Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, May 27, 2018 05:10:31 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Sonali Bank, PayPal sign deal

Great opportunity for BD business

By
21st-Mar-2017       
Comments
Share your thought
Post a comment »
Read all () »

Kamruzzaman Bablu :
State owned Sonali Bank on Monday signed a deal with PayPal, a worldwide online company, to accelerate hassle free transfer of fund as well as transfer of remittances electrically.  As a result, a great opportunity has been opened for Bangladeshi business from now on.
The bank inked the deal after getting permission from the Bangladesh Bank's Foreign Policy Department to start business operations with PayPal on Sunday.
"We just signed the deal after getting Bangladesh Bank's permission. Now we will go forward with necessary procedures to take step after the formal signing of the agreement with PayPal so that the service comes into operation soon," Md Nawab Hossen, principal officer of Foreign Remittance Management Division of Sonali Bank told the New Nation.
"We just have to wait a few days for the service to be launched, that is all," a highly placed source at Sonali Bank said.
The service will help people and businesses transfer funds, including transfer of remittances, electronically, without any hassle.
PayPal allows individuals and businesses to transfer funds electronically. As it is an online service, an individual first needs to open a PayPal account with a valid email address. The aspiring PayPal user would also need a valid credit card or a bank account linked with PayPal to avail its services.
Bangladesh has been facing difficulty in receiving remittances earned through outsourcing but the new contract with PayPal will make the inflow of remittance easier and faster, said Nawab Hossen.
PayPal makes money by charging transaction fees mainly from business accounts, charging to a payment's recipient. Although most transactions are free, merchants pay a fee for each transaction. However, it does not charge any fees to send money.
On July 15, 2015, Zunaid Ahmed Palak on a Facebook status said: "We had a very effective meeting with the vice-president of PayPal in San Jose, California. We explained to them in detail about Bangladesh Government's policies and regulatory reforms and business opportunities for PayPal."
Palak added: "They have agreed to launch Xoom's operations in Bangladesh within this quarter. They (PayPal) will also internally discuss on how they can prioritise and launch PayPal in Bangladesh and let us know if they need any further support from our government. We will continue our efforts to bring PayPal to Bangladesh sooner rather than later."

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Platini says FIFA must now end his ban, but probe goes on


Former UEFA president Michel Platini said Saturday he hoped FIFA would lift his ban over a controversial 1.8-million-euro payment after Swiss prosecutors said they had found no evidence so far to incriminate him."I hope that FIFA will have the courage and the decency to lift my suspension," Platini told AFP ...

Football »

Colombia`s national soccer team coach Jose Pekerman greets a boy next to James Rodriguez (right) and Radamel Falco Garcia, second from right, prior to an exhibition match at the Nemesio Camacho stadium in Bogota, Colombia on Friday. Colombia will warm up and play a friendly match against Egypt in Italy before heading to Russia for the 2018 FIFA World Cup.


Editorial »

Anti-Terrorism special tribunals not working for quick disposal


NEWS media reported that the two Anti-terrorism Special Tribunals formed last month for quick trial of militancy and terrorism cases are now working at a snail's pace. A small number of cases have been transferred to the tribunals while shortages of courtrooms and manpower are acute. After forming the tribunals ...

Entertainment »

Apu Biswas making comeback


Entertainment Desk :The actress, who kept herself away from the silver screen for family reasons, will be seen in Debashish Biswas's upcoming directorial venture Shashurbari Zindabad-2. The film's shooting will begin this week, informed Apu. 'I am looking forward to make my comeback through Debashish Biswas' upcoming film Shashurbari Zindabad-2, ...

Entertainment »

Deepika, Ranveer are likely to marry on Nov 19


After Sonam Kapoor and Anand Ahuja's big fat Punjabi wedding, looks like another popular couple is ready to tie the knot soon.Ever since the beginning of 2018, rumors of Ranveer Singh and Deepika Padukone tying the knot have been sending fans into a tizzy. We've been hearing news of guests ...

City »

BNP Standing Committee Member Dr Khondkar Mosharraf Hossain, among others, at a protest rally organised by Bangladesh Jatiya Dal at the Jatiya Press Club on Saturday demanding release of BNP Chairperson Begum Khaleda Zia and other leaders of the party.


International »

S Korea relieved about Trump-Kim summit revival efforts


AP, Seoul :South Korea on Saturday expressed cautious relief about the revived talks for a summit between President Donald Trump and North Korean leader Kim Jong Un following a whirlwind 24 hours that saw Trump canceling the highly-anticipated meeting before saying it's potentially back on.The statement by Seoul's presidential office ...

Editorial »

Narcotics sale continues despite countrywide crackdown


NARCOTICS trade continues unabated at some of the hotspots in the capital with drug dealers continually changing their tactics in the face of the ongoing nationwide anti-drugs crackdown. The people involved in the illicit trade have become vigilant, but sales haven't stopped. It is, however, difficult to comment about the ...

Back Page »

Fear Allah


Abdul Muqit Chowdhury :The Holy Quran reveals : This is the Book ; /in it is guidance sure, without doubt, /to those who fear God;/who believe in the Unseen/Are steadfast in prayer, /and spend out of what We/Have provided for them;/And who believe in the Revelation/Sent to thee,/And sent before ...

Cricket »

Pakistan bowl England out for 184, reach 50-1 in reply


AP, London :Pakistan provoked England's latest batting collapse by combining disciplined bowling with superb catching before showing resistance in its reply to dominate the opening day of the first test at Lord's on Thursday.A new international season started with some familiar problems for England, which stumbled to 43-3 after winning ...

City »

Textile Garments Workers Federation formed a human chain in front of the Jatiya Press Club on Friday to meet its various demands including reopening of Mastext Mills in Turag.


.

International »

Collapse of Trump-Kim summit threatens to deepen US-China rift


Reuters,  Beijing :US President Donald Trump's cancellation of a summit with North Korean leader Kim Jong Un threatens further strain on U.S.-China ties amid a trade dispute that had been intertwined with Beijing's pressure on isolated Pyongyang.The United States and China are also increasingly at odds in the disputed South ...

Editorial »

Hasina`s India visit and getting water from Teesta


INDIA has kept talks on sharing of water of common rivers with Bangladesh stalled for over eight years holding back the signing of interim agreements on Teesta and Feni Rivers and making negotiations on five more rivers uncertain. India has been declining since 2010 to hold a water resources ministers-level ...

Entertainment »

Being an outsider, Kriti Sanon makes a mark in the industry


Being an outsider from Delhi, Kriti Sanon has carved a niche for herself in the industry in just a few years. As Heropanti celebrates its four year anniversary today, Kriti Sanon who ventured into B-town with the Sajid Nadiadwala film clocks four years in Bollywood. Over the years, Kriti Sanon ...

Entertainment »

Mithila`s two new TVCs Sheikh Arif Bulbon


Popular model and TV actress Mithila has performed as a model in two new TV commercials. She has also taken part in photo session of fashion designer Nazia Hasan Aditi’s boutique house, Adriana’s some wears. During Eid fashion lovers will get to buy wears of Adriana those were dressed by ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news