PRE-DIGITAL Life before banking went digital 1960 1st ATM The first Automated Teller Machines (ATM) or cash machines were developed in the early 1960s with the first machines being launched by the end of the decade. Banks started to become heavy investors in computer technology to automate much of the manual processing, which began
When it comes to interoperability, MFSs still have a long way to go. Currently, they cannot ‘talk’ to one another and customers on one network cannot pay people using another network. Being a relatively nascent market hasn’t prevented the mobile financial service (MFS) industry from making great advancements in recent years.
BRAC Bank Visa credit cardholders will get 10% cashback at Foodpanda and Hungrynaki – two of the country’s leading online food delivery platforms. The offer will enable BRAC Bank Visa credit cardholders to avail 10% cashback by ordering food online from Foodpanda (www.foodpanda.com.bd) and Hungrynaki (www.hungrynaki.com). The customers can also order
With 87 thousand people working in more than 1,200 branches across 70 odd countries,Standard Chartered Bank (SCB)continues to be a vital global force in banking and finance. In its century old presence in Bangladesh, 112 years to be exact, the bank has always been a trend setter in the industry. Having
Without the provision of digital wallet, the e-commerce business in Bangladesh will be stagnated at some point. Pointing out that harsh truth, speakers at a seminar titled ‘Business Growth and enhancing consumer experience through Online Payment System’ said that with cash-on-delivery (COD) still dominating the e-commerce ecosystem, the true digital revolution