Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

Bank Asia and Mastercard collaborate with Payoneer to process faster payments for freelancers, with SHADHIN Card

by Tech and Teen November 16, 2018
written by Tech and Teen November 16, 2018
Bank Asia and Mastercard collaborate with Payoneer to process faster payments for freelancers, with SHADHIN Card

Bank Asia and Mastercard today announced their collaboration with Payoneer for faster processing of freelancers’ cross-border digital payments through the SHADIN card. Payoneer is an online platform that facilitates cross-border payments for freelancers globally. Bangladeshi Freelancers are well accustomed to Payoneer to receive their freelance earnings in their Payoneer accounts from various marketplaces such as upwork.com, freelancer.com, etc. The integration will ease the traditionally cumbersome process of receiving (freelancers’) earnings by a simple transfer through Payoneer into their Shadhin cards in the local currency as well as in a foreign currency.

Bank Asia Limited in collaboration with Mastercard and Bangladesh Association of Software and Information Services (BASIS) had launched the SHADHIN Mastercard card earlier this year and is the first-of-its-kind payment system for the freelancer community of Bangladesh. Through this system, freelancers can legally receive their earnings online for services rendered, in a secure ecosystem, thereby creating a digitally empowered freelancer community in Bangladesh. They can also enjoy all the benefits of Mastercard and Bank Asia locally and internationally. Freelancers can link their SHADHIN Mastercard cards with their respective Payoneer accounts using the Bank Asia Smart App. These cards are Export Retention Quota (ERQ) enabled which enables freelancers to enjoy 70% of their freelance earnings for any kind of international payment related to their work in USD. In addition to that, if a freelancer wants to use his/her entire earnings in Bangladeshi Taka, s/he can do so using the SHADHIN card.

At today’s event Mr. Ahmed Jamal, Deputy Governor, Bangladesh Bank as chief guest, Mr. Syed Almas Kabir, President, BASIS along with Mr. Arfan Ali, President & Managing Director, Bank Asia Limited; Mr. Syed Mohammad Kamal, Country Manager, Mastercard Bangladesh; Mr. Patrick de Courcy, Head of Asia Pacific, Payoneer and other high officials of respective organizations were present.

Arfan Ali, President & Managing Director, Bank Asia Limited said “The integration of the Shadhin Card with Payoneer is a major milestone in Bangladesh to serve its freelancer community and ICT Exporters to utilize their valuable earnings as per their needs in local as well as foreign currencies. Bank Asia is always ahead in digitizing banking services and in reaching out to customers for its banking services through its conventional, Islamic and agent outlets all over Bangladesh. Through this collaboration, freelancers can now transfer their money from/to Shadhin Cards using the Bank Asia Smart App and meet their foreign payment obligations in foreign currency up to 70 % of loaded amount and can withdraw the rest or full in local currency from any nearby ATM booth. I feel very proud of being a part of this event.”

Patrick de Courcy, Head of Asia Pacific, Payoneer said “The Shadhin card is a ground breaking innovation. Payoneer is very proud to be working with Bank Asia and Mastercard to bring the best payment solutions to the freelancer community in Bangladesh, enabling them to receive payments from their global clients and customers. We are committed to continue innovating to empower the thriving service export industry in Bangladesh.”

Syed Almas Kabir, President, BASIS said “Bangladesh is at crossroads and about to take a giant leap in the e-commerce space. We believe that BASIS, with the support of companies such as Mastercard, is crucially placed to facilitate this leap. This integration is another milestone on the way to building the nation towards the vision of Digital Bangladesh.”

Commenting on the collaboration, Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard said “This is a fantastic initiative by Mastercard and Bank Asia, which is very much in sync with the country’s vision of building a financially inclusive society. This integration with Payoneer is a value addition to SHADHIN Mastercard cards which will benefit the freelancer community by enabling them to receive their hard-earned income in the fastest possible time.”

Bank AsiafreelancersMastercardPayoneerSHADHIN Card
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Telenor Health signs MoU with Popular Diagnostics
next post
YSSE Organized ‘Bangladesh Youth Symposium’ in IUB

related posts

Daraz Brings the Year Ending Campaign 12.12 sale

December 15, 2019

Walton TV celebrates highest export in 2020 amidst...

January 16, 2021

Daraz Presents Official Store of the Popular Brands

September 25, 2018

Agreement signed between Shohoz Truck and Transcom Foods...

January 16, 2020

Tech Mahindra to Fuel Digital Growth in Bangladesh

January 22, 2019

Samsung joins Smartphone & Tab Expo with 40%...

January 11, 2019

Premier Bank inaugurated 106th Branch in Amla, Kushtia

December 25, 2018

Nagad launches add-money service from Meghna Bank

July 16, 2022

Canadian High Commission and CanCham will Work with...

July 30, 2018

Walton’s new model AC consumes Tk 2.88  per...

March 1, 2021

Robi and Nagad signs MoU

December 13, 2018

Bproperty opens office in Chattogram with almost 6500...

October 25, 2019

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • imo brings Light feature to enhance the experience of video calling

    June 1, 2023
  • Toffee announces top 10 participants of Haamd-O-Naat competition ‘Shurer Shathe Nurer Pothe’

    June 1, 2023
  • Shariful Razz says about the leaked video with Sunerah Binte Kamal

    May 31, 2023
  • Three reasons that make HOT 30 a gaming phone

    May 31, 2023

Popular Posts

  • 1

    Shakib’s exclusive S#75 color coming soon on OPPO F21s Pro

  • 2

    Tasnia Farin is at vivo’s advertisement

  • 3

    Transsion Opens New Factory in Bangladesh, Strengthening Commitment to Local Market

  • 4

    The Submission Deadline Extended for Bangabandhu Innovation Grant 2023

  • 5

    realme’s champion phone C55 now up for pre-order

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • Three reasons that make HOT 30 a gaming phone

  • Transsion Opens New Factory in Bangladesh, Strengthening Commitment to Local Market

  • Infinix launches HOT 30 in the market

  • realme’s champion phone C55 now up for pre-order

  • OPPO Unveils Amazing Eid Offers

Popular Posts

  • 1

    Huawei enters 5G trials in India

  • 2

    Fair Electronics Limited arranges ‘Partners’ Meet’

  • 3

    Walton posts robust sales of its home appliances in winter

  • 4

    ICCIT starts on December

  • 5

    Bikroy.com Offers Animal Preorder and Delivery for Qurbani Eid

About Us

Techandteen is the vibrant tech news site in Bangladesh. It provides new tech news and latest tech news and reviews for teenagers. As a tech blog techandteen is also popular tech site and best tech site in Dhaka. We accept Guest Posts and paid Promotions.

Email : shiningbd2014@gmail.com

Dhaka, Bangladesh

Phone :  +88 00 5555

Popular Posts

  • 1

    Tasnia Farin is at vivo’s advertisement

  • 2

    Shakib’s exclusive S#75 color coming soon on OPPO F21s Pro

Follow us on Facebook

  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
  • Technology
  • Teen
  • Business
  • Sports
  • Entertainments
  • Multimedia

@ 2018-2022 - Tech and Teen. All Right Reserved.
Developed By: Deshi Hosting, Amjhupi, Meherpur.