Bangladesh owns lowest ATMs among six South Asian nations

[Destranator]

yet another BDeshi who has no sense of humor

Poor attempt at deflection. Go learn how reserves work.

 

[Imran Khan]

No doubt, our BAL group in the PDF will welcome your statement with garlands around your neck. These idiots love to talk of an imaginary future and false present.

Our only success is to stitch clothes. Others all you see in the newspapers are little feel-good stories.

they will be ok once the times will change . we have feel same 3 times in history check our GDP history . at last time 2000/2007 shoukat aziz /mushrraf era our guys were flying so high too then that came back to earth when we realiase it was false BS

PAKSITAN WAS GIVING LOANS TO AFRICA
PAKSITAN MADE OWN 100% CAR
PAKSITAN CAME OUT FROM IMF program
PAKISTAN GDP WAS BEEN SAYING HIGHEST IN ASIA
PAKISTANI EXPORTS WERE TOP AND INCREASING
PAKSITANI GDP PER CAPITA WAS TOP IN SOUTH ASIA (ONLY IN PAPERS)
PAKSITANI FOREX RESERVES WAS FULL

All this was just magic when magician gone magic also gone with it .

all these things we have already seen

 

[Maula Jatt]

they will be ok once the times will change . we have feel same 3 times in history check our GDP history . at shoukat aziz /mushrraf era our guys were flying so high too then that came back to earth when we realiase it was false BS

PAKSITAN WAS GIVING LOANS TO AFRICA
PAKSITAN MADE OWN 100% CAR
PAKSITAN CAME OUT FROM IMF program
PAKISTAN GDP WAS BEEN SAYING HIGHEST IN ASIA
PAKISTANI EXPORTS WERE TOP AND INCREASING
PAKSITANI GDP PER CAPITA WAS TOP IN SOUTH ASIA (ONLY IN PAPERS)
PAKSITANI FOREX RESERVES WAS FULL

All this was just magic when magician gone magic also gone with it .

all these things we have already seen

Learn people- stay grounded

Qismat ki hawa kabhi naram kabhi garam

 

[bluesky]

All this was just magic when magician gone magic also gone with it .

all these things we have already seen

Our fake magician Hasina will shortly go out, but our country will be $97 billion in debt to foreign lending agencies. She and her BAL party have no chance of winning even a simple majority without gun-trotting RAB ordering people to stay home on the election day.

Note also that the vote boxes are filled with ballot papers the night before that will not happen next time. Voters were not needed in the vote centers.

Note that 30 international observers nominated by the UN to observe the election were not allowed to enter the country in the 2018 election.

Hasina is such a bitch of a woman!!

 

[Bilal9]

Our fake magician Hasina will shortly go out, but our country will be $97 billion in debt to foreign lending agencies. She and her BAL party have no chance of winning even a simple majority without gun-trotting RAB ordering people to stay home on the election day.

Note also that the vote boxes are filled with ballot papers the night before that will not happen next time. Voters were not needed in the vote centers.

Note that 30 international observers nominated by the UN to observe the election were not allowed to enter the country in the 2018 election.

Hasina is such a bitch of a woman!!

Well these are all factual observations. Can't argue with any of these points...

 

[bluesky]

Well these are all factual observations. Can't argue with any of these points...

So, whatever you people repeat about QUAD, the RAB sanction has no relation with it. During the Trump administration, the sanction initiatives were first proposed and after many months of deliberations, the Biden administration has imposed it on BD. We have become at par with North Korea.

The US sanction is a continuous process. It will continue unless the Hasina govt listens to what America wants. America has to deal with ten Human Right Organizations.

This stupid Hasina govt did not even allow 30 UN observers to come and watch the 2018 BD election. The democratic world led by America is very displeased with this. I have a gut feeling that the screw around BD neck and Hasina will get tightened in a few weeks unless the govt moves toward allowing a fair election in 2023.

 

[Farhan Bohra]

There are plenty of bank branches and Fintech (to my knowledge) is rather pervasive. People exchange money mostly through apps. Only older folks not familiar with fintech use ATM's and counters at Banks.

With the rise of digital wallets like bKash and Nagad, more and more banks are introducing their banking apps.

bKash - Wikipedia

en.wikipedia.org

Nagad - Wikipedia

en.wikipedia.org

Here is a list of 7 best mobile banking apps in Bangladesh.

1. Rocket
Rocket is a Dutch-Bangla Bank Mobile Banking Application. Anyone with an Android or iOS phone of any telecom operator can use this app.

Upon registration, the options that you get to see are- Top Up, Bill Pay, Merchant Pay, Send Money, Cash Out, Bank Transfer, Remittance, Bank Inquiry, Mini Statement.

Cash in and out is very easy as most of the small department stores can help through their service. Bill payment and buying products are also quite efficient through Bill Pay and Merchant Pay. Bank Transfer from a personal DBBL account to other accounts is possible. Cash In from DBBL ATM card and app is also possible. You can send money to any Rocket account holder instantly. To keep a tab on all the transactions, check Mini Statement option.

2. Citytouch

Citytouch is the digital banking wallet of The City Bank Limited. It offers simple banking solutions for its valued customers. According to the reviews, this is the best mobile banking app in Bangladesh. To get this easy banking solution one needs a Debit or Credit card of an active account of City Bank.

This app supports both Bangla and English. Upon registration, the options are mainly on the Transfers and Payments tab. The Transfers tab offers- City Bank Account, Other Bank Account, Cash by Code, Email Transfer, Transfer to bKash, Beneficiary Management, Favorite Transfer, Transfer History. The Payments tab offers- Mobile Recharge, City Credit Card, Value Added Services, Visa Instant Payment, Beneficiary Management, Favorite Payments, Payments History.

This app offers multiple benefits for its customers. Two-factor authentication and user security as well as personalization, customization and transaction security check by customers are offered for highly secured service. Deposits, loans, multiple card management, creating fixed deposits can be done through this app. Fund transfer, money transfer, bKash cash in, mobile recharge can be managed through the app. Various bill payment and purchasing products run smoothly here. Air tickets can be purchased easily. This app is also used for paying bills of any VISA, Master or Amex credit card that have been issued in Bangladesh and transferring money to 18 enlisted bank’s VISA cards. Nearest City Banks ATMs and branches can also be located with this app.

3. SC Mobile Bangladesh

SC Mobile Bangladesh is Standard Chartered Bank’s internet banking app featuring easier banking solutions for their customers. This app is available on Android or iOS phones for Standard Chartered customers. Upon registration, the options are Accounts, Credit Cards, Personal Loans, Mortgages, Insurances, Investments.

Bio-metric log in service, paying bills and money transfer are among its features. Transaction history tracking is among its best usages. Banking alerts and promo offers are directly delivered to its app inbox. Sending money to bKash account is also possible from this app.

4. EBL Skybanking

Eastern Bank Limited is the bank that has introduced the app EBL Skybanking for mobile phone-based service for their clients. Android and iOS smartphone users can download this app on their phones if they have an account in Eastern Bank. According to the ratings, this one is the second-best rated mobile banking app. Registration can be done both ways- with cards or without cards. Upon registration, the features that are seen- Banking, QR Payment, Fund Transfer, Bill Pay, Priority, Benefits, ZIP Partners, Local EBL, Message Center, Contact EBL, Help, Augmented Reality, Products, Exit.

Transferring fund from credit card and EBL prepaid card to EBL, other bank or bKash account is done through this app. EBL credit card payment, top up from one EBL Prepaid card to other, utility bill payment, fingerprint login are its options. Instant mobile top-up and if help is required, appointments can be reserved through this app. Augmented reality helps in locating nearest ATM booths and branches.

5. MTB Smart Banking
MTB Smart Baking is the online banking service for Mutual Trust Bank customers. This app can be used with both Android and iOS smartphones. The tabs shown before logging in are- LOG IN, MTB PRIVILEGE, MTB CARD OFFERS, MTB LOCATIONS, CONTACT US, FAQ. The options displayed after login/registration are- ACCOUNTS, FUND TRANSFER, BILL PAY, CREDIT CARD, MOBILE RECHARGE, MPAY (QR PAYMENT), CHEQUE BOOK, CONTACT US. The transfer option has specified separate options- FUND TRANSFER(MTB), OTHER BANK TRANSFER(NPSB), OTHER BANK TRASNFER(BEFTN), BKASH TRANSFER.

This app is popular for its smooth operation. Among other features, requesting for cheque books through this app is very convenient. Detailed account statements can be accessed and fund transfer to other MTB bank accounts, facility of mobile top-ups, utility bill payments are some of its services. This app provides credit card services and bill payments as well as location finder for all MTB Branches and ATMs.

6. mCash
mCash is the online banking service of Islamic Bank Bangladesh Limited. Android smartphone users with an IBBL account can avail services from this app. It’s a pretty straight-forward app with basic transaction services. Upon registration, the tabs that are shown are- Send Money, Mobile Topup, Cash Out, MY mCash, Bank Transfer.

This app helps in sending money from one mCash account to the other. Mobile recharge can also be done. Money transfer from IBBL account to mCash and from mCash to IBBL account both are possible. Mini statements, activating ATM cash out and changing ATM pin are some of its other services. This app has a lot of potential to add better services for its customers in upcoming days.

7. Islamic Wallet
Islamic Wallet is the Shariah based Mobile Financial Services that has been introduced by Al-Arafah Islami Bank Limited. Customers money is promised to be safe with Islamic Wallet with most rigorous security, standard requirements under Shariah Board for regulations. Android smartphone users can download this app and enjoy its services. Upon registration, the features are- Balance (Send, Pay, Add, To Bank), Top-Up, Family Pay, Loyalty, Request Money, Vehicle Security, Food, Vehicle Solution, Movie Ticket, On Demand, Insurance, Health, Books.

This app provides a lot of innovative services other than the conventional services that are provided by other mobile banking apps. Cash in, Cash out, fund transfer from both account and cards, utility bill payment, top-up or mobile recharge, loan instalments, merchant payments, insurance premiums, pay roll are some of its services. Taxes, fees and government duties can be paid through this app. Payments from government like- subsidies, freedom fighter allowances, social welfare payments can be availed through this app.

Ticket service, vehicle security, food, health, movie tickets are some of its unique features. There are some added terms and conditions for following through Shariah Compliant Services.

These are wallets and not Instant payments services. There is a difference of night and day between it

Instant payment - Wikipedia

en.wikipedia.org

 

[xyxmt]

Poor attempt at deflection. Go learn how reserves work.

we had a Bangali teacher in university but all he did is aain bain shain and complained about how he is still a lecturer even after 20 year of teaching yet whites are given professorship after 2 years. seems like Bangalis love to do aain bain shain no matter where they are.

Our fake magician Hasina will shortly go out, but our country will be $97 billion in debt to foreign lending agencies. She and her BAL party have no chance of winning even a simple majority without gun-trotting RAB ordering people to stay home on the election day.

Note also that the vote boxes are filled with ballot papers the night before that will not happen next time. Voters were not needed in the vote centers.

Note that 30 international observers nominated by the UN to observe the election were not allowed to enter the country in the 2018 election.

Hasina is such a bitch of a woman!!

Guess she learned economy from @Destranator about how the reserves work and she is using that knowledge to acquire debts to fill reserves.

 

[Muhammad Saftain Anjum]

So, whatever you people repeat about QUAD, the RAB sanction has no relation with it. During the Trump administration, the sanction initiatives were first proposed and after many months of deliberations, the Biden administration has imposed it on BD. We have become at par with North Korea.

The US sanction is a continuous process. It will continue unless the Hasina govt listens to what America wants. America has to deal with ten Human Right Organizations.

This stupid Hasina govt did not even allow 30 UN observers to come and watch the 2018 BD election. The democratic world led by America is very displeased with this. I have a gut feeling that the screw around BD neck and Hasina will get tightened in a few weeks unless the govt moves toward allowing a fair election in 2023.

Bas kar Bluesky,
Ab bachon ko rulae ga kia

 

[Paitoo]

In India the death knell of ATMs was sounded when RBI ruled that there will be no charge for withdrawing money from another bank's ATM. After this ruling there was zero incentive for any bank to spread the ATM network because a large ATM network was no longer a draw for customers. Smaller banks rode piggy back on banks which had a larger network. New investments stopped and existing ATMs were poorly maintained. Then digital payments came and made ATMs even less useful.

 

[mb444]

Let me give an UK perspective. There was an atm every where and they were free to use. Then they started to charge to use... they fell dramatically as people simply use card or phone to pay. Now very few cash transactions objectively takes place. ATM are still widely there but not for very long due to lack of use.

BD obviously runs on cash...its moving to payment by phone and card. ATM unlikely has minimal utility in the future. I suppose it is a barometer of financial development somewhat but would not lose much sleep over it.

 

[Bilal9]

These are wallets and not Instant payments services. There is a difference of night and day between it

Instant payment - Wikipedia

en.wikipedia.org

I am not a financial whiz and not familiar with features of financial products available to Bangladeshi users.

Our central bank is rather conservative on licensing these payment services, as there has been several e-commerce scams and debacles locally. Only reputed companies (a few) have gotten licenses for Realtime Payment Apps. Also XOOM, which is a PayPal brand, operates locally and some local ones that I know of. I am not familiar with Indian scenario either. Maybe someone from Bangladesh more familiar can comment.

aamarPay - Online Payment Gateway of Bangladesh

aamarPay is one of the leading online payment gateway & FinTech Solution provider company. aamarPay offers low cost online payment experience for all business. Having multiple payment methods like Visa, MasterCard, bKash,Nagad Rocket, AMEX, SureCash,Nexus etc. aamarPay has PSO License from...

aamarpay.com

upay | উপায়

উপায় (upay), a Digital Financial Service brand, is aiming to help aspirers achieve their goals through easy, secure, and innovative digital financial solutions. Through upay app, services such as Send Money, QR Payment, Bill Pay and Mobile Recharge is easy and convenient.

www.upaybd.com

D Money Bangladesh Ltd gets eASIA Gold Award 2019

The competition was held among Asian tech giants from 24 countries and companies/ projects had to be less than three years old to compete

www.dhakatribune.com

SureCash – Send Money Thru Phone

www.surecash.net

This is from Bangladesh Bank (Central Bank) PSP and PSO list

"c) Payment Service Provider (PSP) and Payment System Operator (PSO)
According to "Bangladesh Payment and Settlement Systems Regulation-2014 (BPSSR-2014)" Payment Systems Department (PSD) issues license in two broad criteria- Payment Service Provider (PSP) and Payment System Operator (PSO).

It gives PSP license to the company who facilitates payment(s) or payment processes directly to the customers and settling their transactions through a scheduled bank or financial institution; for example E-wallet, Mobile Wallet etc. Besides, PSD gives PSO license to the company who operates a settlement system for payment activities between/among participants of which the principal participant must be a scheduled bank or financial institution; such as payment gateway, payment aggregator etc. PSD reviews the market demand, business rational, regulatory requirements, risk management systems, settlement systems, eligibility criteria and others according to BPSSR-2014 for considering the application of license of PSP or PSO.

1. List of Authorized PSO and PSP:
2. IT Consultants Ltd (PSO)
3. SSL Commerz Ltd (PSO)
4. ShurjoMukhi Ltd (PSO)
5. Portonics Limited (PSO)
6. iPay Systems Ltd (PSP)
7. D Money Bangladesh Ltd (PSP)
8. Recursion FinTech Ltd (PSP)
9. Green & Red Technologies Ltd (PSP)
10. Progoti Systems Ltd. (PSP)"

Bangladesh Bank

bb.org.bd

 

[bluesky]

In 2017, I wasn't able to find a single one in Dhaka. It was wise decision to come to country with a stack of USDs.

But our great asset @Tom-tom thinks that BBS has made a great mistake in the GDP and development calculations. He thinks the govt figures should not be divided by 2 , but should rather be multiplied by 2.