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Daraz brings more special offers ahead of biggest one-day sale 11.11
Daraz Bangladesh set to host Eleven Eleven (11.11), its biggest one-day sale
campaign, is also offering exciting teasing offers for customers starting from November 1 to 11.
One of the attractive offer is “Make a Wish” contest under which customers can share any of their wishes on Facebook with a #dWish and #daraz1111.
Daraz will choose a total of eleven winners among the participants and fulfill their most socially acceptable wishes.
Another such offer is the “Add to Cart Giveaway”, where a winner will be chosen every day from customers who add the highest number of items to their carts.
READ: realme becomes top selling brand in Daraz 7th Anniversary Sale
Winners will get rewards like realme smartphones, freezers, washing machines, microwaves, and air conditioners.
There is also the “I Love Voucher” offer for the shoppers, which can be obtained to buy products
with discounts ranging from BDT 50 to BDT 7500 every day, from 12 PM to 9 PM.
Be4sides, with the “Shake Shake” offer, consumers can also try to win by simply shaking their phones between 5 PM to 6 PM every day, and win prizes like washing machine, geyser, smartwatch, laptop, realme smartphone or brand double taka vouchers.
Under the “Category of the Day” segment, products from specific categories will be available at a discounted rate of up to 10% each day.
READ: Daraz relaunches dMart for customers from Sept 21-27
New users who sign up on the Daraz app shall receive a 50% discount on their first purchase and the new customer who has the highest number of product-browsing records shall receive a realme C11 smartphone.
In addition to all these amazing offers, customers can enjoy the “11.11 show” from November
01 where top celebrities of Bangladesh will be talking about the leading e-commerce platform
and its campaigns.
49 e-commerce platforms are blacklisted, refund of customers’ money in process: Commerce Ministry
The authorities have blacklisted 49 e-commerce platforms and legal action will be taken against them as per recommendation of the commerce ministry, an official said on Monday.
AHM Shafiquzzaman, additional secretary to the commerce ministry and chief of Digital Commerce Cell (DCC), said this at a press briefing after a meeting of the DCC with the senior officials of different ministries, departments and agencies of the government at the commerce ministry office in Dhaka on Monday.
Shafiquzzaman, also the head of 15-member Cabinet committee on e-commerce, said that a report on the issue will be submitted to the Cabinet Division before November 11.
Also Read:Registration is a must for E-commerce firms: Committee
Regarding the Tk214 crore stuck in payment gateways since the introduction of an escrow service, the official said, "Criminal Investigation Department (CID) has blocked the money. We will write to the home ministry to defreeze it. Customers will get refund afterwards."
"We are hopeful that the CID will defreeze the accounts soon so that we can pay back the money of the affected consumers and merchants in the shortest possible time," Shafiquzzaman said.
Some 1 per cent or 2 per cent service charges may be applied on the consumers and merchants while disbursing the money stuck up in the escrow payment gateway, the chief of the DCC also said.
A large number of customers have been deceived by various e-commerce companies, including Evaly, e-Orange, Dhamaka even after paying money in advance.
Also Read: E-orange owner Sonia, 2 others remanded again
To curb such fraud and protect the interests of consumers, the government issued guidelines for the management of digital commerce, which calls for the use of escrow services.
Later, the Cabinet formed a committee to restore discipline in the industry and protect customers and merchants from further losses.
IBBL provides 2 lakh blankets to PM's Relief and Welfare Fund
Islami Bank Bangladesh Limited (IBBL) provided 2 lakh blankets to the Prime Minister's Relief and Welfare Fund for the cold-stricken people Thursday.
On behalf of Prime Minister Sheikh Hasina, her principal secretary Dr Ahmad Kaikaus received the blankets from Professor Md Nazmul Hassan, chairman of IBBL, and Mohammed Monirul Moula, managing director and CEO of the bank.
Read: IBBL board of directors' meeting held
Sheikh Hasina joined the programme on a virtual platform.
Md Nazrul Islam Mazumder, chairman of the Bangladesh Association of Banks, was also present, said a media statement.
Read: IBBL Bogura holds clients' get-together
Daraz to organize one-day sale campaign ‘11.11’ on Nov 11
Daraz Bangladesh , a concern of Alibaba Group and one of the country’s large online marketplaces, announced on Thursday that it is hosting its biggest one-day sale Eleven Eleven (11.11) campaign for the 4th consecutive time.
A press conference was organized at the Harmony Hall, Bangabandhu International Conference Center (BICC) in the capital, where the company announced the details of the campaign.
The mega campaign will begin on November 11 and will be active for only 24hours, and it will comprise more than twenty-five million products at massive discounts, alongside numerous attractive offers including ‘Mystery Box,’ ‘Surprise Voucher,’ ‘1 Taka Game,’ ‘Thousands Taka Discount,’ ‘Shake Shake-Seller Double Taka Voucher,’ ‘Flash Sale,’ ‘Big buy win,’ ‘11’o’Clock Deals,’ and ‘Add to Cart’ Giveaway.
IFC inks deal with BFIU to develop eKYC infrastructure for fast-tracking financial Inclusion
To create a secure digital banking environment and to accelerate financial inclusion, IFC has signed a cooperation agreement with Bangladesh Financial Intelligence Unit (BFIU) for implementing an Electronic Know Your Customer (eKYC) project in Bangladesh, where only half the adult population has access to a formal financial system.BFIU, an independent government agency tasked with investigating suspicious transactions and money laundering, is also the central agency for ensuring KYC/eKYC compliance.Under the agreement, IFC and BFIU will work together to develop and adapt eKYC infrastructure, which is a foundational regulatory arrangement for conducting customer due diligence during new client on boarding process for collecting and verifying customer data electronically during opening of new accounts at banks, non-bank financial institutions, mobile financial service providers, insurance companies, and capital market intermediaries, said a press release of Bangladesh Bank.
Also read: IFC provides liquidity succour to Covid-hit RMG sector
According to central bank, an efficient digital on boarding infrastructure is one of the major building blocks for fast-tracking financial inclusion in Bangladesh.Under the current KYC protocol for opening new accounts, customers need to present their national identity (NID) cards in person and financial institutions (FI) must authenticate and keep a record manually photocopying and printing the NID.The process is time-consuming, costly, and inconvenient for both clients and FIs. Moreover, in-person account opening has become more difficult amid the COVID-19 pandemic and the development of eKYC will help in social distancing.Once in place, the eKYC infrastructure will not only cut time and cost of client on boarding, but it will help reach more customers digitally, thus, reducing the number of unbanked people, particularly the underserved such as small business owners and women entrepreneurs.The project will contribute to the financial inclusion agenda of the government of Bangladesh as well as IFC’s target of including an additional 30 million unbanked adults in the country by 2030.BFIU is expected to issue a comprehensive eKYC regulatory guideline for the financial sector by December 2024.Along with establishing a regulatory infrastructure, the eKYC project will also deliver data analytics, case studies, knowledge creation and dissemination and awareness building in the financial market. IFC estimates that 500,000 people will be covered by the e-KYC system by end of the project implementation period in 2025.“Financial sector especially financial institutions are experiencing a drastic process of digitalization.This digital transformation enables easy access of customer, even from the remote location, into the financial services.
Also read: Kamal seeks soft IFC loan for private sector development
This may pose some underlying risk of money laundering, terrorism financing and related criminal activities by abusing financial institutions and its services.To minimize such risk of financial sector e-KYC can be one of the most optimal solutions” said Md. Masud Biswas, Executive Director & Deputy Head of BFIU.“Promoting financial inclusion is one of the priorities for IFC’s work in Bangladesh. The implementation of eKYC infrastructure will offer seamless experience for end users and support the financial sector to reach out to last mile customers in Bangladesh, significantly increasing access to financial services”, said Qamar Saleem, IFC's Regional Manager Advisory Services for Financial Institutions Group in Asia and Pacific.IFC helps advance financial inclusion through investments in the financial sector, advisory services to investment clients and other private sector clients, and through advisory services to stakeholders in financial infrastructure.Earlier, for conversion from manual KYC to eKYC, BFIU ran a small-scale testing by opening 1,500 accounts using eKYC technology, such as biometrics, and the results confirmed its effectiveness.
IBBL launches service excellence campaign
Islami Bank Bangladesh Limited (IBBL) inaugurated the "Campaign for Service Excellence" Sunday in the capital.
The campaign will be run in the branches, sub-branches and other units of the bank until 11 November 11.
Mohammed Monirul Moula, managing director and CEO of the bank, inaugurated the campaign as chief guest.
Read: IBBL board of directors' meeting held
Muhammad Qaisar Ali, additional managing director, and JQM Habibullah, deputy managing director, addressed the programme as special guests.
Md Omar Faruk Khan, additional managing director, presided over the programme; Md Mahboob Alam, senior executive vice-president, delivered the welcome speech.
IBBL deputy managing directors Abu Reza Md Yeahia, Taher Ahmed Chowdhury and Md Mostafizur Rahman Siddiquee, head of wings, divisions, zones and branches of the bank were present, according to a media statement.
Read: IBBL Bogura holds clients' get-together
Mastercard, Brac unveil Mastercard Millennial Titanium Credit Card
Mastercard and Brac Bank announced the launch of the Mastercard Millennial Titanium Credit Card Sunday to cater exclusively to the lifestyle and aspiration of millennials and young working professionals in Bangladesh.
Through this card, Mastercard and Brac Bank will offer unique, personalised solutions that meet the needs of millennials.
The card's welcome pack offers unparalleled rewards and benefits, including cashback, vouchers, and discounts on e-commerce portals, clothing shops, beauty salons and online bookstores.
Read Mastercard, Dutch-Bangla, bKash partner to make cross-border remittance transfer easier
Other benefits include bonus reward points on grocery and online transactions, BOGO (Buy-One-Get-One) hotel stays, dining and lifestyle offer at more than 5,500 partner outlets in Bangladesh, two complimentary visits to airport lounges per year, and 500 bonus points on the endorsement of a minimum $5,000 on travel.
Also, the card will allow millennials to make a retail purchase at zero per cent interest.
The Mastercard Millennial Titanium Credit Card also comes with year-round offers, including the chance to earn 1,000 reward points monthly on a minimum cumulative spend of Tk5,000 at Gloria Jeans, North End Coffee, Crimson Cup, Coopers, Domino's Pizza, and double bonus reward points on a monthly spend on selective weekend grocery transactions and up to 15 per cent cashback on selective online food delivery apps.
Read Nagad, Southeast Bank, Mastercard Launch ‘Add Money’ Service
"It is high time to engage the youths, the prime promoters of the digital lifestyle, with the economy and empower them so that they can realise their full potential," Selim RF Hussain, managing director and CEO of Brac Bank, said.
"With ever-evolving technologies within reach, Brac Bank hopes this endeavour will not only compliment their unique lifestyle needs but also help them advance in their personal and professional fields."
"Today millennials account for one-third of Bangladesh's population. With continuously evolving aspirations, this generation of mobile-first digital natives provides a tremendous opportunity to drive a less-cash economy," said Syed Mohammad Kamal, country manager for Mastercard.
Read Consumer habits emerging from pandemic set to become permanent: Mastercard
"As a technology company in the payment industry, Mastercard combines safety and security with seamless user experiences that are highly valued by millennials. We are delighted to partner with Brac Bank to launch this first of its kind card in Bangladesh."
IBBL holds Shariah compliance webinar
Islami Bank Bangladesh Limited (IBBL) organised the webinar "Compliance of Shari'ah in Banking Operations" Saturday on a virtual platform.
Professor Md Nazmul Hassan, chairman of the bank, addressed the function as chief guest.
Mohammed Monirul Moula, managing director and CEO, presided over the function while Dr Mohammad Gias Uddin Talukder, chairman of IBBL Shariah Supervisory Committee, addressed it as chief discussant.
Read: IBBL board of directors' meeting held
Muhammad Qaisar Ali, the additional managing director of the bank, addressed the programme as a special guest and Professor Mohammad Abdus Samad, member secretary of Shariah Supervisory Committee, as a special discussant.
Md Omar Faruk Khan, additional managing director, and Md Shamsuddoha, executive vice-president, also addressed the webinar.
Read: IBBL Bogura holds clients' get-together
Deputy managing directors Abu Reza Md Yeahia and JQM Habibullah, Chief Risk Officer Mohammad Ali, SM Rabiul Hasan, principal of IBTRA, were also present, according to a media statement.
Investors lose Tk 10,261 crore at DSE in one week
Investors have lost their capital amounting to Tk 10,261 crore in the Dhaka Stock Exchange (DSE) over the last week with the share prices witnessing a downtrend.
According to a market review, the main index of the Dhaka Stock Exchange Index (DSEX), the country's main bourse, shed 167.4 points to 7,076 points during the October 17-21 period.
Among the other two DSE indexes, the DSES (Shariah Index) index shed 49 points to 1,518 points and the DS-30 (blue chip index) index lost 19 points to 2,699 points.
The prices of 31 shares, out of those of 382 companies, marked a rise in the DSE during the one-week period. Besides, the share prices of 338 companies declined and the share prices of nine companies remained unchanged.
Read: Tk 850-crore revolving fund for capital market in the offing
Of the 362 companies traded during the last week, the prices of 124 companies marked a rise. Besides, the share prices of 231 companies declined and that of 23 companies remained unchanged.
The market capitalization of DSE has come down from Tk 10,261.56 crore to Tk 5,69,851.24 crore last week (3rd week in Oct) due to the fall in the prices of the shares of most of the companies. The total transaction volume of the market was Tk 5,80,112.81 crore in the second week of October.
RFL launches awareness campaign on water wastage
RFL Bathroom Fittings has launched a month-long campaign to create awareness among everyone on water wastage.
RN Paul, managing director of RFL Group, inaugurated the campaign at the head office of RFL Group in the capital recently.
Under the campaign, awareness messages are being spread through various mediums to make people aware.
Moreover, anyone can win prizes by sharing ideas on water wastage. Details of the campaign can be found on the RFL Bathroom Fittings Facebook page, according to a media statement.
RN Paul said, "Most of the extracted water is wasted due to our negligence. It is possible to prevent the wastage of water with little awareness."
Shariful Islam, assistant general manager (marketing) of RFL Bathroom Fittings, said, "The supply of pure water is declining due to daily wastage, which is a big threat to our lives and the next generation. We have launched a campaign to prevent water wastage by changing our habits."