Scribd Logo
Upload

Welcome to Scribd!

  • 224 views

    Welcome To You All in Our Presentation

    Uploaded by

    Chowdhury Mahin Ahmed
    This presentation summarizes mobile remittance services in Bangladesh. It introduces how Banglalink, in collaboration with two local banks, launched the country's first mobile remittance service to allow migrant workers to easily send money to beneficiaries. The presentation describes the process for beneficiaries to register for mobile wallet accounts to receive funds, and how senders can transfer money by providing basic recipient details or transaction IDs. It concludes that mobile remittance positions Bangladesh as an innovator in mobile banking and will provide convenient access to financial services for rural communities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Welcome To You All in Our Presentation

    Uploaded by

    Chowdhury Mahin Ahmed
    224 views16 pages
    This presentation summarizes mobile remittance services in Bangladesh. It introduces how Banglalink, in collaboration with two local banks, launched the country's first mobile remittance service to allow migrant workers to easily send money to beneficiaries. The presentation describes the process for beneficiaries to register for mobile wallet accounts to receive funds, and how senders can transfer money by providing basic recipient details or transaction IDs. It concludes that mobile remittance positions Bangladesh as an innovator in mobile banking and will provide convenient access to financial services for rural communities.

    Original Title

    Mobile Remittance

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This presentation summarizes mobile remittance services in Bangladesh. It introduces how Banglalink, in collaboration with two local banks, launched the country's first mobile remittance service to allow migrant workers to easily send money to beneficiaries. The presentation describes the process for beneficiaries to register for mobile wallet accounts to receive funds, and how senders can transfer money by providing basic recipient details or transaction IDs. It concludes that mobile remittance positions Bangladesh as an innovator in mobile banking and will provide convenient access to financial services for rural communities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    224 views16 pages

    Welcome To You All in Our Presentation

    Uploaded by

    Chowdhury Mahin Ahmed
    This presentation summarizes mobile remittance services in Bangladesh. It introduces how Banglalink, in collaboration with two local banks, launched the country's first mobile remittance service to allow migrant workers to easily send money to beneficiaries. The presentation describes the process for beneficiaries to register for mobile wallet accounts to receive funds, and how senders can transfer money by providing basic recipient details or transaction IDs. It concludes that mobile remittance positions Bangladesh as an innovator in mobile banking and will provide convenient access to financial services for rural communities.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 16

    Welcome To You All In Our Presentation

    Presentation on: Mobile Remittance in Bangladesh


    Prepared For Tanvir Ahmad Torophder Lecturer Dept. Of Business Administration Leading University, Stylhet Prepared By Poly Begum (0801010063) Sanghamitra Pal (0801010065) Surajit Datta (0801010102) Mahin Ahmed Chowdhury (0801010110) Md. Rahat Chowdhury (0801010124) Md. Rubel Miah (0701010122) 18th Batch Major In Finance and Banking Dept. Of Business Administration Leading University, Sylhet

    Content
    Introduction Mobile remittance in Bangladesh Product details of Banglalink Mobile remittance. Mobile Remittance Service of Robi Conclusion

    Introduction
    Bangladesh has entered the international mobile remittance market based on the previous success of the Philippines model. Bangladeshs migrant workforce has been encountering the typical remittance issues: inability to send money frequently, delays while sending, unsecured distribution, inconsistent delivery methods, etc. To combat these issues Bangladesh has established a mobile Remittance service supported by two local banks Dhaka Bank Ltd and Eastern Bank Ltd and the country's second largest mobile operator Banglalink.

    Mobile Remittance in Bangladesh


    Banglalink in collaboration with Dhaka Bank ltd (dbl) and Eastern Bank ltd (ebl) jointly launched mobile remittance, the first ever for Bangladesh as well as for South Asia. This service is a highly secured, convenient, reliable, fast and cost-effective remittance system.

    Product details of Banglalink


    Beneficiaries with Banglalink mobile connections will be able to open mobile wallet accounts either at Dhaka bank or Eastern bank from selected Banglalink mobile cash points by submitting necessary identity documents and account opening forms. Mobile wallet account holders can receive the remittance directly in their mobile wallet account. If the beneficiaries do not have Banglalink mobile connections, they can still receive the remittance by receiving a secured and unique transaction reference number which is forwarded to them by the sender. in that case, the beneficiaries will have to go to the designated banglalink mobile cash points with proof of identification and request for the disbursement by submitting the transaction reference number, the exact amount and the bank name.

    Account registration process


    Fill up the registration form and put your signature (or thumb print). If a nominee is required get his/her signature as well Provide the retailer with a copy of your passport size photograph (as well as a copy of your nominees passport size photograph) and a photocopy of any one of the following photo identification documents. please bring the original valid photo identification document for verification: Voter ID/national ID. Driving license Passport The photocopy of the photo identification document must be signed and dated by both you and the retailer You will receive a pin number through sms* In order to activate the mobile wallet account, you must change the pin number received through sms and create a pin number of your own

    Process of changing Pin number


    Go to Message Option Type chg<space>ol Send it to 480 d pin <Space> new pin

    Encashment process
    1. Fill up the money encashment form 2. Provide the retailer with a copy of any one of the valid photo identification documents. You have to bring the original valid photo identification document for verification: i) Voter ID./National ID. ii) Driving license iii) Passport

    3. If you have a registered mobile wallet account: i) Mention your registered banglalink number and the amount you wish to withdraw in the encashment form ii) Verify your pin number for safe transaction

    Go to message option

    Type yes<space>pin number

    Send it to 480

    Encashment process Cont.


    iii) You will receive a confirmation sms from Banglalink

    3. if you do not have a registered mobile wallet account: i) mention the name of the bank through which remittance came, the exact amount received and the transaction reference id (obtained from the sender) in the form 4. Receive your money from the retailer 5. a. retailer will sign the money encashment form in front of you b. sign the money encashment form (or thumb print) c. the photocopy of the photo identification document and encashment form must be signed and dated by both you and the retailer

    The following items are not acceptable:


    a) Photo ID. that is past its expiration date b) photo ID. that does not resemble the applicant c) Student ID.

    Others Information
    You must not share your pin number Call 1200 for further details Conditions apply

    Mobile Remittance Service of Robi


    Mobile operator Robi Axiata Limited and Eastern Bank Limited (EBL) also have begun a mobile remittance to facilitate Bangladeshi expatriates living abroad to transfer money through mobile phone.

    Conclusion
    Mobile remittance creates cross-boarder mobile money transfer services for efficient international mobile money transfer scenarios for both senders and beneficiaries. An open remittance hub connects sending and receiving money channels on a single platform, rather than through bilateral agreements. Mobile remittance service puts Bangladesh on the world map as a pioneer in mobile banking services. The service will be rolled out soon. This gives Bangladesh the same platform to compete with any world standard of banking technology. It is the first of its kind and is specifically designed to bring the benefit of formal banking to the rural mass

    Q&A

    THANK YOU

    You might also like