The24/ 7 real-time payment services will bring further energy to the thriving freelancing sector and accelerate the inflow of remittance through legal channels to the country.
Payoneer, a US- predicated commerce technology company powering payments and growth for the new global frugality; Brac Bank, a leading private corporate bank of Bangladesh; and bKash, Bangladesh's largest mobile financial services provider conjointly launched the service through a virtual event moment.
Zunaid Ahmed Palak, state minister for Information and Communication Technology (ICT), inaugurated the service as the principal guest. Russell T Ahmed, chairman of BASIS; Rohit Kulkarni, regional senior vice president of Payoneer and Robert Clarkson, principal profit officer of Payoneer; Selim RF Hussain, managing director & CEO of BRAC Bank and Kamal Quadir, principal administrative officer of bKash along with senior officials of respective associations also joined the event.
Bangladesh is one of the top income-generating sources from freelancing in the world. As per the Oxford Internet Institute's Online Labor Index, Bangladesh is a global hustler when it comes to ICT freelancing services. Hundreds of thousands of Bangladeshi freelancers are presently giving services in this sector worldwide. They are adding hundreds of millions of dollars a time in foreign exchange to the country's frugality.
With this new service accommodated for original freelancers, bKash guests will be suitable to painlessly register a new Payoneer account or link their subsisting account from the' Remittance' icon of the bKash app. Formerly linked, freelancers can check their Payoneer account balance, and incontinently bring their payments to their bKash accounts. These resources can be used for any purpose including transferring Money to other bKash accounts,' Pay Bill',' Payment'of shopping,' Cash Out', etc. Freelancers from every corner of the country no longer need to hold on to receive remittance payments, addressing a vital challenge to growth for these workers.
BRAC Bank will play a vital part in this service as the foreign currency administration and international fund agreement bank.
On the occasion of this launch, guests taking the top quantity of payment each day will be given a mobile phone starting from February 10-16, 2022. A client can admit this prize only formerly during the crusade. To be eligible, the amount of money coming from Payoneer to the bKash account should be further than BDT in one or further deals. The prizes will be handed over to the winners at the end of the campaign. In addition, bKash is offering 2 instant cashback on every Payoneer sale from February 10 to March 10, 2022.
Zunaid Ahmed Palak said, "I would like to thank bKash, Payoneer, and BRAC Bank for making the process briskly and secured for the freelancers". He also said," experienced human finances are our topmost strength. Around freelancers of the country have been contributing 16 percent to the world's online outsourcing. According to a study by Oxford Internet Institute, Bangladesh is the second-largest destination for online outsourcing. During last 13 times, 2 million youthful technology-based employment have been created with various ambition and policies of the government, and we are working for further expansion."
"Bangladesh is a vital growth market for Payoneer globally," added Robert Clarkson."We have always believed in the implausible potentiality of Bangladeshi entrepreneurs and this partnership with bKash highlights our commitment to invest in and give stylish answers for our original guests. Our operation is to be a consort of growth for digital businesses of all sizes, from all corners of the world. We are thrilled to team up with local leaders like bKash and BRAC Bank to empower Bangladeshi freelancers to expand their profitable opportunities."
Selim RF Hussain said, "We are pleased to be a partner of bKash and Payoneer in bringing earnings of the freelancers directly and incontinently to bKash account. This service will give comfort and convenience to the freelancing professionals and enhance remittance inflow to the country in the legal channel. Together we can play an enabling part in making Bangladesh a global freelancing center and boost foreign exchange earnings.". There are around6.5 lakh freelancers in the country.
Kamal Quadir added, "Riding on the expanding digital configuration of Bangladesh, there is ample chance to take the country's freelancing sector to a stronger position in the global market. The easy system of getting payments in their bKash accounts through a regulated process will take off one of the crucial pain points of freelancers, which is to accessibly take payment from their clients. This will surely encourage farther people to start freelancing as well as help the existing ones dedicate farther moment and attention to their tasks."