DGePay Services Limited
DGePay Services Limited, branded as DGePay, is the first Payment Service Operator (PSO) in Bangladesh to receive a White Label Merchant Acquiring (WLMA) NOC from Bangladesh Bank.
The Company is planning to establish the largest nationwide merchant payment network, enabling instant and secure money transmissions through the DGePay Mobile application.
In the current context of our nation, technology is being used in almost every aspect of life. A new horizon has opened up for the use of technology to complete commercial transactions, also known as e-commerce. The only app. that will make your life easier and safer is DGePay. You can transfer money from one bank account to another using your smartphone, while also using other financial service provider applications. Considering the needs of the common people of Bangladesh, DGePay will not only assist individuals, but shall also be a part of their daily lives.
People throughout the world avoid carrying cash with preference of using mobile financial services or debit/credit cards, paving the way towards a cashless society, which in turn offers numerous advantages e.g., less risk of fraud and robbery, no cash handling fee, no trip to the bank or ATM, shorter lines, and faster transit routes. To this added global adoption comes the recently introduced QR code (Quick Read Code) payment, which has created a new wave by allowing customer transaction coverage in mammoth lengths, starting from street sellers, small restaurants all the way to large retail stores and many more. Unlike cash or a credit card, QR codes are completely contactless and much easier to execute by simply scanning a merchant code in either static or dynamic mode. At present, the Central Bank of Bangladesh has issued a standard “Bangla QR” based code, which is expected to be adopted by all local users throughout the country.
Services Offered by DGePay:
DGePay will establish secure connectivity between online market places and the core system of the Banks/PSPs/MFS’, thus enabling its customer base to make all payments online.
Customers visiting a retail store for purchase shall obtain a secure payment network, other than cash for all related POS retail purchases.
Purchases from QR code at Retail Store
A QR code is a matrix barcode that contains data for an allocator, identifier, or tracker and links to a website or app. Customers in rural, suburban, and less commercially important parts of big cities shall be able to make payments here.
A transaction involving a manufacturer and a wholesaler, or a wholesaler and a retailer, is referred to as a merchant payment. Business-to-business (B2B) transactions are those that take place between businesses rather than between businesses and individuals. In Bangladesh, the distribution network of goods and service providers, particularly wholesalers of FMCG (fast moving consumer goods), are extensive. There might not be a village in the world that does not get its fair share of goods and services. Despite the manufacturing and service industries' huge distribution networks, banking services have not grown in lockstep. Because cash has so many drawbacks, FMCG companies prefer to avoid handling it. It is always desirable for suppliers of goods and services, as well as FMCG enterprises, to receive payments electronically rather than in cash. DGePay will encourage both merchants and their suppliers to use its system to make and receive payments. This will ensure that payment is made quickly, safely and accurately.
Cash Advance Services
- Cash advance from savings account
- Cash advance from MFS Account
- Cash advance from Debit/ Credit cards
Utilities and Value added services
- Mobile top up
- Utility Bill payment
- Cash loading in MFS Accounts
- Cash Deposit Into Bank/Current Accounts
- Credit card payments