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.”
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.
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By GlobalData