Postal cash card operation begins
Monday, 14 June 2010
Sonia H Moni
Bangladesh Post Office (BPO) launched its postal cash card operation in 31 post offices in Dhaka and greater Comilla on Friday, BPO chief said.
BPO Director General M Mobasherur Rahman told FE, "Postal cash card is a plastic prepaid card that contains detailed information of the card holder and amount of money available."
"We will provide this service through five post offices in Dhaka and 26 post offices in Comilla and in the first day we have sold 25 postal cash cards in these post offices without any advertisement."
"A cash card holder can use this to pay electricity, water and phone bills and to buy anything from renowned chain shops," he said.
He said, "We will provide this easy money transfer service in 1000 to 1500 post offices this year and we are hopeful about block allocation of government. We have a plan to provide this service among one million people."
Mr Rahman said, "A cash card holder can load and withdraw Tk 10 to Tk 1,00,000 at a time from Point of Sale (POS) of the selected post office. POS or checkout is the location where a transaction occurs."
A "checkout" refers to a POS terminal or more generally to the hardware and software used for checkouts, the equivalent of an electronic cash register.
ATM vendor and switching solution provider, IT Consultants Limited (ITCL) will provide this service under Q-cash.
He said, "A person will come to a post office and fill up a form furnishing requisite personal details and receive the cash card instantly."
Bangladesh Post Office (BPO) launched its postal cash card operation in 31 post offices in Dhaka and greater Comilla on Friday, BPO chief said.
BPO Director General M Mobasherur Rahman told FE, "Postal cash card is a plastic prepaid card that contains detailed information of the card holder and amount of money available."
"We will provide this service through five post offices in Dhaka and 26 post offices in Comilla and in the first day we have sold 25 postal cash cards in these post offices without any advertisement."
"A cash card holder can use this to pay electricity, water and phone bills and to buy anything from renowned chain shops," he said.
He said, "We will provide this easy money transfer service in 1000 to 1500 post offices this year and we are hopeful about block allocation of government. We have a plan to provide this service among one million people."
Mr Rahman said, "A cash card holder can load and withdraw Tk 10 to Tk 1,00,000 at a time from Point of Sale (POS) of the selected post office. POS or checkout is the location where a transaction occurs."
A "checkout" refers to a POS terminal or more generally to the hardware and software used for checkouts, the equivalent of an electronic cash register.
ATM vendor and switching solution provider, IT Consultants Limited (ITCL) will provide this service under Q-cash.
He said, "A person will come to a post office and fill up a form furnishing requisite personal details and receive the cash card instantly."