Visa, the global leader in digital payments, today announced the launch of a new solution Business Payment Solution Provider (BPSP) in partnership with SSL Wireless and Southeast Bank. The BPSP platform allows businesses and corporate buyers to pay their suppliers, who currently may not accept card payments, via Visa Commercial Cards.
Today, while large businesses may be equipped to make and receive digital payments, their smaller vendors may not be able to accept card payments, resorting to paying by cheques or cash which is time-taking and cumbersome. Hence, Visa has introduced BPSP in partnership with SSL Wireless, which makes it possible for businesses to make commercial card payments for various services – utility bills, salary, rent, supplier payments etc.
On the occasion, Mr. Soumya Basu, Country Manager, Bangladesh, Nepal and Bhutan, Visa said, “Businesses, like consumers, should be empowered to digitise their entire value chain. To enable card payments for small and large businesses, we are delighted to launch Business Payments Solution Provider or BPSP, in partnership with SSL Wireless and Southeast Bank. As the country’s first such platform that bridges the gap between card-enabled businesses and non-card accepting suppliers, I am certain this will drive financial inclusion among businesses. As the country accelerates its digital journey, we are happy to provide various innovative ways for money movement to happen.”
Mr. Abdus Sabur Khan, EVP and Head of Cards, Southeast Bank Ltd. says, “Southeast Bank Limited has launched another ‘first in the country’ project in collaboration with Visa and SSL Wireless. COVID 19 has shown us the challenges with the traditional payment methods. Many organizations face cash flow problems; has difficulties digitizing payment process. As the ultimate goal is creating a cashless society, Business Payment Service Provider (BPSP) service will allow corporate organizations to pay their vendors in quick and hassle-free manner along with up to 49 days of interest free credit period.”
Shahzada M. Redwan, Director SSL says, “SSL has been and will continue to be at the forefront of bringing the most advanced technology which is appropriate and relevant to the SME sector of Bangladesh. The BPSP platform will help the SMEs and corporates who are always short of resources to manage their vendor and other payments as well as secure credit in the most efficient manner possible so that they are free to focus their energy on improving their business profitability."
BPSP helps businesses process payments without having to depend on banking hours and reduces manual payment processing costs. A buyer can securely enroll their Visa commercial card online on the platform and add non-card accepting suppliers they want to pay, by selecting an invoice and initiating payment. The supplier gets notified once payment is settled into their bank account. The buyer can also view dashboards and payment details for easy reconciliation.
This platform will help digitise both payable and receivable (supply chain) flows of large organisations and SMEs in Bangladesh. With a simple SFTP (Secure File Transfer Protocol) and API (Application Programming Interface) service, the BPSP platform will offer automated reconciliation, early settlement discount and working capital gain to drive significant business value and growth.
Youth-favorite brand realmehas recently launched its ‘champion of the segment’ phone C55 in the local market. The device comes with a segment-only 64MP camera, 33W SUPERVOOC fast charge, up to 256GB storage and Sunshower design. Pre-booking, customers can win a prize money of BDT 1 Lakh; to know more, visithttps://cutt.ly/C55PreOrder. The 6GB RAM/128GB ROM variant of the phone is priced at BDT 18,999 while the 8GB RAM/256GB ROM variant costs BDT 22,999 only (VAT applicable).
This device features four segment-first upgrades in camera, storage, charge and design for ensuring a smooth and champion-like experience for the users. C55 is masterfully crafted with the Sunshower design inspired by natural elements and available in two colors: Sunshower and Rainy Night. Flaunting the thinnest 7.89mm body in the segment, users will get a comfortable gripping and in-hand feeling. With a 6.72-inch full screen with FHD+ resolution and a 90Hz refresh rate powered by Helio G88 Chipset,visual experience is great with this phone.
realme C55 also features the only 64MP camera in the segment along with an 8MP selfie camera and 2MP B&W lens.Compared to its predecessor C35, the C55 has a 54% increase in sensor size and a 53.8% improvement in clarity and resolution. Facilitated with innovative image modes, filters and the ProLight imaging technology, the phone will deliver a better camera experience even in low-light conditions.
Powered by 8GB of dynamic RAM (expandable up to 16GB) and 256GB of ROM (the largest storage in the segment, expandable up to 1TB), the phone ensures a seamless and much smoother experience.Moreover, C55 comes with the fastest 33W SUPERVOOC charge in the segment, which can charge to 100% in just 63 minutes. C55 can significantly increase the charge speed by 100% with a massive 5000mAh battery, providing a worry-free charging experience for the users.
Most surprisingly, realme C55 features Android’s first Mini Capsule, using which users can get daily notifications related to charging status (fully charged, charging and low battery in green, blue and red respectively), data usage and step counts for a better daily convenience. To add new dimensions to user experience, the phone also comes with realme UI 4.0 based on Android 13, fast-side fingerprint sensor and multifunctional NFC with 360° free swipe.
Equipped with four segment-first features, realme C55 is nothing short of a champion, and young users will be able to experience all those champion moments with this phone in their hands.
Samsung has secured the top spot in global smartphone shipments in Q3 2022 with 64 million units, growing by 5 percent QoQ . Backed up by a leading market share of 22 percent, Samsung continues to lead the global smartphone industry with a combination of the industry’s leading technologies and consumer-centric unique innovations!
Samsung has been a consistent front-row competitor in the global smartphone market. As the overall smartphone market steadies, Samsung has yet again maintained its position as the global market leader, with 64 million units of shipments in Q3 2022. This milestone has been achieved due to the new flagships and the growing popularity of the Galaxy A-Series.
On this occasion, Md. Muyeedur Rahman, Head of MX Business, Bangladesh, Samsung Electronics, said, “The smartphone industry is highly reactive to consumer demand. Smartphone brands are continuously adjusting to the fluctuating business conditions. This year in Q3 2022, once again, Samsung has established and maintained its position in the market with great results. Looking ahead to Q4 and 2023, smartphone and wearable markets are expected to grow. We hope that we can continue to grow and flourish more, bringing more amazing features and technologies for the customers.”
DBH Finance PLC. (DBH), the largest housing finance institution in the country, has recently signed a project services agreement with International Finance Corporation (IFC).
Being pioneer and specialist housing finance institution, DBH has strong focus in affordable housing finance. In collaboration with IFC, DBH aims to strengthen its affordable housing loan product by establishing a value proposition for the affordable housing segment and effectively target the lower-middle income segment.
Martin Holtman, Country Manager of IFC for Bangladesh, Bhutan & Nepal and Nasimul Baten, Managing Director & CEO of DBH Finance signed the agreement on behalf of their organizations. Partha Guha Thakurta, Asia Pacific Head of FIG Risk Advisory, IFC, A.K.M. Tanvir Kamal, DMD & Head of Credit, DBH, Md. Hassan Iftekhar Yussouf, DMD & Head of IT, DBH and other high officials of both the organizations were present in the program.