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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.
BTCL has outsourced its BCUBE sales and customer support to EMEM Systems Ltd, System & Services Ltd (SSL) and Sisview Technologies Ltd. Till now btcl have got about 15,000 customers. BTCL's monthly income about ৳19,000,000 per month from this service.
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bKash started in 2011 as a joint venture between BRAC Bank Limited, Bangladesh, and Money in Motion LLC, United States of America. In April 2013, International Finance Corporation (IFC), a member of the World Bank Group, became an equity partner, in March 2014, Bill & Melinda Gates Foundation became an investor in the company, [10] and in April 2018 Ant Financial, the operators of Alipay (an ...
Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device.
The number of mobile phone subscribers in Bangladesh as of April 2015 was 124.705 million, [8] having risen from the February 2009 figure of 45.21 million. [9] As of September, 2022 the number of mobile phone subscriber has risen to 181.43 Million.
The ordinance was updated with the passage of Telecommunication Act (Corrected) bill in 2010. [4] In 2016, the salaries of the commissions and chairman was doubled by the government of Bangladesh. [5]
Quadir founded bKash in 2010, which provides financial services through a network of community-based agents and existing technology, including mobile phones. [ 2 ] bKash serves 78 million verified customers in Bangladesh which is a country of 170 million people [2] .