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

Visa to Launch QR payments in Bangladesh

by Tech and Teen September 29, 2019
written by Tech and Teen September 29, 2019
Visa to Launch QR payments in Bangladesh

Visa, the global leader in digital payments technology, announced its plans to launch QR payments in Bangladesh, enabling consumers to link their credit, debit and prepaid cards to their mobile banking apps to ‘scan and pay’ for their purchases.

Visa is working with various banks and partners across the country to enhance the acceptance of digital payments. The cardholders of these participating banks can make payments through QR codes at merchant locations by using their mobile banking application. Consumers will soon be able to make QR payments at both retail stores and on e-commerce websites. Merchants can accept these payments by simply displaying a QR code in their stores or on their mobile phones.

Announcing the launch, TR Ramachandran, Group Country Manager, India, and South Asia said, “Visa has always been committed to the growth of digital payments in Bangladesh. Acceptance is critical to the growth of digital payments and we believe it must grow in tandem with issuance.

With our new QR solution, cardholders can use their existing Visa credentials to pay by QR at any merchant location that accepts QR payments, in store and online. Merchants too get the benefit of low cost acceptance and that will drive faster adoption in everyday payment categories like retail and restaurants, thereby simplifying the payment experience for consumers, acquirers and issuers.”

Recently, Visa has also made online payments simpler for consumers on major ecommerce merchant websites by enabling Card on File (COF). This feature enables a user to save their card details securely online, leading to faster checkout when shopping on the website, without the need to enter card details every time.

Visa will soon be launching a slew of services including Visa Direct. This allows consumers to use their Visa credentials to deliver funds directly to financial accounts conveniently and real-time. Apart from retail payments, Visa is also planning to offer commercial payment solutions to help businesses streamline their payments and move away from voluminous cash transactions.

Ever since commencing operations in Bangladesh, Visa has continued to expand its footprint among clients and merchant partners. It is currently associated with 44 banks comprising public sector banks, domestic private banks, foreign banks and over 40,000 merchants, and helps them offer debit, credit, commercial and prepaid services to Bangladeshis across the country. Visa plays an important role in the proliferation of digital payments, including introducing the first ever contactless card in Bangladesh last year, to mark 30 years of providing financial services to the country.

Commenting on Visa’s recent initiatives in BD, TR Ramachandran also said, “Following this, we are also bringing other new products to the Bangladesh market to make payments frictionless, seamless and more secure. We are building strong partnerships with new-age payment enablers and fintechs to bring asset-light, seamless payment methods to the consumer. Visa will continue to help digitize the Bangladesh market and bring world class products to its consumers.”

BangladeshVisa
0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Shohoz Ride launches ‘Safety Shobar Jonno’ Jointly distributes 3,000 Helmets with Runner Automobiles
next post
Bangladesh’s first Tier IV National Data Center Construction

related posts

First session of Junior Software Academy ends successfully

April 27, 2019

Uber Eats appoints Misha Ali as lead in...

April 23, 2019

First 9 Months of 2019: Solid growth with...

October 21, 2019

Sheikh Hasina unveiled her plan to upgrade the...

December 24, 2018

Hussain Mohammad Ershad breathed his last

July 15, 2019

The theme song of Dhaka Metro is a...

April 23, 2019

MicroSave and MetLife Foundation host the‘i3 program Bangladesh’...

September 24, 2018

Germany’s SEA Kitchens opens flagship showroom in Dhaka

May 16, 2019

A new policy framework is necessary for the...

April 28, 2019

Shikhbe Shobai’s students earn around 8 lac Dollar

January 5, 2020

8 TH BANGLADESH BRAND FORUM SEMINAR HELD

April 28, 2019

Marcel fridge sales jumped by 137 pc in...

June 13, 2019

Leave a Comment Cancel Reply

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

Recent Posts

  • 5G-A and AI Fostering the Intelligent Connectivity

    June 27, 2025
  • Dr. Abdulla Receives Prestigious Doctorate Degree for Global PMO Leadership and Innovation

    June 26, 2025
  • Pepe Jeans Powers up in Jaipur with its Biggest Indian Store Yet

    May 15, 2025
  • Shafayat Alam takes helm as CEO of Nagad

    May 14, 2025

Popular Posts

  • 1

    Infinix Showcases AI-Driven Next-Gen Customization at MWC 2025

  • 2

    Buyers win iPhones by buying products from ‘Beauty Booth’

  • 3

    Which Technology of Water Filter is Good for Bangladesh?

  • 4

    HONOR to reveal ‘Alpha Plan’ and showcase AI innovations at MWC 2025

  • 5

    vivo V50 Lite Launches in Bangladesh with Tahsan at Grand Event

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • August 2023
  • July 2023
  • 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

  • realme launches C75x: The ultra-waterproof smartphone under Tk 18,000 in Bangladesh

  • TECNO launches CAMON 40 Series with FlashSnap & IP68 & IP69 Waterproof technology

  • Infinix leading another lifestyle with Note 50 series

  • Stylish HONOR X8c to hit Bangladesh market soon with 512GB Massive Storage

  • vivo V50 Lite Launches in Bangladesh with Tahsan at Grand Event

Popular Posts

  • 1

    Shafayat Alam takes helm as CEO of Nagad

  • 2

    Prime Bank PLC. Partners with Toyota-Navana Limited

  • 3

    Prime Bank & bKash Enter into Payroll Agreement

  • 4

    tap brings payment facilities at Cantonment CSD

  • 5

    Valentine’s Day store at kaymu


Tech and Teen is proudly powered by WordPress