Business nears e-payment gateway
The central bank is set to appoint a bidder to establish a national payment switch and e-payment gateway, which will help open business in a cost-effective manner.
“We will award the contract after getting recommendations of the National Overseeing Committee,” said Bangladesh Bank (BB) Governor Atiur Rahman yesterday.
The four-member committee, headed by IT expert Professor Jamilur Reza Chowdhury, would submit its report in two weeks, and recommend selecting a right vendor.
Rahman said a total of seven bidders, mostly joint ventures, are vying for the contract funded partially by the World Bank under a project of the central bank.
E-payment is a method in which a person can make online payments for his/her purchases without physical transfer of cash or documents, irrespective of time or location. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payment.
Chowdhury termed the move a 'big improvement' for the country.
“Bangladesh Bank has taken significant steps in computerisation of operations, not only for itself but also for the banking sector and the businesses.”