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Moniepoint was founded in 2015 by business executives Tosin Eniolorunda and Felix Ike. It was initially founded under the name, TeamApt. [1] In March 2019, Moniepoint announced funding of $5.5 million in a Series A fundraising from Quantum Capital Partners. [3] In November 2019, Moniepoint received a switching license from the Central Bank of ...
On 13 January 2020, Bangladesh Anti Corruption Commission raided the office of DESCO over the alleged purchase of substandard prepaid electricity meters. [ 16 ] In March 2017, three employees of DESCO, Director General AHM Nurul Huda executive director Rafiuddin, and manager Khandaker Nazibul Alam, were suspended on allegations of embezzling 9. ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...
In the recent years, Internet usage has rapidly increased. The Bangladesh government imposes a high Internet tariff, stunting the sector's growth, claims Norwegian-owned Telenor. [citation needed] Due to controversy, the Bangladesh government decided to reduce the tariff by 50%. [12] The Bangladesh's Internet country code is .bd.
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
Because of Bangladesh's status as a least developed country receiving concessional loans, private creditors accounted for only about 6 per cent of outstanding public debt. [9] The external public debt was US$6.4 billion, and annual debt service payments were US$467 million at the end of FY 1986.