MONTREAL, Feb. 22, 2012 /CNW Telbec/ - AlertPay, a Canadian online
payment platform, has officially entered Bangladesh as the country's
first online payment service provider. AlertPay, in collaboration with
Bangladesh-based Casada Technology Ltd., will be providing Bangladeshi
freelance IT workers with the ability to receive international
payments, conveniently and affordably, directly transferred into their
local banks. Until now this essential service has not been available to
Bangladesh is quickly becoming a major service exporting country, with a
growing number of citizens working for overseas clients, especially in
the Information Technology (IT) sector. According to the Bangladesh
Association of Software and Information Services (BASIS), there are
over 25,000 IT engineers in Bangladesh working for over 600 software
and IT companies. At least 150 of these companies specialize in serving
overseas clients - and the number is growing. As the IT sector is
becoming an increasingly vital part of the country's developing
economy, the Government of Bangladesh has declared the Software and IT
Services sector a 'High Priority' export. The AlertPay-Casada
partnership will play a vital role in the development of this sector.
Individual service exporters in the country have faced a major roadblock
which has stunted the sector's growth and development. Until today,
there has been no secure, cost-effective and efficient system for
accepting international payments. AlertPay is now able to provide the
solution of a localized service to Bangladeshis needing to transfer
money from international accounts into their local bank accounts.
"Our global online payment platform will allow Bangladeshis with an
AlertPay account to receive payments from employers abroad into their
AlertPay E-Wallet. The funds can then be withdrawn from their AlertPay
E-Wallet and deposited directly into their local bank accounts,"
explains Firoz Patel, CEO of AlertPay. "Our platform will result in
instant savings for our Bangladeshi members, who now have an
alternative method to avoid costly payment receiving options such as
bank wires and debit cards."
AlertPay will begin processing bank transfer withdrawals into
Bangladeshi accounts at the end of February, according to Patel.
Individual service exporters working in the IT sector will be
introduced to this new service at the BASIS Soft Expo 2012, the largest
information and communications technology exposition in Bangladesh. The
event, held at the Bangabandhu International Conference Centre from
February 22-26, will provide IT professionals in Bangladesh with the
opportunity to learn more about AlertPay and its services.
Bangladeshis will be able to take advantage of this new service by
signing up for a free AlertPay account at www.alertpay.com. This new service will be instrumental in allowing freelance workers to
increase their earnings by enabling them to receive payments from
across the globe and transfer their funds into their local bank
accounts. AlertPay will bolster growth in Bangladesh's outsourcing
market by providing Bangladeshi freelancers with a simple and
convenient way to receive payments globally and to transfer funds
locally, for the lowest fees ever offered in Bangladesh.
AlertPay is a Montreal, Canada-based online payment platform that
specializes in making and accepting secure e-wallet and credit card
payments. The company has 8 million members and offers its services in
197 countries and in 22 different currencies. More than 75,000
merchants use AlertPay as a one-stop-shop solution to accepting
payments. The Company also offers foreign exchange services, localized
banking, fraud prevention, email invoicing, mass and single remittances
and business management tools.
For further information:
Cohn & Wolfe, Colin Danby,
514.845-7060 (direct line)
514.679-1622 (cell phone)