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BKash
bKash ( bn, বিকাশ) is a mobile financial service in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank Limited. This mobile money system started as a joint venture between BRAC Bank Limited, Bangladesh and Money in Motion LLC, United States of America. As a mobile financial service (MFS) provider in Bangladesh through bKash users can deposit money into their mobile accounts and then access a range of services, in particular transferring and receiving money domestically, making payments. Services like mobile recharge or paying utility bills are also possible through bKash USSD (*247#) and bKash App. A user can receive money from overseas on bKash. In November 2021, bKash became the first ever Unicorn startup (a startup whose valuation is $1 billion or more) company in Bangladesh. ''Fortune magazine'' ranked bKash among the top 50 companies in their ''Change the World'' list in 2017. According to Fortune, 22% of Bangladeshi adults u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kamal Quadir
Kamal S. Quadir is a Bangladeshi American entrepreneur and artist best known for introducing e-commerce in Bangladesh by founding CellBazaar, an electronic marketplace which, after reaching 4 million users, was acquired by Norwegian telecommunications operator Telenor in 2010. CellBazaar later was rebranded as ekhanei.com. He is the brother of Iqbal Quadir. Quadir is currently heading the company bKash, which provides financial services through a network of community-based agents and existing technology, including mobile phones. bKash is world's second largest and fastest growing mobile financial services company. Quadir is a founding member of Open World Initiatives, a Lausanne, Switzerland-based organization of young thinkers. He is involved with Anwarul Quadir Foundation which recognises innovations in developing countries. He is a First Mover Fellow of The Aspen Institute. In 2009, TED selected Quadir a TED Fellow and the World Economic Forum recognised him as a Young Globa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BRAC Bank Limited
BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises (SME). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges, 457 SME Unit Offices, 481 agent banking outlets, 375 ATMs, and 96 CDMs. History BRAC Bank was founded on 4 July 2001 to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises. Financial services * SME Banking * Retails Banking * Card Service (Credit & Debit) * Foreign Exchange & Related Services * Wholesale Banking & Custodial Service * Probashi Banking Distribution network * Business Region: 7 * Total Branches (Including SME SC/KB): 187 * Zonal Offices: 185 * Premium Lounges: 18 * ATMs: 375 * CDMs: 96 * SME Unit Office: 457 * Agent Banking Outlet: 481 * Remittance Delivery Point : 1800 Subsidiaries The subsidiaries are * BRAC E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brac Bank
BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises (SME). The bank has its head office in Dhaka, Bangladesh. It has 187 branches, 18 Premium Banking lounges, 457 SME Unit Offices, 481 agent banking outlets, 375 ATMs, and 96 CDMs. History BRAC Bank was founded on 4 July 2001 to reach the large number of unbanked people which were not covered by traditional bank. The main concept of the bank was to facilitate Small and Medium Enterprises. Financial services * SME Banking * Retails Banking * Card Service (Credit & Debit) * Foreign Exchange & Related Services * Wholesale Banking & Custodial Service * Probashi Banking Distribution network * Business Region: 7 * Total Branches (Including SME SC/KB): 187 * Zonal Offices: 185 * Premium Lounges: 18 * ATMs: 375 * CDMs: 96 * SME Unit Office: 457 * Agent Banking Outlet: 481 * Remittance Delivery Point : 1800 Subsidiaries The subsidiaries are * BRAC E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ant Group
Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching in June 2020. It is the second largest financial services corporation in the world, behind Visa. In March 2019, ''The Wall Street Journal'' reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the largest in the world, with over 588 million users, or more than a third of China's population, contributing cash to it. In October 2020, Ant Group was set to raise US$34.5 billion in the world's largest IPO at the time, valuing the company at US$313 billion. On the eve of the IPO, China stopped the process from moving forward. It was reported that the Chinese Communist Party leader Xi Jinping personally scuttled the Ant IPO. On 12 April 2021, ''The Wall Street Journal'' report ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ant Financial
Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching in June 2020. It is the second largest financial services corporation in the world, behind Visa. In March 2019, ''The Wall Street Journal'' reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the largest in the world, with over 588 million users, or more than a third of China's population, contributing cash to it. In October 2020, Ant Group was set to raise US$34.5 billion in the world's largest IPO at the time, valuing the company at US$313 billion. On the eve of the IPO, China stopped the process from moving forward. It was reported that the Chinese Communist Party leader Xi Jinping personally scuttled the Ant IPO. On 12 April 2021, ''The Wall Street Journal'' report ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alipay
Alipay () is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based. Alipay overtook PayPal as the world's largest mobile (digital) payment platform in 2013. As of June 2020, Alipay serves over 1.3 billion users and 80 million merchants. According to the statistics of the fourth quarter of 2018, Alipay has a 55.32% share of the third-party payment market in mainland China, and it continues to grow. History The service was first launched in 2003, by Taobao. The People's Bank of China, China's central bank, issued licensing regulations in June 2010 for third-party payment providers. It also issued separate guidelines for foreign-funded payment institutions. Because of this, Alipay, which accounted for half of China's non-bank online payment market, was restructured as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iqbal Quadir
Iqbal Z. Quadir ( bn, ইকবাল জেড. কাদীর) is an entrepreneur and promoter of the role of entrepreneurship and innovations in creating prosperity in low-income countries. He has taught at Harvard Kennedy School and at Massachusetts Institute of Technology. He is the brother of Kamal Quadir. "In 1993, before others imagined the possibility, and only one percent of Americans were using mobile phones, Quadir saw mobiles as productivity tools to lift up the poorest in the world." Between 1993 and 1997, Quadir founded Grameenphone in Bangladesh to provide universal access to telephone service and to increase self-employment opportunities for its rural poor. In 2007, he founded the Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), of which he is now founder and director emeritus. A year earlier, he co-founded, and continues to edit, ''Innovations'', an MIT Press journal. Early years Quadir was born in Jess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Service Providers
A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: * the use of money, cheque, or debit, credit, or bank transfers, whether through mobile payment or otherwise * the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly effected in the local currency of the payee unless the parties agree otherwise. Payment in another currency involves an additional foreign exchange transactio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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