‘Cashless Pay’ is an advanced solution designed by Paperfly with Mastercard’s payments technology served by EBL.
It is the first such solution that does not require a point of sale (POS) machine to complete the cashless transaction and allows consumers to make payments seamlessly, simply using their smartphone browsers through a highly secured connection.
This timely initiative enables digital payment service providers to extend their reach to online consumers at their doorstep.
Paperfly is the largest home delivery network in Bangladesh, with close to 100 delivery points across the country, 1000 plus own employees at union level and beyond.
Paperfly offers warehousing, fulfillment, smart return management and cash collection facility for its online merchants, which means with Paperfly an online seller will be able to sell their products anywhere in Bangladesh.
Paperfly launches ‘Cashless Pay’
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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.