bKash is offering 15 percent instant cashback up to tk 300 on purchase of products from Daraz under 11.11, the biggest sale festival.
The offer will be valid from November 11 to November 17, said a press release.
11.11 is the biggest shopping festival across the world which provides great shopping experience to the customers.
This year, Daraz 11.11 is bringing huge discounts on more than 15 million products for the customers.
Following the response of previous 11.11 big sale campaigns, bKash has integrated a quick payment option for the customers this year.
Customers will need to enter bKash account number and OTP for successful transaction of the account that is saved with the Daraz account.
For all subsequent payments, they need to enter bKash PIN only. However, only one bKash account can be saved in one Daraz account.
Daraz Bangladesh, an online marketplace which is a concern of Alibaba Group is hosting the 11.11 campaign for the third time in Bangladesh.
Other details will be available at Daraz website.
PRAN-RFL Group’s Varendra Industrial Park at Godagari in Rajshahi, is collecting agro based products including mango, tomato, olive and guava, based on season, from the local farmers and making pulp in the park.
The park is now almost ready to collect pineapple, watermelon, cucumber and aloe-vera for pulping, said a press release.
The park will create four to five thousand jobs, of which 95 percent job holders will be local, once it starts the full operation.
Besides, the country's leading conglomerate has plans to produce frozen foods and noodles in the park soon if it gets necessary support from the concerned departments of the government.
The park will create four to five thousand jobs, of which 95 percent job holders will be local, once it starts full operation.
Kamruzzaman Kamal, Director (Marketing) at PRAN-RFL Group, confirmed the matter on Tuesday at a view exchange meeting with Rajshahi journalists at the conference room of the park.
He said, “Agricultural extension and socio-economic development of the farmers are the key purpose of PRAN Group.”
“The group has chosen Godagari to establish the park so that farmers of Rajshahi area can able to sell their products at low transport cost without any middleman.”, he said.
“We are now collecting mango, tomato, olive and also producing compost fertilizer. Farmers and common people are now getting benefits from our initiatives because they are now able to provide their products to PRAN and getting job in this park.”, he added.
PRAN-RFL Group has set up the park at Amanatpur of Gadagari in 2017 on 34 acres of land.
The Rangpur zone of Islami Bank Bangladesh Limited (IBBL) held a webinar titled ‘Compliance of Shari`ah in Banking Sector’ on Saturday.
Md Zakir Hossain, Director of the bank addressed the programme as the chief guest where Md Qaisar Ali, Additional Managing Director of the bank was special guest, said a press release.
Dr Mohammad Monzur-E-Elahi, Member of IBBL Sharia Supervisory Committee addressed the webinar as the chief discussant while Dr Md Ruhul Amin Rabbani, Member Additional Secretary of the committee was special discussant.
Mir Rahmat Ullah, Executive Vice President presided over the programme where Md Shamsuddoha, Executive Vice President were present.
Read Also: IBBL Dhaka zone holds online conference
Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year’s Singles’ Day online shopping festival, as the country recovers from the pandemic.
The shopping festival, which is the world’s largest and falls on Nov. 11 every year, is an annual extravaganza where China’s e-commerce companies, including Alibaba, JD.com and Pinduoduo, offer generous discounts on their platforms. Last year, shoppers spent $38.4 billion on Alibaba’s e-commerce platforms Tmall and Taobao.
This year’s festival will be closely watched as a barometer of consumption in China, which is just beginning to bounce back from the coronavirus pandemic after months of lockdown earlier in the year.
Analysts expect Chinese consumers to spend more on imported products and foreign luxury brands, since many Chinese tourists were unable to travel internationally due to the coronavirus pandemic and tightened travel restrictions.
A survey by consulting firm Oliver Wyman found that 86% of Chinese consumers are willing to spend the same as or more than during last year’s Singles’ Day festival.
“In the last six months or so, wealthy households have actually spent more money,” said Sean Shen, customer and strategy competence leader for EY in Greater China. “We also see that purchases of luxury segment products are increasing because of the international travel restrictions.”
Sales of electronic goods and health and wellness products are also expected to rise, as more people work from home and pay more attention to their health amid the pandemic, according to a report by consultancy Bain & Company.
To help merchants cope with the impact from the coronavirus, online platforms have extended the shopping festival period this year in hopes of boosting sales.
Both Alibaba and JD.com, the country’s two biggest e-commerce companies, began offering discounts on Oct. 21, three weeks ahead of Nov. 11. Some brands and merchants that slashed their prices booked hundreds of millions of yuan (tens of millions of dollars) in sales just hours into the shopping festival.
Tang Chenghui, an electrical engineer who lives in Beijing sees Singles’ Day as an opportunity to stock up on snacks and imported products such as milk from Australia. Ahead of the festival, Tang pre-ordered 3 boxes of duck eggs, 10 packets of soybean milk powder, two boxes of yogurt, coffee and wine.
“I’m buying more snacks this year because I’ve just moved into a new apartment and have enough storage space to stockpile the snacks I like,” said Tang. “Some of these products are really cheap during the Singles’ Day discounts.”
Unlike Black Friday and Cyber Monday in the U.S., Singles’ Day in China is not just about deep bargains. Alibaba pioneered the concept of Singles’ Day and holds an annual gala on Nov. 11 with celebrity performances to entertain shoppers.
E-commerce sales via livestreaming and Alibaba’s annual gala are part of a “shoppertainment” trend which blends shopping with entertainment in order to become more appealing and engaging to shoppers.
Mini games within online shopping platforms entice shoppers with deeper discounts while encouraging them to spend more time within the app.
“Because of COVID-19, brands and retailers have doubled down on e-commerce and livestreaming commerce to drive growth, and it will show strongly on (Singles’ Day) this year,” said Wang Xiaofeng, a senior analyst at Forrester.
But while millions of shoppers spend hours on mini games hoping to snag better bargains, some are irked by the complexities required to win such discounts.
“Black Friday discounts tend to be better, and they are more straightforward,” said Liu Zhirou, a 27 year-old Beijing-based accountant. “Now, I still ask my friends to help me buy things from the U.S. during Black Friday.”
“The rules around Singles’ Day discounts now are getting more and more complicated,” she said. “I usually just spend my money on Black Friday, and buy less on Singles’ Day.”
From now, customers of Padma Bank Limited will be able to transfer funds from their internet banking platform ‘Padma i-Banking’ to any bKash account.
Recently an agreement was signed between Padma Bank and bKash, the bank said in a statement.
To transfer fund, any Padma Bank account holder needs to login to his/her account through Padma i-Banking and add the beneficiary first. After adding a bKash account as beneficiary by filling up necessary information, customers can transfer money instantly. Once added, customers can make next transactions easily.
For transferring funds, the customer needs to click on ‘Send Money’, tap on the bKash logo, select ‘Transfer to bKash’ then select the bank account from which customer will send money and choose beneficiary.
Then, after entering the required amount and narration, the customer needs to select OTP channel (SMS or Email) and click on ‘Continue’. At the last step, the customer needs to input the OTP number to complete the transaction. However, customers can find the logo of Padma Bank Limited in the Add Money section of bKash app also.
Tapping on the logo will redirect customers towards Padma i-Banking. For transferring funds from Padma i-Banking to bKash, transaction limit provided by Bangladesh Bank will be followed.
There is no charge imposed on the customers for this service from bKash.
With this latest bank integration, a total of 21 banks in the country are now connected to the largest Add Money network of bKash.
The facility of instant money transfer service from banks’ app or internet banking to bKash account has enabled 48 million bKash users to enjoy convenient transactions 24/7 across the country.
Since its launch in 2019, Padma Bank Limited has been working to provide 100 percent digital services. The fourth generation bank is committed to deliver modern banking services to almost 170,000 customers.