Business
IBBL inaugurates Bolirhat sub-branch in Chattogram
Islami Bank Bangladesh Limited has inaugurated its Bolirhat sub-branch at Khaja road, East Sholoshohor under Bahaddarhat Branch in Chattogram.
Bangladeshi startup Dataful joins Startup Istanbul’s portfolio
Bangladeshi startup Dataful, the first data-based content portal, has been accepted into Etohum portfolio of companies – an Istanbul-based startup accelerator programme.
US budget deficit hits all-time high in June
The federal government incurred the biggest monthly budget deficit in history last month as spending on programmes to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
DBCCI mourns death of Nurul Islam Babul
The Board of Directors of Dutch-Bangla Chamber of Commerce & Industry (DBCCI) has expressed deep shock over the demise of Nurul Islam Babul, Chairman of Jamuna Group.
Huawei aims to build sustainable future
Huawei has stated its plan of creating a sustainable future by releasing its Sustainability Report 2019.
Walton fridge makes Dinajpur man millionaire
A youth has become millionaire after purchasing a Walton refrigerator from a Walton showroom at Khansama Bazar in Dinajpur.
Customers can pay Visa, AMEX credit card bills through bKash
Customers have been enabled to pay Visa and AMEX credit card bills through bKash without any extra charge during the Covid-19 crisis. bKash has offered 1 percent instant cashback on paid bill amount of Visa and AMEX credit card throughout July to August.
Paperfly launches ‘Cashless Pay’
To address the rising trend in online purchases and consumer preference to transact online, Paperfly has launched ‘Cashless Pay’ in partnership with Mastercard and Eastern Bank Limited (EBL).
The service is available across the country to all consumers who want to experience the convenience and safety of cashless payments while receiving their online orders at their doorstep, replacing the existing cash on delivery (COD) payments, said a press release on Sunday.
State Minister for ICT Zunaid Ahmed Palak officially launched the digital payment–on-delivery system ‘Cashless Pay’ as the chief guest.
Humayun Kabir, executive director of Bangladesh Bank, Syed Almas Kabir, president of BASSIS and Shomi Kaiser, president of e-CAB were also present at the program as guest of honor, said the release.
Nagad, Southeast Bank, Mastercard Launch ‘Add Money’ Service
Bangladesh Postal Department’s Digital Financial Service ‘Nagad’, Southeast Bank and Mastercard launched a new feature for Nagad’s mobile app that enables users to instantly add money from their Mastercard credit, debit and prepaid cards into their Nagad accounts.
This service will be provided by Southeast Bank’s Mastercard Payment Gateway Services (MPGS). Mastercard was the pioneer payment scheme in Bangladesh to launch the ‘Add Money’ service for mobile wallets as early as 2019, said a press release.
With this service Nagad app users can now add money to their Nagad accounts. Nagad cash-in limits will be applicable for this service.
To complete seamless transactions any time of the day, Nagad users need to click the ‘Add Money’ button on the Nagad app interface and select the card option. Users must then provide the required card details and enter the amount they wish to transfer from the card. Users will then receive an OTP (One Time Password) on their registered mobile phone number. By entering the OTP, users will be able to complete the transaction.
This service will make it easy and convenient for Mastercard cardholders to top up their Nagad wallets, making contactless transactions possible. Southeast Bank Limited is the technology provider of this service.
In his speech, Tanvir A Mishuk Managing Director, Nagad said, “We are glad that Nagad Accountholders can now easily add money to their accounts from their Mastercards, and this will eliminate the need of physically visiting ‘cash in’ points. Our collaboration with Mastercard & Southeast Bank Limited will make transactions much more convenient for Nagad users in various multitudes.”
Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard said, “Mastercard is proud to collaborate with one of the leading digital financial service providers, Nagad, to launch this wallet loading service for its customers. This collaboration with Nagad and Southeast Bank is another milestone in our partnership with the mobile financial services (MFS) sector. Mastercard looks forward to offering cardholders a better payments experience through personalized interoperable payments solutions that will give an enormous boost to card acceptance and digital transactions in Bangladesh.”
BYLC Ventures holds virtual entrepreneurship bootcamp
BYLC Ventures, an entrepreneurship development programme of Bangladesh Youth Leadership Center (BYLC), hosted its first virtual bootcamp from Thursday to Saturday.
A total of 50 teams attended the three-day programme, selected competitively from over 400 applications for cohort 2 of BYLC’s six-month long accelerator program, said a press release.
The bootcamp was arranged aiming to build the capacity of the participants through workshops on design thinking, product market fit, building a minimum viable product, and other business tools.
The second purpose of the camp was to assess the suitability of the participants to receive seed funding from BYLC.