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Showing posts from October, 2012

Where are we going with the E-payment system?

The world is becoming faster every day and time has become more valuable than ever. To cope, Bangladesh’s financial sector needs a concrete and stable E-payment system that should ensure even faster money transferring between business to business and between individuals to business; that too effortlessly. This is not just going to help the business arena but also facilitate people from various communities and interest groups of the country. A quick money transfer system saves time and eliminates risks in carrying the cash; that too in a society where hijacking has become regular than occasional. Bangladesh Bank has taken a few initiatives to establish quick and safe payment system since 2006. As consequences, electronic methods of payment started to become popular. People are now paying bills and performing maximum money transaction using Debit/Credit cards, Internet or mobile phones. Bangladesh Bank introduced a partnership with the Department for International Development,