iPay Bangladesh is First Online Payment Platform in Bangladesh. iPay Bangladesh wallet, a secure digital wallet where Bangladeshi user can store their money and use it to make quick airtime topup, pay bills, do shopping on vendor websites, retail store, & physical store. The service of iPay Bangladesh became the preferred mode of payment across the leading consumer e-commerce Company like Othoba, Kiksha & Sindabad.
Their digital wallet is approved by the Bangladesh Bank (BB). So people trust their iPay Bangladesh wallet service. That means they follow all the rules and regulation they are required to work e-wallet in Bangladesh.
iPay Bangladesh uses many trusted software for their security purpose. They used many security application they provide the best security when any transaction is done. Online transaction on iPay Bangladesh is secure with the highest levels of transaction security currently available on the internet. iPay Bangladesh uses 256-bit encryption technology to protect your card information while securely transmitting it to the respective banks for payment processing.
Market Opportunities for iPay Bangladesh
According to Bangladesh Telecommunication Regulatory Commission (BTRC), the total number of active Internet Subscribers has reached 80.166 million at the end of November 2017. The penetration 13.2%. Currently, there is no Digital Wallet company in Bangladesh. So this is a good market for any internet company.. If they can able to deliver good service to its user then iPay Bangladesh will be the market leader soon.
Remittances to developing countries to grow by 10%. So According to Bangladesh Bank, An average of $12000 million comes from the abroad. Withdraw this money from the bank is not easy & Time-consuming. If the problem can be solved by digital wallet, I think it can be a good aspect for iPay
The digital wallet organization is a profitable institution but why iPay?…
iPay Bangladesh wants to earn their revenue through the transaction. They work on marketplace model too and they believe in the Transaction Model for their revenue, and also they are giving the opportunity to vendors/ merchants to collect their payment using the barcode reader, mobile app and online. Every company knows that Revenue model is the framework of revenue. I hope iPay Bangladesh also know this formula.
As seen, iPay Bangladesh believe also purely marketing strategy, in order to gain some popularity and to here the competition they are giving free recharge offer. So they attract more visitors as well as get more sponsors, ultimately making them profitable, it’s a most profitable strategy of iPay.
iPay Bangladesh provides Business Account for merchants & Personal Account for Individuals. This is a very simple process. Simple registration for merchants & individuals to sign up in the site, the mandatory fill up shows star (*), they must fill up by applicants.
iPay Bangladesh service is also available in mobile so you can easily download and use this application on your mobile anywhere in Bangladesh. On other hands, we can say that it’s a mobile-friendly application. They are available in many stores like Play store.
Internet Banking VS Digital Wallet
Internet banking enables users to securely store their personal financial information, cards, account info and more in an organized form on their Smartphone.
Digital Wallet allows the consumer to use their Smartphone or digital currency for purchases in a store or website. It allows consumers to view the cards, choose the payment method and also enables other commerce-related features. It is payment sources in one place.
The iPay Bangladesh website easy to access they are much easy as compare to other site people are like them for their easy accessible specialty. For iPay Bangladesh Apps or mobile site, the high-speed data connection is not required. It easily works on mobile without any problem with the slow network like GPRS.
iPay Bangladesh has already extended its new selling strategy wherever its planned to focus additionally on the digital currency prospects.
The market is growing…
If you are involved in payments industry in Bangladesh, you know the last few years have seen some amazing new technologies finding their way to into mainstream payments landscape like bKash & Rocket, but they are a mobile wallet, not a digital wallet. Merchant Adoption – a fair number of businesses still do not have come to iPay’s platform. So that, when people add money in their wallet, they can’t able to spend it properly.
The user experience may be better…
iPay Bangladesh Bangladesh offers the best user experience for making digital wallet currently in the market of Bangladesh. Their website & app design is super simple. People can easily manage it from both ends of Desktop & Mobile. Simple websites are scientifically better. I think it is their main strength. Also, iPay Bangladesh is the sister concern of AHSAN Group (AG) which is one of the leading conglomerates in Bangladesh.
Users are able to get through a purchase in mere seconds with a simple tap or ‘scan me to pay me’ for their mobile device. Furthermore, with faster transactions, And the experience of iPay Bangladesh becomes quicker and easier. Let’s see how they work in one of the fast-growing emerging country Bangladesh. So signup now for your iPay account and do iPay….