NPS Leads Bangladesh towards Payment Gateway Solutions

With formation of National Payment Switch (NPS) before a year or two, banks and Payza Bangladesh have taken right steps towards the payment gateway solutions for export and outsourcing industries of Bangladesh.

Moreover, Payza Bangladesh has served online businesses looking for bespoken payment solutions in the Bangladeshi environment in beautiful and cost-effective ways.

Before a year or two, banks in Bangladesh had unveiled National Payment Switch (NPS) platform in order to bring debit and credit card payments in mainstream and merge other payment options in a single route. Thus, Bangladeshi users can topple their bank accounts, M-Commerce accounts, etc. through multiple ways.

Similarly, citizens in Bangladesh can withdraw same money using their debit or credit cards in ATM or can pay money online against the option of Internet transfer or say e-transfer for online shopping payment in Bangladesh as well as anywhere across the world with valid permissions/accounts.

Ultimate Benefits

Under NPS network, transaction cost would be negligible against the charges incurred by Visa, Amex, or Master card networks. This is the most wanted demand of relatively poor Bangladeshis since long. For them NPS are a blessing where they are secure, law abided, yet the cheapest at transaction fees, incurred by national and international rival services.

In the beginning only three banks, Dutch-Bangla, Pubali and Southeast Bank, were participated. However, as soon as Payza Bangladesh has declared its role in this network, other banks rushed and joined network to expand the reach. The ultimate benefits of NPS to government are easy access of funds, increase in tax revenue through transparency, and increased money flow in Bangladeshi economy.

Role of Payza Bangladesh

Payza is loaded with outstanding ‘payment gateway solution’ tools such as

•  Currency exchange
•  Fraud screening
•  Dispute resolutions
•  Global payouts
•  Disbursements
•  E-wallet
•  Virtual terminal
•  Recurring billing
•  eCheck processing 

At one hand, toppling the money through physical ways is quite easy, as you need to open online account and deposit money through bank desks in your nearby valid banks. You will have instant access of money without passing through daunting bank account opening procedure even in any unknown territory of Bangladesh.

At other hand, you can use these deposited money for any purpose of payment using M-Commerce, e-commerce, or S-commerce routes. In the same way, you can receive payment in foreign currency from foreign countries with the least charges offered by open market and in quick as well as secure ways.

Therefore, such excellent services of Payza Bangladesh have added fuel in the growth of outsourcing industry flourishing in Bangladesh and export house exploring unknown regions and market across the world.

Moreover, Payza has collaborated with the most of the leading banks of Bangladesh like Bank Asia to execute OPGSP payment and used Bangladesh Electronic Funds Transfer Network (BEFTN) facilities organized by the Bangladesh Bank- sectors in order to ease the lives of numerous freelancers and IT outsourcing companies to work with any client coming from any country of the world. As Payza has made possible to accept payments in any currency, as it offers the wide range of currency support and has presence in more than 190 countries of the planet Earth.