kind of business, C2B (Consumer to Business) and C2C (Consumer to Consumer). In the field of C2C eBay is considered to be the platform. Besides including Electronic Data Interchange (EDI) any kind of business or commercial transaction that is done through the use of information across the Internet. It may be wholesale based or retail based or auction based
What to get through E-Commerce
In Bangladesh Physical goods such as car, home appliances, books, electronics; digital products such as utility software, games, multimedia items, eBooks, information ; services such as ticketing and insurance all are available in E-Commerce.
E commerce in Bangladesh
Bangladesh is a developing country and its all sectors are also developing with the passage of time. Before writing about the future of e commerce in Bangladesh, the present situation of e commerce in Bangladesh should be known. The expanding of e commerce in the country is closely related to the expanding of internet use. At present 6.5 million people are using internet, 100 million people mobile services and mobile banking services have reached to 15 to 20% people of Bangladesh. Each and every day 100 core transaction is done through mobile banking. It is positive news to us that we have now more that 2500 e commerce site in Bangladesh.
It is expected that by next 3-5 years our internet users will be 8 million to 10 million. In Digital Bangladesh according to Prime Minister now people are increasingly using net banking, mobile banking, ATM services etc.
So it is clear to us that E commerce in Bangladesh has bright future. It needs creating overall awareness among the people and assessing and opening new arena of e commerce market, giving the customers more satisfaction by covering delivery costs and customer acquisition costs.
However the market runners have to have prudence in decision making regarding e commerce business here in Bangladesh. Thus the sector will see the pinnacle success in near future.
Online flexiload is the easiest, time saving and secure flexiload system in Bangladesh. There are many differences between recharging from recharge agent set up here and there and from Online Flexiload. To recharge from recharge agent one has to physically go to the market and then the recharge agent will take money and write down the phone number. On the other hand you do not have to go to anywhere else. You can just recharge by clicking on particular site. To recharge from agent you have to give cash money that you may not have. In this situation you can easily recharge from Online Flexiload using you credit card. Beside this there are many difference considering sincerity of the agent to recharge quickly, accuracy of typing the numbers correctly, urgency of recharge and so on.
Like recharging from agent recharging from scratch card is deferent from online Flexiload because it also kills our valuable time, energy and we need to go to the market.
In Bangladesh there are many online flexiload sites. Besides anyone can open a website and can recharge his/ her mobile phone or gift recharge his relatives’ mobile phone. It is the easiest system because people can easily recharge. No mistake can be happened since the person himself is typing his/ her mobile phone number. A relative from a remote place may need flexiload at night when it is 1.00 p.m. At the time it will almost be impossible for him to recharge his phone. He may fall in trouble acutely. If he has a relative who can recharge from Online flexiload and informed it to that person, that problem will be solved in a few seconds.
Online flexiload also saves our valuable time and keep our working continuous. If a person spends 5 to 10 minutes per day for recharging from recharge agent, he loses many days and years from his life time. Besides recharging from outside certainly hampers our personal or official activities. So only online flexiload can be the only solution to solve such kind of problems. That is why online flexiload is getting popularity day by day.
Online flexiload is the most secure recharging method in the country and aboard. Small or big amount can securely be recharged at any time and any place without waiting for recharge operator. Online flexiload system prevents mobile phone number unauthorized using. Some people mistake in typing and some operators mistakenly sends recharge amount to the wrong numbers. So the both customer and operator fall in problem and lose the amount. Online Flexiload is in this case considered the most secure method used by ever increasing users.
In our country there are many recharge agents but most of them are kept open for a fixed time. It may be from late morning to late night. But a person may need mobile recharge at a time when every agent’s shop is closed. At this situation online flexiload system can give us comfort and help intensively. So the system is being used abundantly.
Online flexiload is operated by some tele communication companies in our country. Grameenphone, Robi, Banglalink, Airtel, Citycell, and state owned Teletalk. After getting registered any one can use any of the company’s recharge service sitting in own room and any time even when you are so busy with jobs.
How to protect reverse or dispute in payza, paypal, moneybookers, webmoney, wmz, skrill, payoneer, perfectmoneyRead Now
How to become safe from online transaction?
There are many online gateway in online now. The online Bank now are transacting huge online currency. They are moneybookers (skrill), payza, paypal, webmoney, bitcon, perfectmoney, neteller, payoneer and some other. As they are working in favour of buyer and they protect buyer very much.
Moneybookers : Moneybookers is good for online transaction. They are regulated by FSA in Englanad. They provide almost all country of the world. They have a huge amount transacting volume. If you want to take some $ from moneybookers please follow the steps:
a) Must ensure the source of money if possible
b) Please write the reason of taking money, give reference short and details. Send the buyer request money and write details in memo/reference. so that the sender can’t open a case against your transaction. They will not be able to dispute or reverse the payment. Describe details your products and delivery date as much as possible.
c) Sometimes skrill authority cancel your account. So be care of money laundering laws and sending money. You must withdraw much money then selling it third party. You have to verify your banks, address and card for increasing your limit. Don't use many accounts in the same information and same ip. sometimes skrill detect the date of birth and other information whether same or not. If get the same, your account would be blocked. Must use the hard password. For any complain contact the customer care of skrill.
Payza: Payza and reverse/dispute is like the same. Payza can be the most ruling exchanger on online but for their rules and regulations they can't be a pioneer company. If the buyer complain any dispute, payza immidiately reverse it to them. Many of them it taken as their business of dispute though they got the service and products but open dispute and take back the money again to their account. Though we don't know how to keep safe from payza transactions.
a) If you have a company you can take payment by website.
b) If you are individual you can request money and give details description in memo. You write all your conditions that the seller will not be able to claim any dispute. Select the payment mood in service options. You give your virtual products details and write it is one time use. Buyer is fully got the products and found okay. So, he will not claim in reverse.
c) Moreover buy products from trusted buyer and seller. Verify your payza by banks and address giving your driving license, passport or national ID.
Paypal: The Giant paypal is one the the first choice of online payment processor. Most of the company and individual person use paypal for their online transaction. It is more secure and your debit, credit and mastcard information will be more secure. They provide secure and reliable service.
We can take some steps to oppose dispute or reverse option in paypal. As paypal is a regulated website, so they follow various types of accounts. Any person can open paypal accounts and verify it. We when sell any online products such as software, digital products, physical products, any service, due take the payment by invoice and write details in your invoice, date, products name, challan no, shipping details, so that the seller will not open any dispute option.
It is safe to withdraw your money from banks. So when fund comes to your account, withdraw it immediate to your local banks or virtual banks. So, times you can take payment by gift of friends and family. Normally friends and family is non reverseable but if the seller open a dispute you can claim it that he is your relative.
Try to take payment by paypal card, so the fund will go quick to your card, so that no one can open dispute.