BPO moves to tie up with global payment tech giants

Dhaka,  Wed,  20 September 2017
Published : 17 Aug 2017, 00:34:38
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BPO moves to tie up with global payment tech giants

Cash card to be integrated with Visa, MasterCard
Bangladesh Post Office (BPO) has decided to integrate its Postal Cash Card with Visa and MasterCard to modernise its services to compete in a changing world aimed at enhancing the revenue earnings.

The state-run agency has also decided to tie up itself with e-commerce giants Amazon and Alibaba.com to give its e-commerce service a big boost, reports UNB.

According to an official document, a process is underway to integrate the Postal Cash Card with the Visa and MasterCard mainly for collecting remittances from Bangladeshi expatriates living in different countries.

Technological aspects have already been finalised with the authorities of the payment technology and the system will be introduced by December next. "The Postal Department has already accepted the formal proposals from the Visa and MasterCard authorities to complete the revenue sharing agreement," the document said.

Prime Minister Sheikh Hasina on March 26, 2010 inaugurated the Postal Cash Card. The Postal Department with the assistance of IT Consultants Limited (ITCL) is conducting the service.

Currently, 8,500 posts offices, including in all upazila headquarters, district towns and divisional cities, and important sub-post offices have this service.

The main objective of the service is to bring the grassroots people under the banking service through the Postal Cash Card. This card will minimise the risk of carrying cash and enable customers to reap the benefits of encashment and remittance in post office counters and also ATM booths. This card may also act equally as Debit Card, Credit Card and Plastic Money.

On the other hand, the government has introduced e-commerce service in 20 post offices in Dhaka metropolitan area on December 29, 2016 under a pilot project.

The service will be introduced in all the 64 districts of the country very soon, the document said.

Necessary training programmes for the post office officials and employees are going on for the purpose apart from collecting electronic devices for the purpose. The Postal Department also opened a website, www.dakbazar.com, for experimental use.
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