Sending Money in Bangladesh Was Painful Once Not Now

Bangladesh came into existence after it's division from India earlier and later from Pakistan. The country has many stories of migrating folks who still migrate for the sake of money since then. Few years back, sending or receiving money to and from Bangladesh was daunting and painful experience, but Payza Bangladesh has changed the scenario today.

Initially Bangladesh was an eastern part of Pakistan, which came into existence due to the partition phenomenon of Indian peninsula. Bangladesh has been through troubles and suffering from social, political, economic, and educational problems ever since its origin.

Partition Phenomena
The first partition from India was indeed the series of painful experiences because the majority of people came in Bangladesh were from Bengal race, so Bengali became their national language while remaining Urdu speakers who came from rests of neighboring states of India fall at minority in Bangladesh at ethical and cultural level. Therefore, this minority community has strong ties with their relatives in India and some in Pakistan who came into picture after second partition of Bangladesh. The real threads of the ties were financial, wedding, family links, religious and cultural links for essential practices like burial and some were pure but strong emotional bonds as human beings.

Painful Sending and Receiving Money
These immigration ties were demanding frequent travel and money exchanges between the people of these two to three nations. In the olden days, sending or receiving money was uneasy and unsecured because, the carrier and the trust factors were in question. The recent new generations of Bangladeshis had begun migration to the western and other countries of the world for the sake of better opportunities and life.This has worsened issues related to money transactions further by adding currency and distance factors in it.

If you have heard horrendous stories of the pain of sending and receiving money from the elder immigrant folk of Bangladesh, you probably would have realized the importance of the one-click solution in the form of payment gateways on Internet thoroughly. According to the old folks, officials had created a lot of hassle in sending and receiving money. Sometimes they have to pay bribe to the border security guards for the cover or carrier crossing the borders frequently in due course of money transactions.

Gradual Improvements
Gradually, other means of money transfer came to the surface and eased the lives of many Bangladeshi folks who are dispersed across the globe and want to keep their ties intact with their Bangladeshi relatives or counterparts. Recently, the government of Bangladesh allowed Payza Bangladesh as official payment gateway, which will work on the accepted terms and respect the laws of country and most importantly, for the betterment of Bangladeshis by-and-large.

Payza Changing the Scenario
Payza has put an excellent service called, SimplySendBD as low cost, convenient, and fast online money transaction facilities where people of Bangladesh and immigrant folks can receive or send their money in a highly cost-effective way rapidly yet securely. Payza Bangladesh has tied knots with local banks of Bangladesh for easy local bank account access and money topping facilities for online shopping in Bangladesh as well as sending and receiving money from and through Bangladesh at the lowest remittance fees.

The ease through e-transaction has boosted the outsourcing and export sectors to grow and perform secure and conductive financial environment that was a nightmare once in the same country and for the same people of the 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.  

Bangladeshi Businesses Favors Buy Button of Facebook Commerce

Facebook has devised and tested Buy button for all levels of businesses. Its success is in favor of small to medium businesses of Bangladesh because they are heavily relying on Facebook for traffic and reputation. Moreover, lean approaches of Facebook to integrate and to let people select the payment gateway of their tastes and choices may prove a boon in Bangladesh as Payza Bangladesh is obvious choice of people for safe and secure transactions.

Great Aspirations of Facebook
Since the beginning, Facebook is eyeing on e-commerce activities comingled in its social media environment. Therefore, initially it had introduced virtual money in various games, but responses were not good. Now, it has followed the experiment of Twitter and introduced a ‘Buy’ button in its ads, chats, and post pages to purchase products or services directly without re-routing on any website or mobile app of the particular business.

Its beta testing is indicating desired success and shoppers are reluctant to use new approach of Facebook towards e-commerce. Fundamentally, Facebook has potential to become an e-commerce giant against its ultimate rivals like e-bay, Amazon, Google, Apple, etc. but in a bit different way and manner. Whatever are the aspirations of Facebook by entering in e-commerce arena, one thing is sure that Bangladeshi businesses are in win-win situations.

Importance of Facebook Commerce in Bangladesh
Before citing anything about Facebook commerce, let me tell you how Facebook had played vital role in the growth of online shopping in Bangladesh. Initially, very few entrepreneurs and brick stores have courage to enter in online shopping opportunities. They have selected Facebook for their online media and won hearts of millions through effective presentation of products/services and after sale support.

No doubt, until today Facebook is a choice for online shopping outlet development in Bangladesh, as it is low cost investment for online shopping identity for Bangladeshi businesses of small to large scale. Facebook has enormous number of users in Bangladesh and numbers are still rising at rocket speed.

Mobile proliferation and easy Internet access had poured more fuel in growth of Facebook commerce. Almost all major to minor brands have Facebook presence in form of Facebook fan pages or commerce pages. Businesses are in race to win more likes, share, and getting good reviews of their commercial adventures.

Conductive Environment for Facebook Commerce in Bangladesh
These all have created a conductive environment for Bangladeshi businesses to use Buy button explicitly. Brands have earned great trust of its patrons and potential consumers upfront. They now need ‘Buy’ button like conversion agent to hit their conversion goals with the shortest loop of buying process for online shoppers in Bangladesh.

Moreover, Facebook allows online shoppers to select payment methods and payment gateway of their choice as well as express their willingness to share their private data with Facebook for future checkouts. These lean approaches of Facebook have placed ease for shoppers to go with their favorite Bangladesh payment gateway provider like Payza Bangladesh.

Payza is not only offering the cheapest alternative for e-transactions, but it also is ensuring high security and safety for its users. Thus, Bangladeshi businesses are more reluctant to use Facebook commerce and ‘Buy’ button like initiatives willingly.

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.

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.

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.

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 Shops in Bangladesh—An Emerging Business Sector

After prolonged sufferings, Bangladesh is observing phenomenal growths in e-commerce and related activities on commercial fronts. Changing mind sets and advent of technologies have changed the scenario of overall economy and lifestyles of common man. At present many online shops in Bangladesh are performing excellently and serving people in great ways. Let’s check how and what they are doing.

In past, Bangladeshi economy was performing the worst due to high inflation rate, mindset of Bangladeshi towards startup entrepreneurs, high interest rates, and lack of platform for entrepreneurs to address their issues. However, recent moves from government and awareness of globalization among the new generation and affluent society of Bangladesh have given birth of many unique and modern businesses and uplift of economy by-and-large.

Governments in recent past have initiated many schemes to establish modern IT infrastructure and Internet framework along with technological advancement in telecommunication including 2G/3G network for smart handheld devices. At other hand technologies became cheaper and affordable despite desirable improvements. These have made good recipe for entrepreneurs to invest and get some fortunes from it. Many residential and non-residential Bangladeshi have invested in various sectors of economy and technologies. However, the significant growth was observed in e-commerce or online shops in compared to other emerging fields.

                                                                   

Reasons behind the Raise of Online Shops in Bangladesh

Just like other society of the word, economic growth in Bangladesh has changed the lifestyles of the Bangladeshi. Therefore, you will observe the scarcity of time, rush of commuters, increase in urbanization, frequent shutdowns due to political unrest, and thirst for more in modern Bangladesh. This has led people to take shortcuts and help of modern communication technologies to grease their day-to-day chores. 

Proliferation of smart mobile devices has brought everything on their fingertips/mouse tips and online shopping in Bangladesh is becoming trendy. People love infinite search options, comparative shopping options, home delivery or click to brick type shopping, and most importantly personalization on e-commerce portals along with personalized incentives.

Current Online Shops in Bangladesh

For instance, high turnover of ClickBD is indicating love of Bangladeshi for online trades and shopping. CellBazar has grabbed wide sects of Bangladeshi society and covered urban as well as rural areas in these days. Numbers of products and services listed on CellBazar makes it the biggest e-commerce portal in Bangladesh. 

Besides simple B2C ecommerce portals, Bangladesh has variety of other e-commerce web presence like Akhoni, Bikroy and BD Giftshop online market places where you can get daily deals and other discounted deals for range of other brick and online stores just like Groupon in Australia and other western counterparts.

We can’t underestimate the contributions of entrepreneurs who have made online shopping and its payment or money transaction safe and secure, like Payza has done recently. Thus, cumulative approaches have changed the scenario of Bangladeshi society by introduction of online shopping stores and other Internet related activities. 

RESOURCE

No doubt, government and its agencies are working as the biggest contributors in form of B2G e-commerce and help in the boost of online shopping awareness among the people who approaches the government services and want better results. This article focuses on the evaluation of past and present scenario for 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 - Makes You Save on Sending Money Anywhere

Payza Bangladesh has introduced quite simple yet powerful services under the feature of instantly send money to your loved ones with the least charges existing on the planet for such services. This also breaks the myth of digital divide through technological advancements.
‘SimplySendBD’ where you can

Role of Mobiles

The recent onset of mobile devices usage among all the strata of the society including Bangladeshis, have raised the hopes of some feasible solutions using mobile network. Except smartphones, most of the mobiles are affordable and easy to use for the low-literate Bangladeshis. Initially, it was considered as the dividing technologies for poor and rich. Unfortunately, reverse became true and mobile have filled up the gaps.

Today M-Banking is gaining ground in third world country and easy access of Internet through mobile devices have created a place for big payment gateways to enter in these low-strata population of society easily. Just as Indian government has done in Andhra state, Bangladesh is going to implement its G2P payment system using the modern tools and technologies including mobiles and G3 connectivity.

Cost-Effective Sending Money Options

Fortunately, some entrepreneurs have initiated wise and advanced steps towards this direction and Payza Bangladesh is a front-runner. Payza has made sending and receiving money cheaper and quick through SimplySendBD because you don't need to spend more than 2% or $10 even if you want to send $2K. Apart from cost-effectiveness, easy topping options and quick delivery through various modes including cash pickup and home delivery. In due course, Payza Bangladesh has established 5K retail locations across the country.

Inexpensive and convenient remittance options have made receiving of huge aids like $1.4 billion from developed countries quite easily and affordable. This is a significant improvement in alleviating poverty program. Besides foreign aids, migrant Bangladeshis send approx $11.65 billion money to their home county in one year.

These SimplySendBD and e-wallet like features/schemes of Payza Bangladesh is one of the welcome steps towards empowering this emerging economy. Thus, Payza Bangladesh has created conductive environment for the e-commerce in Bangladesh where anyone can pay, send, and receive money at the comfort of their home and within the shortest laps of time.