When Bangladesh Stepping into Arena of E-Commerce

Despite tons of hurdles in the way of overall growth of country, Bangladesh is encompassing wider range of technologies and e-commerce growth is its evidence. Bangladesh is stepping into arena of e-commerce slowly, but surely and steadily. It is the e-commerce performance for B2C category, which seems much promising and needs focus. Let’s check what it actually needs.

Bangladesh is considered as an under privilege country with high density population, high rate of illiteracy, high poverty rate, and scanty infrastructure to adopt advance technologies that most of the countries in the world enjoy. Despite such hindrance, today country has 7 million Internet users with more than 200 ISP and 100 million mobile Internet users. Nearly one million Internet users enjoy Internet and mobile banking services subscriptions and contributing nearly 100 core transactions each month.

Factors Favoring Online Shopping Trends
This big volume of Internet users have boosted the growth of e-commerce in unprecedented volume and more than 2500 online shops or say e-storefronts are operating in Bangladesh. Each prosperous brick-and-mortar store is enjoying an online identity offering online shopping or e-transaction facilities for online shoppers. No doubt, the growth of Internet is not one-day or one-year miracle, but the consistent efforts of government, international trade and other organization, contribution of world banks and finance institutions, and finally, contribution of Bangladeshi entrepreneurs residing outside the country.

Initiatives Made to Sustain Online Shopping Growth
Government had made target of “Digital Bangladesh in 2012” and provided all sorts of legal, financial, and infrastructural support to boost the online shopping infrastructure and intentions among the citizens through various nodal agencies. Banks in Bangladesh have formed a common platform to ease the lives of Internet shoppers and money transactions needy Bangladeshis within and outside the country. Recent collaboration of banks with Payza Bangladesh like payment gateway service providers are giving solid evidences of the good intentions of the country and its people to keep pace with time and modernize the society by-and-large.

If we look at the recent development, we can realize that Bangladesh is stepping into arena of e-commerce growth with solid infrastructure.

• Licenses issued to the maximum WiMAX services
• Licenses issued to the VoIP operators by BRTC
• Some additional IIG licenses issued by BRTC
• Permission for upgrade network to TD-LTE for Banglalion and Augere 

Besides these, recent onslaught of mobility have solved many problems indirectly like affordability of computing devices and spreading wired network because mobile devices are cheaper alternative against standalone desktops or laptops with limited mobility. Advent of 3G/4G technologies has solved connectivity issues at greater extents. Introduction of Payza like payment gateway provider in Bangladesh have eliminated the needs of bureaucrats in money transactions or remittance for Bangladeshis sending or receiving money from and to the country.

Nature of Online Shops in Bangladesh
Besides government services, ticket bookings for rail, air, or land transports are optimum usage of e-commerce or e-transactions. Various industries including garments, hospitality, travels, job market, outsourcing, groceries, retails, and many essential commodity businesses are witnessing a big surge through their online shopping opportunity services. In due course, following e-commerce or say online shopping websites are witnessing high revenue turn over.

•  Bikroy
•  Akhoni
•  Cellbazaar
•  ClickBD
•  BDjobs
•  Rokomari
•  And many others 

If we closely examine, majority of online shopping services were C2C nature in recent past, but now B2C types of online shopping is becoming trendy. Reasons are obvious as payment system for online shoppers is becoming more secure and safe against other delivery and collection methods in past traditions. Today any citizen can use her bank account to topple money in Payza Bangladesh account and easily as well as quickly make online payments with the cheapest rates in the world.

Thus, Bangladesh is becoming a paradise for online shoppers gradually and heading towards a bright as well as promising future.

E-Payment System and Internet Shopping in Bangladesh

Influence of electronic payment system over the Internet shopping in Bangladesh is profound and need revisits of policies as well as strategies employed. Therefore, some live debate on this is must and discussion on the pros and cons of e-payment system may bring fruitful solutions with the pace of time.

In traditional banking system, we had everything on paper so we used to rely heavily on the human resources to accomplish tasks of entries, clearing, deposits, document transfer, etc. on time and with accuracy. Fortunately, digitalization and use of Internet as well as intranet network had changed that dismal scenario rapidly in the western developed countries before decades.

Towards Digital Bangladesh
However, in Bangladesh like backward economy, these all and sudden changes were not possible so Bangladeshis have to wait for long to enjoy such advance privileges in comparison to their western counterparts. Fortunately, government of Bangladesh has initiated many vital moves in this direction and given an agenda to make economy and other sectors digital through “Digital Bangladesh” slogan.

Many forward thinkers and people with futuristic visions including entrepreneurs residing within country or in foreign lands have created highly conductive environment and made useful efforts to boost the process of digitalization through invading Internet and telecommunication network or facilities in early days. Later on mobiles became buzzword and sudden proliferation of mobile users taken place.

E-Payment Scenario
Along with other infrastructural facilities in the country, financial system also had taken many vital initiations. Among them banking sector and payment gateways were leaders to revolutionize the scenario of e-commerce by-and-large. Today, majority of money transactions are taking place through electronic cards or Internet across the country. Therefore, it is vital to understand the electronic payment system in Bangladesh before doing any business in the country or investing money.

Challenges on the Road
Yes, things are not always gloomy, as they seem because there are multiple challenges on the road of progress, which people of Bangladesh and other stakeholders of economy have to face, such as:

• Increased rate of cyber crime in this social and educational backward country
• Money laundering like activities due to strict money regulations and rules of land
• Perception of people are not always positive due to backwardness and lack of awareness
• Initial high cost for access because e-card payment as well as Internet payment systems need investment in infrastructure for government as well as financial system and in hardware for end-users.
• Confidence and security of transaction is big issue due to increasing threats from the hackers as well as malicious elements in Internet shopping payment as well as thieves for e-card payments
• Lack of knowledge and skills is a big problem in Bangladesh in using e-payment system where illiterate population is bigger in mid-age and elder people population categories
• Attitude to a new product vary in this small country where new generation is ready to adopt new things easily while older one is still grapples
• To minimize the cash based transaction is a big goal because the lower strata of society occupies a big portion and threats of thieves, robbers, and other non-social elements are bigger in comparison to its neighboring countries like India. Therefore, spreading e-payment tempo in rural areas of Bangladesh is positive move.

Solutions and Implementations
No doubt, government and banks have taken numerous steps to beat the aforementioned challenges, but initiative by Payza Bangladesh has enhanced advancement procedure of e-payment system noteworthy for Internet shoppers and others. Through various schemes like SimplySendBD and Payza e-wallet, this payment gateway providing group has revolutionized the entire scenario of Internet shopping experiences.

Moreover, Payza has boosted the morals of e-commerce providers in Bangladesh and for Bangladesh at admirable levels. The most important thing Payza has done is that it has given highly cheaper yet quality alternative for e-transactions and e-payment to an underprivileged country like Bangladesh.

If you have any questions or comments, we invite you to share them with us by leaving a comment below or joining us on our Payza Facebook and Payza Twitter pages.  

Daily Deals Sites Setting New Trends of Internet Shopping in Bangladesh

After prolonged deprivations, Internet shopping has become cloying word for Bangladeshi people. People are exhibiting much interest towards e-commerce and they are from both sides, buyers and entrepreneurs. Mature online buyers demanding robust experiences while scrappy and enthusiastic entrepreneurs are offering newer trends. Recent proliferation of the daily deals sites are indicating increasing craze for Bangladeshi Groupon so let’s check what is actually going on.

It is true that Bangladesh was suffering from social, economic, and educational back lags in past, but recent easing of international trade barriers, economic liberalization, globalization, and deregulation have altogether changed the scenario. Right efforts of governments, entrepreneurs, and people by-and-large have made changed perceptions and habits of average Bangladeshis to do buying and selling in recent past.

Conductive Environment for Internet Shopping in Bangladesh
Today an average Bangladeshi has easy Internet access through mobile devices and computers at some extent. Increasing numbers of smartphone users and declining in Internet charges are boosting overall web surfing. Craze of social media have taught people to use e-commerce websites smartly and forced them to be transparent. Mature web users who do frequent Internet shopping in Bangladesh know how to do comparative shopping and how to leverage ultimate benefits of e-commerce in this small, but rapidly growing country.

After recognizing these trends, many residential and non-residential Bangladeshi entrepreneurs have established online marketplaces and daily deals websites just like Groupon doing in their western counterpart countries of the world. They sniffed the interests and habits of Bangladeshi affluent and middle class people and unveiled daily deals websites made up of the latest e-commerce development technologies.

Daily Deals Scenario for Internet Shoppers in Bangladesh
For instance, Akhoni.com is one of the leading B2C daily deals websites harboring innumerable products on their websites. Besides these, they offer high discounts over many products and services on behalf of many local businesses by following daily deals model of Groupon. You can find mouth watering daily deals offers from the restaurants, tourism industries, health industries, fashion and beauty niches, etc. on their website regularly.

Internet shoppers in Bangladesh are now smart and united in small to big groups. They quickly share the information on the social networking sites like Facebook with peers. Sometime they plan to visit the places, which offer daily deals such as restaurants, beauty parlors, etc. in a group and enjoy cheapest services just like doing parties.

Akhoni online shopping website and other similar daily deals websites are not offering just fashion or day-to-day used commodities, but they also offer costly jewelry and electronic gadgets for affluent class people who avoid sweating in traffic rush and wasting their time burning fuels for shop-to-shop visits. Unlike past, recent improvements in online payment methods and Payza like Bangladeshi players have made e-transactions quite easy and safe for Internet shopping fans in Bangladesh. No doubt, trust building is the key of success in e-commerce in Bangladesh.

Smart Daily Deals Players
Another major player in daily deals sites is BdDeals, which has more than 20 million users in its database and running SMS, E-mail, and PPC campaigns for their daily deals business participants. No doubt, in this daily deals race, only quality conscious and economical sound parties can withstand for longer so daily deals websites check the background of the business and evaluate them in their own way before granting permissions to place their deals on their websites.

Trends in Online Shopping with Home Delivery in Bangladesh

Online shopping in Bangladesh has outstanding challenges in terms of payment and delivery because in numerous cases both are mingled with each other, as payment takes place once delivery is finished in form of home delivery of goods. Unfortunately, recent market is expanding in terms of goods available and home delivery can’t associate with payment in all cases.

Internet has changed the scenario of people’s lifestyle and way of business doing in the country. Despite the crinkling infrastructure for transport, electricity, and wired Internet network, online activities are flourishing at rapid pace and seem to be parallel to its affluent western counterparts.

Online Shopping Status in Bangladesh

Numerous online shops are working solely on the internet while majority of brick stores enjoy status of click-to-brick shop in modern Bangladeshi society where each home has one person living abroad. Mobiles have made internet ubiquitous. Therefore, people are free to place their selling needs on auction sites, whilst buyers have freedom to purchase products from anywhere and at their convenient time.

Online Shopping Behavior of Bangladeshis
However, the nature of Bangladeshis is a bit conservative and people generally don’t put trust on other especially in payment made on internet where receivers are unknown and lots of frauds or scams have been registered before. Moreover, traffic issues are acute in major cities of Bangladesh where a big chunk of online shoppers is residing.

Cash On Delivery Model
Therefore, expecting of buying and picking up the goods are rare thing in practice here. Bangladeshi folks love to deal in face-to-face mode so cash on delivery is highly popular mode of payment in cities as well as in rural areas in particular. There are two benefits of cash on delivery that buyers and sellers both are secure for the payment as well as right delivery at their respective ends while buyers can promptly inform vendors for any sort of fraud or swindle carried out by middle men or any damage occurred during shipment.
Unfortunately, all goods are not possible to ship through this payment method and collect cash, only food items ready to serve, groceries, furniture, and so on items of day-to-day use fall in cash on delivery payment mode. Valuable items are generally purchased either through personal visits or through secure payment gateways in advance payment mode only.

Promise of Secure Payment
Fortunately, Bangladesh payment gateway services like Payza Bangladesh have quite safe and secure online payment method through internet as well via credit/debit cards with bargaining service charges. Even secure e-transactions are possible in rural areas where connectivity and financial infrastructure are issues all times.

Payza Bangladesh has changed the scenario of online shopping in Bangladesh through various payment gateway related schemes unveiled in collaboration with major banks of Bangladesh and government itself. People now no longer need cash on delivery like long and risky routes of online shopping in Bangladesh thanks to Payza Bangladesh and banking network to introduce trust factors among the most privileged people of Asian region.

If you have any questions or comments, we invite you to share them with us by leaving a comment below or joining us on our Payza Facebook and Payza Twitter pages.  

Ways to Do Smart Internet Shopping in Bangladesh

The popularity of online shopping in Bangladesh is growing day-by-day blessed by mobiles and various incentives offered by e-commerce industry. However, online shopping is neither risk free nor cheaper, if you don’t know how to play smartly. Let’s check the smartest ways to do so.

Internet shopping in Bangladesh is getting immense popularity among all the creeds and classes of Bangladeshis. Thanks to increased penetration of cheaper Internet and flourishing mobile with ease of Internet through 3G/4G connectivity, Bangladeshis are enjoying Internet shopping with awesome features and facilities. Modern generation of Bangladeshis is enjoying online shopping without putting any step outside their home or office confinement, even they can shop while they are driving or commuting in public transport in odd hours.

Internet Shopping Craze in Bangladesh
They can place order with cash on delivery or home delivery without taking any risk of online payment as well as they can pay securely through Payza Bangladesh like safe and secure payment gateway. After observing online shopping craze in Bangladesh many entrepreneurs have jumped into the bandwagon and established their online identity with such secure payment methods and payment gateway integrations, even brick stores have created brick-to-click storefront for Internet shoppers in Bangladesh.

Internet Shopping Security
However, not all players are fair and there are frauds, spam websites, hackers, malicious elements, etc. unwanted activities reporting with same intensity on the web-o-sphere of Bangladesh. Therefore, it is mandatory to take enough precautionary steps while doing Internet shopping in Bangladesh taking smart way of e-shopping

Shop from Secure Online Storefronts Only
It is true that on Internet not all e-commerce storefronts or websites are reliable and offer secure shopping experiences. Therefore, you need to check some essential characteristics of Internet shopping websites prior to inserting any vital info from your side and those precautionary steps involve:

Reading the privacy policies thoroughly:
Yes, the majority of e-commerce websites are offering comprehensive and legitimate privacy policy. They do so in order to protect your financial and personal information, which you enter during checkout process to do your payment. If you find any loophole or discrepancy, do not shop with them.

Read Reviews of Storefronts:
Today we have social media like Facebook and other social networking sites where we can exchange our opinions and experiences with brands and such online shopping websites. Therefore, avail these facilities in your favor and simply read reviews or place your thoughts of shopping on certain e-commerce sites, you will have tons of advices or insights regarding their reliability, services, and security like experiences of others. The best way is to open their Facebook page and check the customers of brands that have placed their reviews and ratings.
Bangladeshis are fond of social media and eager to express them on it so take advantage of their mentality and extract the truth about the website on which you are going to do Internet shopping for big order or to be a loyal customer forever.  

Right Selection of Payment Method and Payment Gateway:
Fortunately, in modern Bangladesh, government, banks, and many Payza Bangladesh like entrepreneurs have made solid effort to make online payment highly safe, secure, and affordable for Bangladesh like underprivileged country. Thus, you need to check, which payment method involves the safest payment option and which payment gateway is involved with it

Fashion and Gadget Trends in Internet Shopping in Bangladesh

Bangladeshis are enjoying proliferation of online shops for their diverse needs. Among these shops, fashion and electronic gadget selling are trendier and benefiting two parties, the sellers and the buyers in many respects. Let’s see who is offering what in this online businesses.

In these days, Bangladesh is observing phenomenal growth of Internet usage due to smartphone craze. Of course, endeavors of governments and some entrepreneurs, in recent past, have begun to yield sweet fruits in form of increased e-commerce and other online activities involving many critical e-transactions.

Being a poor and deprived country, Bangladesh was lagging behind in the modernization race in recent past. Fortunately, many non-resident and resident Bangladeshis have tried hard to uplift the face of country by investing in diverse commercial activities. Thus, today Internet shopping in Bangladesh is enjoying special status and range of businesses/industries are coming up with their online identity by breaking many old barriers of trades.

Surveys on Internet Shopping in Bangladesh
Recent surveys on the Internet shopping behavior in Bangladesh had revealed many facts. Upon analysis of traffic, purchase tendencies, actual conversion, and status of Internet shops in Bangladesh have shown that Bangladeshis are getting maturity for Internet usage rapidly and online businesses are making good profits despite fierce competitions amongst them.

International Players
They have identified two areas as fast growing niches and they are fashion and electronic gadgets. For instance, Kaymu online shop is offering range of items for fashion, e-gadgets, kids, home appliances, and sports in nutshell at highly competitive rates. Kaymu is offering robust online shopping experiences with its advanced e-commerce technologies and worldwide network in multiple countries.

Local Players
However, local players are not lagging behind much in this e-commerce race and they are offering unique Internet shopping experiences with locally personalized scents. For example, Fortuna is a leading online shoe and bag store in Bangladesh and providing the optimal blend in style, quality, and affordability in footwear related items and their accessories by respecting local fashion trends.

As far as we are talking about the local players Chowdhury electronics is good option as online electronics store in Bangladesh. Bangladesh shoppers is one of the big harbors for retail items and hardly leave any essential items that we need in day-to-day course like groceries, households, fashion and apparels, health and beauty, kids related items, furniture, mobiles, PCs, machine and auto parts, etc. to name some. Nittodin is customer-centric marketplace with superb technologies and user experiences in form of highly personalization.

Secretes Behind the Success
Surveyors have noticed one more interesting thing, behind the success of these above described e-commerce stores. They have adopted highly secure payment gateways and payment methods, suitable to the tastes of Bangladeshi including Payza like big players. Thus, they respected the ultimate security related needs of Bangladeshi Internet shopping folks. Another factor was that they offer online shopping with home delivery and this is particularly true for online gift shops in Bangladesh.

Payza Bangladesh Provides Different Account Types for Sending and Receiving Money

Whether you wish to send or receive money online, accept payments for your sold products or services, or even managing businesses online, you need to have Payza account customized to meet your needs. Let’s check the account types and their benefits in e-transactions.

Bangladesh is a tiny country, but growing economy on the world map. Government, infrastructure, and Bangladeshis are growing mature over the time and trying to keep pace with advent of technologies. Today, Bangladesh has huge mass of migrant population outside the country that is fueling the native economy by sending money, work, and entrepreneurs in different modes.

Thus, the lifestyle of the average Bangladeshi is improving and modernization getting ways ahead. The ultimate side effect of this is in the growth of e-commerce and e-transfer activities using modern technologies and tools. Mobile and 3G/4G like communication forms have made Internet ubiquitous and easily accessible in the hands of poor to rich strata of society.

Role of Unique Payment Gateways

In wake of increased sending and receiving money interactions, Bangladesh needs customized and unique payment gateway solution providers who understand the goals of government and people by-and-large. Fortunately, Payza has taken bid to ease the sending and receiving money interactions of Bangladeshis online. In fact, Payza Bangladesh is integrating the latest and excellent payment gateway technologies in its offerings, exclusively for Bangladesh, time-to-time and going to offer different types of accounts with different sets of features and functionality.

Payza accounts allows users, who wish to do limited money exchanges in form of sending or receiving money across the world covering approx more than 190 countries. The Payza account types permit users to receive money with little fees in compared to other quality players and let them send money for zero fees. For non-residents Bangladeshis, nearly 21 currencies are available as options to send money in Bangladesh by converting them in Taka. Apart from these, these account types support various incentives and referral programs offered by Payza enabled merchants and other referrals.

Type #1: Personal Account
This account type is the most appropriate option for tech-savvy users. As, it lets them to sell/buy online, accept or make payments using credit/debit cards, users can send invoices to their customers if they use this account for business purposes, this account also let them to customize payment process, and send them instant notification on each interactions of either side. Of course, this type of account holders has to bear negligible or small amount of fees for sending and receiving money online or through e-transactions.

Type #2: Business Account
As its name suggests it is exclusively for businesses and enterprises, which have to manage one or more businesses and augment their brands using business names in all sorts of transactions. Therefore, this type of account gives all needed features and functionality for a reputed and intricate business whether doing e-commerce or working on Internet for multiple purposes. No doubt, Payza Bangladesh is recurring fees for such account worth the services it offers, but cheaper in compared to other players in the market for the same user experiences.

If you have any questions or comments, we invite you to share them with us by leaving a comment below or joining us on our Payza Facebook and Twitter pages.

Social Media & Online Shopping in Bangladesh

Bangladeshi entrepreneurs are facing many challenges while establishing their own independent online shopping websites. Against these, social media networking sites like Facebook offers cheaper and more viable alternatives for them. Thus, social media have boosted the online shopping trends in the Bangladesh at initial stage and now e-commerce stores are following the trends and establishing full-fledged stores.

In recent past, Bangladesh was a country of deprivation in terms of modern technologies and affluent lifestyles. It was blessed by its unstable political and scanty natural resources against the dense population.

After 2007, gradually scenario has changed due to penetrations of ICT, proliferation of mobility, and initiatives of government as well as some entrepreneurs. Now, Bangladeshis are enjoying broadband connections, mobile Internet access through 3G/4G technologies, Internet banking, credit/debit card payment, bKash, and Payza Bangladesh like secure payment gateways for local and international money transactions.

Role of Social Media – Facebook
Besides these advancements, popularity of Facebook in Bangladesh has added more advantages for online shoppers as well as online business entrepreneurs. Facebook has offered the cheapest alternative for the online shopping store startups and it was started with clothing items including traditional dresses like Salwar Kameez, Sari, etc. No doubt, there were women entrepreneurs at first place who were running home based boutiques.

Practical Examples
If you look at the practical examples, the first name comes is of Safwan Rizvi of Hardstyle Revolution brand, as she is enjoying approx 15K customer support through Facebook page initially and now through her own website. She has achieved such popularity within the shortest span of three years.

Another woman entrepreneur who had recognized the immense potential of Facebook pages was the owner of Style World, as she had started her journey from 2005 through Facebook, and had captured customers beyond the country borders. Therefore, you can find more than 600K likes on her Facebook fan page of her business Style World.

The story similar to it was that of Andeem, which is an established fashion brand in Banani enjoying its own flagship store. The Andeem was a brainchild of Eemam Ahmed and; Farah Deeba, which had started on the Facebook initially, and eventually turned in to the reputed brick as well as online shopping destination for Bangladeshis. Thus, Facebook is playing vital role in providing a feasible and viable platform for the female designer as well as other female entrepreneurs for quick and reliable exposure.

Reasons Behind
Social media or social networking sites like Facebook, Twitter, LinkedIn, etc. are providing different opportunities for businesses to augment their brand and create an online reputation through transparent communication with their potential audience/customers. For instance, creating Facebook business page cost nil against establishing a website or a physical store. Administrative or overhead cost of online venture through Facebook page is nothing unless you hire one or two fellows to manage the day-to-day affairs and SMO campaign.

Moreover, Facebook page bring transparency and live dialogue between the business and audience through freedom of expression, as anyone can express her experiences with brand and show likeness or dis-likeness through comments, Like button, or sharing the post placed on the Facebook account. Recently, Facebook has taken some initiations to provide payment and other options through its paid services using online and other standard payment methods.

Growth Factors of Online Shopping in Bangladesh

Establishing and running a physical store is becoming daunting in Bangladesh. Therefore, many entrepreneurs including women think of online shops due to emerging trends and ease in shopping, shipping, and payment through secure online payment gateways. There are other several factors contributing in the rapid growth of online shopping stores in Bangladesh.

If we look at the statistics of population in Bangladesh compared to its natural and other economic resources, we can find greatly skewed graph. In other words, high density in terms of population is hindering its growth for small to big businesses. Among them retailing businesses are affected the most.

Adverse Factors for Brick Store Growth in Bangladesh

One thing for brick-and-mortar store is true that they have to spend a lot on establishment of physical store. Moreover, selection of right location like place in good locality, parking facilities, easy access of main road, movement of highly prospective consumers, etc. are some vital factors that determine the sustaining or growth of the business.

At other hand, customers who are residing a bit away from the brick store may avoid commuting in heavy traffic of Bangladeshi cities. Moving from one store to another in order to select the right product and do some bargaining in costs may prove costly at the end if they spend more on fuel.

Factors Favoring Online Shopping in Bangladesh 

As we have seen that brick stores have hard time to flourish more in Bangladesh, online shopping has more favor against those odds. With the advent of technologies, establishing online store is quite cheaper while higher proliferation of mobile devices has made Internet access easy and instant.

Therefore, Bangladeshi online shoppers prefer purchasing from e-retailers many durable and shippable products like electronic gadgets, home appliances, personal assets such as clothing, jewelry, and other accessories. Today we can witness innumerable other products on small to big online stores or web portals due to growth of the online shopping trends in Bangladesh.

The most favorable factor for the growth of online shopping is the evolution in payment system. For instance, easy payment through M-banking, Internet banking, credit or debit card payment, bKash, cash on delivery, and various schemes offered by reputed payment gateway operators like Payza Bangladesh have not only encouraged Bangladeshis to do online shopping, but also made e-payment secure and smooth.

Due to involvement of government, banking sector, and reputed payment gateway entrepreneurs like Payza have changed the scenario of online shopping in Bangladesh and encouraged many women entrepreneurs to jump into the highly rewarding field on e-commerce.

One more factor is easy acceptance and transaction of international currencies through Payza Bangladesh like payment gateways have encouraged IT service providers to grow and add fuel in the growth of economy of the Bangladesh. Moreover, they have made online shopping storefront development highly competitive hence cheaper and with quality.

Finally, high penetration rate of social media like Facebook have encouraged start-ups, small businesses, and many enterprises to explore the unexploited audience through creation of Facebook fan pages and using its social networking services to boost the online shopping in Bangladesh.

Selection of Payment Gateway the Bangladeshi E-Commerce Dilemma

When web developers create e-commerce for Bangladesh, selection of payment gateway is always challenging due to unique scenario of e-commerce in Bangladesh. Recent moves of Payza Bangladesh have offered it an edge over other rivals even at local level for various modes of payment.

Generally, e-commerce web developers and e-commerce mobile app developers either are integrating payment gateways with what their competitors in that e-commerce niche has done or simply ask the client if it is B2B project. Very few e-commerce developers have inclination to go through extensive search process and find out the actual needs of targeted audience.

We have general perception regarding payment gateway functions such as:

•  Accept payment rapidly
•  Accept payment easily
•  Accept payment securely
•  Build trust carefully

These are common expectations from any standard payment gateways solution for any quality e-commerce storefront. However, deviations and additions are taking place when regional, cultural, social, and economic factors involve in the decision of payment gateways integration of the eCommerce stores.

For instance, PayPal is considered as number one global payment gateway solution across the globe, but its higher fees, over sensitivity for extra sale or loads, and excessive paper work in many instances are hindering factors for many regions of the world, particularly developing and locally protective policies implementing countries.

No doubt, Bangladesh is one of them and has unique, but valid expectations from any payment gateway operation for its citizens and within legal territory of the country. If we check features and functionality of a payment gateway suitable for Bangladeshi online shoppers or e-transactions, we can realize these facts obviously.

Unique Needs of Payment Gateways for Bangladesh

Affordable Fees:

As we know, the Bangladeshi currency Taka is very weak against dollar in international market and compared to neighboring countries like India. Thus, if any payment gateway counts its sign up, transaction, and other fees in dollar or Pound like strong currencies, it proves non-viable and non-feasible for such poor country or its citizens.

It is good if sign up fees incurred for large volume of transaction seekers and same for transaction fees when large volume of transactions taking place by big business houses or international players working from foreign countries. Thus, affordability is prime issue for lower to mid level of users in Bangladesh when the selection of payment gateway is in question. Fortunately, Payza Bangladesh is the cheapest payment gateways valid and available in Bangladesh without compromising the quality of services despite such competitive fee structure.

Ease and Convenience:

Payza is highly customized payment gateway solution for Bangladesh because it supports numerous currencies around the world and have presence in more than 190 countries of the world where possibilities of Bangladesh based business transactions or presence of NRB from Bangladesh are high.

The algorithm, user interface, and user experiences crafted on Payza Bangladesh is the most befitting solution for the Bangladeshis. In fact, Payza had run thorough research of Bangladeshi culture, behavior, and preferences prior to developed and unveiled Payza solutions so it can address exact needs of Bangladeshi online shoppers and other Internet communities.

Moreover, Payza Bangladesh has collaborated with leading banks of Bangladesh to execute OPGSP payment and BEFTN like services to meet local needs of online shopping community as well as locals to topple or withdraw money easily and in comprehensive ways. Therefore, Payza allows credit and debit cards, mobile, on service desk of banks and other multiple methods for its users to accomplish their tasks or needs easily, securely, and rapidly.

Trustworthy:
Payza obeys local rules of the country and support the law and its requirement by providing essential info to the government bodies on valid reasons or hiding the sensitive info of its users to protect their privacy. Thus, it has won hearts of all Bangladeshi folk within short span.

Online Shopping in Bangladesh Empowering Women

Online shopping trends have started a bit late in Bangladesh, but have begun with clothes like Salwar Kameez and saris of different home based boutiques ran by women entrepreneurs. However, the female contributors of online businesses come from all folks – teachers, doctors, students, homemakers, IT Professionals, designers, etc. and contribute in the growth of Bangladesh through their online ventures.

Bangladesh is 3rd world country with adverse economic conditions and under the influence of unstable political and social regimes even though the presence of democracy. Therefore, women in Bangladesh have the least privileges to grow freely compared to western developed world.

Growth of ICT
Fortunately, recent stability of democracy and will power of government has brought rays of hope in form of introduction of information and communication technologies (ICT). Internet and mobile usage are now becoming norms here gradually. Therefore, new areas of business opportunities are opening day-by-day and new generation entrepreneurs from outside the country as well as from within the country are gaining immense benefits. The most beneficial area by the growth of ICT is e-commerce and high proliferation of online shopping storefronts in Bangladesh is giving its solid evidences. Online shopping ease the life of an average citizen by reducing traveling time, reduction on traveling expenditure, and break the boundaries of locality through country wide or worldwide access of shopping options.

Ease in Payment
Recent intrusions of robust payment gateways like Payza Bangladesh have freed Bangladeshis from security related issues as well as money topping problems through its innovative schemes for online shoppers in Bangladesh. Moreover, growth of mobility has assured entrepreneurs to take easy and cost-effective approaches in their online shopping experiences.

Growth Cycle of Online Shopping in Bangladesh 
In Bangladesh initially, common commodities like clothes and electronic items have gained attention of online business entrepreneurs and among them women are pioneer. In the year of 2010 many housewives, working women, and some female students have taken forward steps to make e-clothe stores viable through ultimate online opportunities of social media emergence. Facebook has helped them to create web pages and provide trustworthy platform to begin.

They have begun with their traditional dresses including Salwar Kameez and empowered themselves to jump into the sea of e-commerce through their own e-commerce websites by offering secure and robust user experiences for online shoppers in Dhaka and rest of Bangladesh gradually. Now, banks, government agencies, and other foreign entrepreneurs from Bangladesh have extended helping hands to empower Bangladeshi women for e-retailing and establishing online marketplaces for all sorts of products including online dress shopping in Bangladesh, online t-shirt shopping in Bangladesh, buy shoes online in Bangladesh, etc.

In results of such efforts, many mega e-commerce stores has come into the picture such as Akhoni, Cell Bazar, ClickBD, Bikroy, etc. up to the 2013. Rapid digitalization across the private and government sectors, proliferation of mobiles, and influence of neighboring countries and their growth are some factors, which have increased the participation of women in various arenas including political, social, and economical as a whole.

These have boosted the empowerment of women, their families and overall community at the end. Therefore, today we are witnessing rapid growth of online shopping among the folks due to women working in the areas of teachers, doctors, students, homemakers, IT Professionals, designers, etc.

Influence of Customer Satisfaction and Usability on Internet Shopping in Bangladesh

Bangladesh is experiencing transition from traditional shopping to Internet shopping.

For any business, which wants to jump into the Internet shopping in Bangladesh has to face unique expectations of Bangladeshis and infusing usability aspects in web designing using the best technologies, practices, and following modern trends.These are sure ways to hit success.

Craze for Internet shopping in Bangladesh is spreading like wild fire due to improved scenario of information and communication technologies (ICT) and its network with the help of government as well as many entrepreneurs. Mobile and its technology growth are adding more fuel in the flame to put all fantasies of Internet in palms of the Bangladeshis at cheaper and affordable rates.

Moreover, Bangladesh government is seeing and selling dreams of digital Bangladesh by anchoring its majority of services on the Internet or intranet giving mobile accessibility as bonus. Some banks and private entrepreneurs like Payza Bangladesh are offering secure and super-fast payment gateway services along with multiple other Internet payment options. In sum, overall scenario seems glorious and hopeful to last for longer.

Meanwhile some researchers and agencies have taken initiatives to study the various factors influencing the growth of Internet shopping in Bangladesh. Among them customer satisfaction and usability have prime importance so I would like to spend some time of discussion on these two factors in this post.

Usability and Customer Satisfaction

Technically customer satisfaction is related directly with the ROI of the business because existing customer retention is cheaper against acquiring new one and customer retention comes only through customer satisfaction. Business can satisfy its customers only through addressing their expectations, through perceived value of the company, and branding of the company.

At other hand customer expectations are directly linked with the quality of products/services and support provided by the company. In present study, it has found that customer satisfaction in Bangladesh depends upon some independent variables like:

• Variety of Product: For traditional shopping, moving everywhere finding variety of products is tough for Bangladeshis due to various factors like product availability, spending on fuel, and time consumed on traveling. Thus, internet shopping in Bangladesh is gaining ground to access numbers of variations in the products and qualities of the products.

• Product Information: Bangladeshis like to know products thoroughly as they don’t have physical access of product. Therefore, providing them detailed information regarding product quality, after sale services, and prices matters more than anything else does. They also prefer to discuss on the social media or like to see reviews of product elsewhere on authority sites.

•  Cheap Price: Comparative shopping is natural tendency in Bangladeshis too. Therefore, offering some cheaper rates can lead business to win battle at first place, but for long run cheap prices must be associated with good quality or services for sake of customer loyalty.

• Security: This issue is more skeptical for the Bangladeshis due to social and political backwardness of the society. However, recent initiatives of government, banks, and some scrappy entrepreneurs like Payza Bangladesh to offer secure payment gateways and payment options suitable to the country, its people, and nature of the businesses prevailing.

•  Comfort: Internet shopping itself offers home/office/on-the-go comforts of shopping, but user experiences, shipping/delivery, and payment options provide utmost comfort or satisfactions to the customers. Fortunately, many have learnt these lessons in recent past and are implementing the latest web and mobile development technologies to offer greater degree of comfort to their Internet shoppers.

• Time: In recent fast-paced life style, none has enough time to go out for physical store shopping. This is very true for Bangladeshis too, for new generation in particular. Thus, Internet shopping is gaining ground rapidly in Bangladesh.

• Energy Consumption: Internet shopping save time as well as personal energies of shoppers that is spent moving outside and at far distances.

• Travel Necessity: In fact, Internet shopping in Bangladesh is more prolific in urban areas compared to rural areas. The reason behind is traffic jams in the cities and e-commerce elements that factor inherently. Thus, home delivery is gaining ground in Bangladesh for this very reason to save time, fuel, and health by just avoiding jam and its polluted environment.

Technically usability of Internet shopping is directly related to the online shopping outlets or e-commerce web portals. Therefore, the quality of e-commerce websites or mobile apps is affecting the usability. Fortunately, today Bangladesh is one of the leading outsourcing software development services provider countries. Thus, by taking advantages of the talented pools, businesses are offering excellent quality, user experiences, and usability features and functionality on their online identities as well as on mobile apps for their businesses.

Ways to Boost Online Shopping in Bangladesh

Just overcoming the infrastructural problem is not key to successful e-commerce development, but real secrete lies in the creation of conductive environment that enable and encourage customers to do online shopping and Bangladesh now needs it. Let’s see what we can do to boost the purchase intentions of the people of Bangladesh regarding to online shopping including offering outstanding payment options.

It is true that Bangladesh has set back in e-commerce march with advent of technologies due to its political and socioeconomic turmoil in the past. Now, government and people of Bangladesh are trying to link country with rest of digital world through development of supporting framework for online shoppers and other Internet based activities such as secure money transactions.

However, investing and trying to create good infrastructure for online shopping in Bangladesh is not only one key of success. In fact, we need something more than that to populate e-commerce culture in this country. Among the many factors that influence the culture of online shopping in Bangladesh, creating a thirst or say, developing customer purchase intention is the major one. Let’s check what can assist businesses or organizations to boost the online shopping intentions among the people of Bangladesh.

Geography and Demography of Target Audience

It has observed that young, educated, and only high income groups take part in online shopping or Internet related activities. No doubt, some retired officers and high income middle aged people use e-commerce, but their numbers are limited. These groups of people mostly located in the urban areas of Bangladesh.
Therefore, it is mandatory to make Internet affordable and accessible across the country so middle class people of society can afford it. No doubt, recent mobile or handheld devices craze has opened new fronts to access Internet in the remote and rural areas through 2G/3G as well as other mode of cellular connections.

Attitudes of Target Audience/Customers

Researchers have found that certain attitudes influence the intentions of the people towards e-commerce and e-transactions and they are:

•  Benefits/advantages
• Consequences/ensues
• Privacy
• Security
• Willingness of Interactions

Unstable socioeconomic and political conditions have created lots of distrusts among the people and money transactions need the high security guarantees. No doubt, many residents, and non-resident Bangladeshi entrepreneurs have good work in this regard and offered dependable and long-term solutions.

Social Support
Here role of social culture, government, and media is critical. If they all work in positive directions and create highly conductive environment for the online shoppers, everything can turn in to the favor of vast e-commerce business opportunities for present and future generations.

Legal Support
It is true that hackers, mischievous people, and anti-social elements are prevailing in every society and in each country. Therefore, adequate laws and implementation infrastructure are essential to offer secure environment for online shopping activities in Bangladesh. Fortunately, recent moves of government and interests of businesses have pushed the matter in right directions and in right dimensions.

IT Supports
March of Internet related technologies are in rapid pace across the world. People are adapting and used to smartphones, tablets, and even wearable devices besides traditional laptops/desktops for their Internet related needs. If support of IT software and hardware is adequate in terms of creating quality products at affordable rates, the market of online shopping in Bangladesh can be flourishing at amazing pace.

RESOURCE

If we look at the people of Bangladesh, we may find that there are lots of efforts need to be done by businesses and entrepreneurs besides the government agencies in this regard. If we look at the above given factors, we will find that security is the prime concern of the customers or Internet users in Bangladesh. This article offer different suggestions on the ways to boost online shopping in Bangladesh therefore, this article may give you useful insights for further work in this regard.

Supporting Framework for Online Shopping in Bangladesh

Online shopping can only flourish in the presence of solid supporting frameworks and adaptability of the people. In Bangladesh, infrastructure development for e-commerce had slow pace in the past, but recent moves of the government and awareness of people have made rapid changes. New generation entrepreneurs have fueled the changes by introducing various e-payment mechanisms with desired security and robust experiences. Let’s go through the past and recent developments.

Today the reach of Internet seems rapid due to proliferated use of handheld and wearable devices. Smartphones and tablets have made Internet ubiquitous and accessible round the clock from anywhere. Therefore, various commercial activities taking place on the handheld devices and the most beneficial segment is e-commerce.

Unfortunately, the fruits of these tech advancements are not dispersed equally in the rest of the world. Bangladesh is one of the countries, which lagged behind in the tech race, due to its adverse political and social situations. Telecommunication and Internet technologies are backbones of e-commerce development in any country and Bangladesh has slow pace of development in this regard. Therefore, Internet access is uneven and limited to specific regions as well as up to specific segments of society.

Deficiencies of Infrastructure

There are visible deficiencies of infrastructural support framework in forms of :

• Poor electricity network resulting into poor supply
• Low affordability of online shopping components such as Internet affordability, computing devices’ affordability, and handheld devices affordability have restricted its reach up to affluent class of the society
• Low literacy level also affecting the usage of Internet and acceptability of online shopping in Bangladesh 

Online Purchase Framework

 It is true that the proliferation of online shopping and online money transaction activities greatly depending on the online purchase framework and the ultimate components of this framework are:

• Purchase Intentions
• Purchase Adaptation
• Purchase Continuance 

These purchase related factors have direct relationships with the behavior and several characteristics such as:

• Consumer Characteristics: Their life style, motivation, knowledge, innovativeness, involvement, demographics, etc.
• Product/ Service Characteristics: The product knowledge, product type, layout, frequency of purchase, tangibility, differentiation, price etc.
• Medium Characteristics: web design, navigation, ease of use, interface usefulness, reliability, security, etc.
• Merchant and Intermediary Characteristics: Service quality, privacy and security control, brand reputation, delivery /logistics, after sale service, incentive, etc.
• Environmental Influences: The culture, subjective norm, exposure, attention, image, etc.

If you closely look at these characteristics, you will find that many of them are at backward conditions or lacking at all and its reasons are obvious:

• Poor national level public key infrastructure
• Distrust regarding to secure e-transactions whether in local or international currencies
• Social and technical challenges
• Lack of legal framework to support

Recent Progress in Bangladesh
Fortunately, in recent past, government and many entrepreneurs within Bangladesh or from foreign countries who have taken deeper interest in the development of online shopping framework in Bangladesh, By being Bangladeshi (citizens/origins) these entrepreneurs have brought some progressive changes by influencing government policies, investing in e-commerce and allied sectors, and changing the mind set of people by-and-large.

For instance, medium characteristics and merchant or intermediary characteristics as mentioned above are contextual and you can see some through changes. Today software developer community of Bangladesh is competing with its neighboring rivals like India and Pakistan at outsourcing fronts. Thus, they are indirectly improving the quality of above mentioned components of supporting framework for e-commerce development. Same way, trusted payment gateway providers are helping not only national level e-transactions, but also improving the user experiences of Foreign exchanges coming from various sources.

If political stability persists and tendency of people improving regarding to online shopping in Bangladesh, days are not far away that shine the overall economy of Bangladesh and lifestyle of the people.

RESOURCE

This article focus on the supporting framework for online shopping in Bangladesh that will give useful insights to web developers as well as entrepreneurs venturing in to e-commerce niche.

Technical Aspects of Online Shops in Bangladesh

Online shops designing and development technologies targeting smartphones and now wearable devices in advanced countries, but their penetrations in Bangladesh like developing countries are still limited and need revisits on existing technologies itself. Let’s go through the contemporary technologies used in the development of online shops in Bangladesh and their future.

Our expectations over contemporary modern Bangladesh e-commerce development may seem overwhelming. However, present awareness of people, interests of government, and efforts of entrepreneurs have changed entire scenario. No doubt, B2B have bright future due to exports with foreign countries of the rest of the world. In fact, B2G has the highest share, as government is the biggest buyers of the goods and services using online roots and people take benefits of it in return.

Technical Aspects of the growth of the online shops in Bangladesh

Now, we have clear picture of the target audiences and path of growth of e-commerce storefronts in Bangladesh. If we are going to explore the technical aspects involved in the e-commerce growth at present, we may find following things.

• Server Technologies is growing, but at slow pace, due to challenges of modern changes in hardware as well as software in this niche

• Connectivity is improving at good rate because of introduction of 2G/3G technologies for the mobile and other users. This improvement has reduced the burden over cable network and forced services providers to be competitive without declining quality further

• Designing and development technologies are at the fastest pace because outsourcing industry is observing phenomenal growth. Entrepreneurs have enough options for the selection of programming language, OS platforms, responsive designing, and money transaction facilities or payment methods/payment gateways

Programming and Databases Management

 Affordability is the main detrimental factor for the spread of e-commerce or Bangladeshi online shopping websites, open source is the ultimate solution for that and PHP is obvious one. Initially majority of online storefronts in Bangladesh have adapted primitive PHP open source software like OsCommerce, X-cart, Zen Cart, etc. At present, we can see introduction of BigCommerce, WooCommerce, VirtueMart, and mainly Magento changing the landscape of online stores for B2B, B2C, and B2G sectors alike.

At Present:

• Majority of online shops in BD are responsive and offering advanced features as well as functionality for perfect e-commerce experiences. 

• Advance search, quick and secure check out, reliable payment methods, personalization, and superb database management for small to big data is promising traits of the present e-commerce websites or web portals in the BD. 

• Adaptation and implementation of modern encryption technologies have made e-transactions secure and safe at all levels.

RESOURCE

At present B2C ecommerce is taking off and hitting new targets rapidly despite its slow growth in the past. This article will give you useful insights on the recent progress of IT software development technologies for the online shops in Bangladesh

Online Shopping In Bangladesh—Path from Dark Past to Shining Future

In world history, communication technologies have advanced the life of human race in many aspects, and its influences are continuing until today. Unfortunately, Bangladesh had started lately in compared to rest of the world. The scenario of Internet usage and online shopping in Bangladesh was grim before a decade. However, recent moves of government and entrepreneurs have shaded rays of hopes in new generations for a bright future. Let’s take a review that what happened and what will be in next days.

Origin of the Bangladesh and its political history has granted it poor and backward status in compared to its ultimate neighbors. Low literacy rate and adverse social profiles have hastened its march to bright future significantly. Lack of essential infrastructure is apparent in Bangladesh since its inception. Information and communication technology sector is suffering heavily since the beginning. However, in May 2006, a ray of hope emerged when Bangladesh was connected with submarine cable for Internet.

Despite such opportunity, social and economical condition of Bangladesh was not in favor of advance Internet usage due to lack of network and related technologies like high quality modem and 3G networks for mobiles. User profiles were restricted up to affluent class of people. People of higher qualifications and profiles were surfing net regularly so chances of proliferation of online shopping in Bangladesh were deemed until the 2010.

Changes Begun

Afterwards, political will-power and attitudes had changed and government, under the pressures of sizable neo-generation entrepreneurs, have taken steps to developed Information and Communication Technology infrastructure, begun strategy debates, and invested heavily in due course. The maturity of citizens and political stability has infused great will power in to the improvements of the conditions of online shopping in Bangladesh.

Role of NRBD

At present, sizable portion of literate people living abroad and spending the big part of their fortunes to literate their relatives and people of next generation. Their dreams are to simulate lifestyle of the western countries at some extent. Thus, e-commerce storefronts are mushrooming rapidly on the horizon of the web of the Bangladesh. No doubt, there are not robust and secure online shopping experiences exist in compared to its western counterparts, but initiation is there.

 Present Scenario of Online Shopping in Bangladesh

The present scenario of e-commerce is favoring online shopping of essential commodities and fashion apparels greatly. Therefore, online dress shopping, online T-shirt shopping, and buying shoes online are trendy activities of e-commerce shoppers. Of course, trust and security level for online shoppers are a bit low so online shopping by home delivery and online shopping by cash on delivery are favorite mode of payments in Bangladesh.

Online Payment in Bangladesh

Surely, credit/debit card payments and net banking options exist in the e-commerce world of Bangladesh, but usage are limited. The same scenario is blinking for the online money transfer service from the foreign countries and vice verso. Fortunately, some entrepreneurs from Bangladesh and its non-resident citizens have initiate some highly trustful and secure payment gateways and online money transfer portals of offer viable and feasible options for the online shopping and money transfer growth.

No doubt, past and present government agencies have supported such movements from entrepreneurs and encouraged them for secure online money exchange activities. It is noteworthy that Bangladesh is not supporting crypto-currency exchanges due to threats from extremists’ activities, but has trust on reliable 3^rd party payment gateways providers because they can furnish critical data when demanded in extreme situations to the nodal government agencies, but protect data from the miscreants and hackers.

 

RESOURCE

This article focuses on the situations of the online shopping in Bangladesh and have torched the scenario from past to present. Such insights not only help people used to do online shopping or currency conversions, but also the e-commerce development community.

 

Payza Bangladesh—PayPal Alternative in Bangladesh

At one hand, credit/debit cards are facing security threats everywhere and they are more pronounced in Bangladesh like country. At other hand, Bangladesh can’t allow cryptocurrency and other international payment methods where tracing where about of senders or sometime receivers are not available for security agencies. Thus, Payza is the fittest solution for the Bangladeshis and simulate the services of PayPal indeed!

Bangladesh is densely populated country, if we calculate population density per sq. km. Fortunately it has average age of 23 and its scrappy young generation heading towards rapid socioeconomic changes along with political ambiance. Awareness, education, and influence of entrepreneurs within and outside the country are bringing rapid changes in the lifestyle and the ways people think and behave.

Brick and mortar businesses are now converting to brick-to-click and e-commerce ventures by recognizing the upcoming trends and mood of Bangladeshis. Invasion of mobile Internet has made easy to go online and perform the desired online shopping from anywhere and at any time. Now, just tell me who would like to go outside to deal with traffic mesh and burn fuel albeit with wasting valuable time in moving shop-to-shop.

Obstacles in the Way

However, Internet shopping in Bangladesh is not quite easy, as it seems, literally in other countries particularly in western counterparts. In USA, you can use PayPal like payment gateways freely and securely whether you are a US citizen or not. Unfortunately, it is not true in Bangladesh because PayPal and others do willingly not exist in the economy. Bangladesh is highly sensitive and protective economy in Asia. Therefore, it avoids international players who become cause of dollar drains, instruments of terrorism, and adverse in the interests of the country at this stage.

Another reason is mindset of Bangladeshis who believe that each entrepreneur invests only for sake of fatty profits and they hardly place trusts on other money transfer or payment methods. For these very reasons, payment on delivery and brick-to-click like models resume much. Other factors such as opening merchant account and payment gateway account for a business or buyer is tedious to do.

Unique Nature and Condition of Bangladesh

At other hand, Bangladeshis love to do quick online shopping instead of waiting for long in traffic mesh. They love to have simple payment process even they don’t have permanent bank account. The demand for such extreme level simplicities without missing security concern of bank, people, and government was challenging to translate in solid reality.

Role of Payza Bangladesh

Fortunately, Payza Bangladesh has taken bid to create bespoken solutions for Bangladesh in its own circumstances. What Payza Bangladesh has done? It has implemented e-wallet concept where anyone can create account with Payza Bangladesh, simply by visiting a teller in bank or registering online by filling essential info and identity/authentication. You would have multiple options to topple money in your account in bank or online. 

Now, you are ready to do online shopping, transfer money to your relatives/friends, or withdraw money coming from others. If you have cryptocurrency and you want to covert it in Taka (local money), you can take help of Payza Bangladesh with minimum charges. In fact, this e-wallet concept absolutely eliminates the merchant account from the default online payment system and you have to just deal with a reputable international payment service provider in your local Bangladeshi environment with your own ways.

Bangladeshi PayPal

Payza Bangladesh is feasible solution for the exporter, non-residential Bangladeshis, and offshore service providers like software designers, developers, Internet marketers, and many. Perhaps, Payza Bangladesh is highly sought after solution for the outsourcing industry, which desperately needs Bangladeshi PayPal in absence of real PayPal.