Bangladesh is becoming the world’s next destination for international investment and outsourcing. Bangladesh is now a very promising name for the selection of freelancers among the developed countries of the world. Because many skilled workers of the country’s young society are providing services to countless foreign business organizations and clients through various online platforms. Investors are also keeping the name of Bangladesh in their list of preferences.
However, despite the skilled population and favorable working environment, the country’s payment ecosystem has become a major obstacle to foreign transactions. Not only freelancers, but also many entrepreneurs who work with foreign investors, according to them, comparing to many countries in the international arena, Bangladesh’s payment system has strict regulations, excessive money transfer fees and export quotas; Which makes international transactions fragile. Future transactions are also blocked.
Apparently, all these issues are considered as the main challenges of receiving international payments, but the lack of awareness and lack of clear understanding of the legal principles related to payments remains hidden. Therefore, the sector concerned feel that there is no alternative to training and workshops to build awareness.
This was what the speakers opined at a workshop held on Wednesday (May 3) at a conference center in the capital on the existing obstacles in receiving international payments. The Bangladesh Association of Contact Centers and Outsourcing (BACCO), a trade body dedicated to the country’s BPO/outsourcing industry, organized the day-long training workshop titled ‘The Challenges of Accepting International Payments: How to Build a Sustainable Payment Ecosystem for Global Growth’ for its member organizations.
Abdullah Al Mamun, Chief Executive Officer of ‘Dial to Support’, outlined the strategy to determine possible sustainable solutions for the payment system while retaining the global growth in the situation arising in the workshop. Representatives of the popular international payment gateway ‘Payoneer’ were also present.
‘Business Promotion Council (BPC)’ under the Ministry of Commerce of the Government of Bangladesh was the overall supporter and sponsor of the event.
52 trainees from 45 member organizations of BACCO participated in this workshop.
In his welcome speech at the workshop, Mr. Md. Aminul Haque, BACCO Finance Secretary said, “Outsourcing can keep the wheels of the country’s economy moving by ensuring Bangladesh’s spontaneous participation in international arenas, which requires urgent action to eliminate all obstacles in payment transactions. We hope this small effort of ours will solve many problems and make the payment process easier for many.”
BACCO Director Md Musnad E Ahmed and IBPC Executive Officer Md. Faisal Khan were also present in this day-long workshop. At the end of the workshop, all the participants were given certificates.