mobile remittance
TRANSCRIPT
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Welcome To You All In Our
Presentation
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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
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Content
Introduction
Mobile remittance in Bangladesh
Product details of Banglalink Mobile remittance.
Mobile Remittance Service of Robi Conclusion
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Introduction
Bangladesh has entered the international mobile remittancemarket based on the previous success of the Philippines model.Bangladeshs migrant workforce has been encountering thetypical remittance issues: inability to send money frequently,delays while sending, unsecured distribution, inconsistentdelivery methods, etc. To combat these issues Bangladesh hasestablished a mobile Remittance service supported by two localbanks Dhaka Bank Ltd and Eastern Bank Ltd and the country'ssecond largest mobile operator Banglalink.
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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.
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Product details of Banglalink
Beneficiaries with Banglalink mobile connections will be able to open mobilewallet accounts either at Dhaka bank or Eastern bank from selectedBanglalink mobile cash points by submitting necessary identity documentsand account opening forms. Mobile wallet account holders can receive theremittance directly in their mobile wallet account. If the beneficiaries do nothave Banglalink mobile connections, they can still receive the remittance byreceiving a secured and unique transaction reference number which is
forwarded to them by the sender. in that case, the beneficiaries will have to goto the designated banglalink mobile cash points with proof of identificationand request for the disbursement by submitting the transaction referencenumber, the exact amount and the bank name.
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Account registration process
Fill up the registration form and put your signature (or thumb print). If a nominee isrequired get his/her signature as well
Provide the retailer with a copy of your passport size photograph (as well as a copyof your nominees passport size photograph) and a photocopy of any one of thefollowing 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 byboth 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
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Process of changing Pin number
Go to Message
Option
Type chgol
d pin
new pin
Send it to 480
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Encashment process
1. Fill up the money encashment form
2. Provide the retailer with a copy of any one of the valid photo identificationdocuments. You have to bring the original valid photo identification document forverification: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 withdrawin the encashment formii) Verify your pin number for safe transaction
Go to message option Type yespin
number
Send it to 480
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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 amountreceived 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 youb. sign the money encashment form (or thumb print)c. the photocopy of the photo identification document and encashment form mustbe signed and dated by both you and the retailer
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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.
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Others Information
You must not share your pin number
Call 1200 for further details
Conditions apply
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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.
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Conclusion
Mobile remittance creates cross-boarder mobile money transfer servicesfor efficient international mobile money transfer scenarios for bothsenders and beneficiaries. An open remittance hub connects sending andreceiving money channels on a single platform, rather than throughbilateral 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 worldstandard of banking technology. It is the first of its kind and isspecifically designed to bring the benefit of formal banking to the ruralmass
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Q & A
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THANK YOU