View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Dashboards
  2. Deals
September 25, 2012updated 04 Apr 2017 4:13pm

Payza grows in Bangladesh

Online payments platform Payza has reached 250,000 Bangladeshi membersafter launching operations in the country as the first online payment services providerlast February.

By Chiara Francavilla

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International