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    Cashbaba 1

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    count.d.ville
    CashBaba is an e-wallet and payment gateway platform launched in Bangladesh in 2021 by Recursion FinTech. It allows users to add and send money, make payments, and perform other financial transactions conveniently through their mobile phones. Key features include the CashBaba card, QR payments, money transfers, mobile recharges, and personal and merchant wallets. The platform offers cost-effective, secure, and convenient financial services with some limitations around acceptance locations, technical issues, adoption rates, customer support, and security risks.

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    © All Rights Reserved
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    Cashbaba 1

    Uploaded by

    count.d.ville
    67 views8 pages
    CashBaba is an e-wallet and payment gateway platform launched in Bangladesh in 2021 by Recursion FinTech. It allows users to add and send money, make payments, and perform other financial transactions conveniently through their mobile phones. Key features include the CashBaba card, QR payments, money transfers, mobile recharges, and personal and merchant wallets. The platform offers cost-effective, secure, and convenient financial services with some limitations around acceptance locations, technical issues, adoption rates, customer support, and security risks.

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    CashBaba is an e-wallet and payment gateway platform launched in Bangladesh in 2021 by Recursion FinTech. It allows users to add and send money, make payments, and perform other financial transactions conveniently through their mobile phones. Key features include the CashBaba card, QR payments, money transfers, mobile recharges, and personal and merchant wallets. The platform offers cost-effective, secure, and convenient financial services with some limitations around acceptance locations, technical issues, adoption rates, customer support, and security risks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    67 views8 pages

    Cashbaba 1

    Uploaded by

    count.d.ville
    CashBaba is an e-wallet and payment gateway platform launched in Bangladesh in 2021 by Recursion FinTech. It allows users to add and send money, make payments, and perform other financial transactions conveniently through their mobile phones. Key features include the CashBaba card, QR payments, money transfers, mobile recharges, and personal and merchant wallets. The platform offers cost-effective, secure, and convenient financial services with some limitations around acceptance locations, technical issues, adoption rates, customer support, and security risks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    CashBaba:

    A Comprehensive Overview of an E-Wallet


    and Payment Gateway Solution in
    Bangladesh

    Name: Silvia Karim Dipty


    ID: 029-13-031
    Section: A
    Overview of CashBaba

    CashBaba is a digital wallet platform created for enabling people make


    cashless transactions in a more convenient way.

    In 2021, Recursion FinTech launched CashBaba as its new and


    innovative FinTech service.

    The e-wallet enables people to add, send or receive money; and also to
    make payments.

    Recursion FinTech had received PCI DSS certification in 2019 and PSP
    license in 2020 from Bangladesh Bank before launching CashBaba.
    Features of CashBaba
    CashBaba Card Add Money

    CashBaba Card has formed a primary membership alliance with a Adding money to the CashBaba wallet is a quick, easy, and secure
    fintech company, UnionPay International, instead of a bank. With this process. The platform also allows users to link multiple bank accounts
    card, customers gain the ability to conveniently access their balance at or cards to their wallet.
    over 61,000 point-of-sale (POS) machines nationwide

    QR Payment Send Money


    CashBaba utilizes the EMVCo standard QR code to ensure secure CashBaba enables users to receive and send money without any
    payment transactions that are globally interoperable and widely additional charges, providing a truly cost-free experience.
    accepted.

    Transfer Virtual Cash


    Customers can also transfer money from their CashBaba wallet With CashBaba, individuals can generate a virtual cash number for a
    balance in a very simple and secured way. specific amount or merchant, providing a convenient way to transfer
    funds securely.

    Mobile Recharge Request Money

    With CashBaba, recharging prepaid or postpaid mobile is incredibly Users can effortlessly request money from their friends or family who
    convenient. This platform offers Mobile Recharge services for all have a CashBaba account by simply using their mobile numbers.
    major mobile operators in Bangladesh.
    Types of Wallets in CashBaba
    Personal Wallet

    The Personal Wallet is designed for individual users to store and


    manage their funds. The Personal Wallet provides a secure and
    convenient way to handle personal financial transactions.

    Limit Charges

    Add money: BDT 1,00,000 per


    transaction up to 4,00,000 per month. Utility bill payment: BDT 10

    Credit card bill payment and Transfer


    Balance: BDT 4,00,000.
    money to bank: 1.25%

    ATM cash out charge at a minimum


    of BDT 3000: 1.25%
    Types of Wallets in CashBaba
    Merchant Wallet

    The Merchant Wallet is specifically designed for businesses and


    merchants. It allows merchants to receive payments from their
    customers through the CashBaba platform.

    Limit Charges

    Depends on transaction profile of a Transfer money to bank and ATM


    business. cash out: BDT 25

    Supplier payment: BDT 10

    Add money from card and receive


    payment: 1.25%
    Advantages of CashBaba

    Cost-
    Effective

    Secure
    Versatility
    Transactions

    Advantages of
    CashBaba

    Convenience Accessibility

    Innovation
    Shortcomings of CashBaba

    Limited Acceptance

    Connectivity and Technical Issues

    User Adoption

    Customer Support

    Security Risks
    Thank You

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