ITCL and the Bangladesh Post Office are rolling out this initiative to enable people to remit money to any part of the country within minutes leveraging the mobile and a postal cash card instead of the existing Money Order Service which take almost a week Link to external site : Website for Bangladesh Post Remittance in minutes Bangladesh |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2010 Jun Register/Log In |
| Importance |
Medium Register/Log In |
| Traction | |
| Evaluation |
Provided in all 64 districts: successful mobile and web based remittance service. Thanks to the EMTS, the number of daily electronic money orders is around 11,000 across the country (Source: mBillionth 201107).
Bangladesh PO website 1/10/2012: This service was commercially launched in a limited scope (in 104 post offices) on May 01, 2010 A.D. However, in response of overwhelming demand, this service has now been expanded in 1150 post offices throughout the country including all district Head Post Offices and Upazila Post Offices. This service has got wide acceptability and popularity within a short period of time, which can be regarded as a significant achievement. |
| Account Type |
Cash Register/Log In |
| Business Model |
Joint collaboration and revenue share between ITCL and the Bangladesh Post Office. Upgrade to Bronze |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Agent  Mobile  Web |
 Card  Cash |
 |
Card  DMT  MM |
|
Card Cash |
Agent Mobile Web |
| Model |
non-bank based Upgrade to Bronze |
| Who Leads? |
third party led Upgrade to Bronze |
| Reach |
National Upgrade to Bronze |
| Active Users |
16,000 Upgrade to Bronze |
| Registered Users |
16,000 Upgrade to Bronze |
| Potential Mobile Market (m) |
88.522 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
OtherCard Register/Log In |
| ServicesDescription |
Offers remittance in minutes through multiple channels. The services sends an SMS with a 16 digit unique PIN to the sender's mobile phone and a separate confirmation message is sent to the issuing post office. Upgrade to Bronze |
| Channels | |
| Payment Instruments | |
| Cash I/O Description |
201210 PO Website: 1150 post offices Upgrade to Bronze |
| Cash I/O No Of Locations | |
| Handsets | |
| Technologies |
SMS, Use of mobile EMTS phone at Post Office Register/Log In |
| Interoperability |
Any mobile operator Register/Log In |
| RegistrationProcess |
The sender goes to the post office and fills up an issue form (EMO -1) giving required information like sender name, address, mobile phone number, recipient's name, address mobile phone number, amount of money to be sent etc. The post office staff sends the information to the central server through the computer or official EMTS mobile phone. When the request is accepted and confirmed by the server through issuing SMS generating a 16 digit unique PIN to senders mobile phone and a separate confirmation message is sent to issuing post office. The sender shall inform the recipient to collect the money from his/her nearest post office. The recipient goes to the post office and again fill up the disburse form (EMO-2) and claim the money showing the PIN. The post office counter operator verifies the information given by the recipient from server with those used earlier by sender; if everything is match the disbursement procedure is made. As soon as the disbursement is completed the sender is again confirmed by another SMS generated by the server. Register/Log In |
| Main Segment | Sellers |
| Segment Description | Unbanked |