PayPal Delegation Visits Bangladesh on BASIS Invitation

2012-04-24

A PayPal delegation visited Dhaka on 23 and 24 April, 2012 on BASIS invitation. The delegation included Mr. Salil Mody, Head of Core Payments, PayPal South East Asia and Mr. Nath Parameshwaran, Head - Corporate Affairs at PayPal India. The objective of the visit of the delegation was to meet and share information with the stakeholders of payment system including regulators, commercial banks and prospective users of the payment service so that an appropriate business and operation model can be established at the earliest possible time to start its operation in Bangladesh.

On 23rd April, PayPal executives met BASIS EC members, a number of small IT service exporters and freelance outsourcing contractors. The PayPal team also discussed with few commercial banks for prospective partnership.

On 24th April, PayPal team met Bangladesh Bank officials including the Governor Dr. Atitur Rahman, Deputy Governor Ms. Nazneen Sultana and Executive Director Mr. Ahsan Ullah. During the meeting with Bangladesh Bank, BASIS President Mr. Mahboob Zaman and Senior Vice President Fahim Mashroor were present. During the discussion with Bangladesh Bank, the Bangladesh Bank team invited PayPal to start their operation in Bangladesh and assured all kind of regulatory and facilitation support in this regard. The Governor also thanked BASIS for its role in facilitation with PayPal so that its services can be started at the earliest that can help the IT service exporters.

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