Bangladeshi expatriates living in different countries of the world will now be able to send money home in just five seconds through Blaze, the country’s first cross-border payment network.
Three organizations--Sonali Bank, HomePay HomePay, and ITCL--have taken the initiative to operate the Blaze service, creating a scope for the expatriates to send money home in five seconds -- 7/24.
Prime Minister's ICT Affairs Adviser Sajeeb Wazed Joy formally inaugurated the service as the chief guest through a virtual function chaired by Sonali Bank Limited chairman Ziaul Hasan Siddiqui.
State Minister for ICT Division Zunaid Ahmed Palak, Bangladesh Bank’s deputy governor Ahmed Jamal, Sonali Bank Limited CEO & Managing Director Ataur Rahman Prodhan, ITCL MD & CEO Dr Kazi Saifuddin Munir and HomePay CEO Rubel Ahsan also spoke at the programme.
Addressing the programme, Sajeeb Wazed said the Awami League government’s next dream is to build a cashless society in the days to come. “Launching Blaze service is part of that dream.”
He said many people in the country do not have bank accounts as they completely depend on cash money. “But the cash money can be stolen and looted anytime. There’s also a scope for corruption in cash transactions. When we'll move to a cashless society, the scope for corruption will be reduced.”