Mobile money transfer service extended to 606 post offices
Monday, 28 June 2010
Sonia H Moni
Bangladesh Post Office (BPO) Sunday extended its Mobile Money Transfer Service to 606 post offices throughout the country to ensure easy and fast money transfer, official sources said.
BPO Additional Director General AKM Shafiur Rahman told the FE, "Today we have started to provide Mobile Money Transfer Service at 606 post offices that will cover all districts, upazilas and some selected sub-post offices across the country."
"With a view to providing money order service to mid-income and poor people, we have introduced this service with half the traditional money order service cost. The customers will get this service through mobile and web."
BPO started Mobile Money Order Service in 104 post offices including those in district towns, some important upazilas and sub-post offices on May 5 last, he said.
He said, "We have a plan to cover 1,400 post offices within December this year and 8,500 post offices across the country by June 2011."
"Speedy money transfer is the demand of the day. Now anyone can send money within two or three minutes through this mobile-based money transfer service while manually it takes at least three to five days and even seven days."
For the mobile-based system, the post offices will charge Tk 20 for the first Tk 1,000 and Tk 10 for each of the next Tk 1,000. Besides, Tk 7.0 will be charged as electronic cost. Anyone can send money order worth Tk 10,000 in the maximum at a time.
To avail this service, an interested sender will have to fill up a form mentioning his or her name, address and mobile phone number and also the name and address of the recipient.
The money order issuer post office will send the data to the central server, which will in turn send an automatically-generated personal identification number (PIN) through a short message service (SMS) to the mobile phone of the sender.
The sender then will tell or send the PIN number to the recipient through SMS. However, a secret code for the recipient is a must for withdrawing money from the post office nearby.
The BPO has signed an agreement with Banglalink for the total connectivity of the service.
Bangladesh Post Office (BPO) Sunday extended its Mobile Money Transfer Service to 606 post offices throughout the country to ensure easy and fast money transfer, official sources said.
BPO Additional Director General AKM Shafiur Rahman told the FE, "Today we have started to provide Mobile Money Transfer Service at 606 post offices that will cover all districts, upazilas and some selected sub-post offices across the country."
"With a view to providing money order service to mid-income and poor people, we have introduced this service with half the traditional money order service cost. The customers will get this service through mobile and web."
BPO started Mobile Money Order Service in 104 post offices including those in district towns, some important upazilas and sub-post offices on May 5 last, he said.
He said, "We have a plan to cover 1,400 post offices within December this year and 8,500 post offices across the country by June 2011."
"Speedy money transfer is the demand of the day. Now anyone can send money within two or three minutes through this mobile-based money transfer service while manually it takes at least three to five days and even seven days."
For the mobile-based system, the post offices will charge Tk 20 for the first Tk 1,000 and Tk 10 for each of the next Tk 1,000. Besides, Tk 7.0 will be charged as electronic cost. Anyone can send money order worth Tk 10,000 in the maximum at a time.
To avail this service, an interested sender will have to fill up a form mentioning his or her name, address and mobile phone number and also the name and address of the recipient.
The money order issuer post office will send the data to the central server, which will in turn send an automatically-generated personal identification number (PIN) through a short message service (SMS) to the mobile phone of the sender.
The sender then will tell or send the PIN number to the recipient through SMS. However, a secret code for the recipient is a must for withdrawing money from the post office nearby.
The BPO has signed an agreement with Banglalink for the total connectivity of the service.