Online payments platform Payza has reached 250,000 Bangladeshi members after launching operations in the country as the first online payment services provider last February.
The central bank, Bangladesh Bank, has raised the receiving limit for international transfers from USD500 to USD2,000 per transaction.
Payza said the increase will benefit the growing number of Bangladeshi working as freelance IT specialists for foreign companies.
Payza chief executive Alastair Graham said: “The Government of Bangladesh is seeking methods with which to facilitate the growth of the country’s freelance IT sector internationally. We have an important role to play in providing international payments services to this booming sector.”
Related
In January 2012, Payza’s competitor PayPal announced its intention to start operations in Bangladesh in September 2012. Bangladesh and Pakistan are two of the few countries where PayPal is not available.
