Monday 24 July 2017 ,
Monday 24 July 2017 ,
Latest News
  • Sohel Mahfuz makes ‘confession’ over Gulshan café attack
  • N’ganj 7 murders staged in planned way: AG
  • EC invites 60 civil society members to join talks on Jul 31
  • Siddiqur might have lost an eye: Doctors
  • 1 killed , 4 missing in Bandarban Landslides
21 March, 2017 00:00 00 AM / LAST MODIFIED: 21 March, 2017 09:12:21 AM
Print

PayPal coming to Bangladesh

Sonali Bank gets BB nod to sign deal
Staff Reporter
PayPal coming to Bangladesh

Services of US-based global online payments giant PayPal would soon be available for the people in Bangladesh as Sonali Bank has received permission from the central bank to sign a deal with the US company.
The Foreign Exchange Policy Department of Bangladesh Bank issued an order yesterday, directing state-owned Sonali Bank to sign deals with PayPal to make the global online payment system available in the country.
Access to PayPal will allow people and businesses to conveniently transfer money online, including remittances, and use it as an alternative to traditional paper methods like cheques and money orders, by making payments through the internet.
Sonali Bank officials told reporters that the bank will now sign an agreement with Paypal after establishing a legal channel for transactions. Most of the formalities and processes in this regard have already been completed and the service will be launched soon, they said.
For small entrepreneurs, businesses and freelancers, PayPal is the most widely used method for making and receiving payment online and people in Bangladesh are facing difficulty as its services are still not available in the country, said sources.
The company has over 200 million customers and making payments or sending money through PayPal is free of charge. It also operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee. Transactions in PayPal can be made online, on a mobile device, in an app, or in person. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

 

 

 

 

Comments

Poll
Today's Question »
BNP leader Khandaker Mosharraf Hossain said Awami League is trying to create anarchy in the country with its plan to hold the next election under a partisan government. Do you agree?
 Yes
 No
 No Comment
Yes 90.0%
No 10.0%
No Comment 0.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
3031
More Front Page stories
Govt goes for total 
damage contro In a bid to cool down the grievances which was ignited among the administrative services officers across the country following the incident of arrest and harassment of Tarik Salman, Upzila Nirbahi Officer(UNO)…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting