Business

Oct152024 by No Comments

Visa’s Scan to Pay wins award for ‘Best Innovation in Retail Payment Solution’

Visa (NYSE: V), the global leader in digital payments, has recently won the 'Best Innovation in Retail Payment Solution' Award at the Bangladesh Retail Awards 2024 for its 'Scan to Pay' solution with bKash. The innovative solution has made digital payments more seamless, hassle-free, and secure for Visa cardholders. Speaking on the occasion, Sabbir Ahmed, Country Manager, Bangladesh, Nepal, and Bhutan, Visa, said " We are delighted that our 'Scan to Pay' solution, in partnership with bKash, has won this prestigious award. This underscores Visa's commitment to innovation, superior customer experiences and enhancing the digital payments landscape of our country. The rapid adoption of Scan to Pay, backed by Visa's unparalleled convenience, security and brand promise, helps make a signific...

Oct152024 by No Comments

UCB introduces wide range of new products to realize Three Zeroes vision

Breaking News, Business

Country's leading private bank United Commercial Bank PLC (UCB) has brought in a new range of products – both deposit account & loan package – in alignment with the Three Zeroes vision, an idea proposed by Professor Muhammad Yunus. In his book "A World of Three Zeroes", the chief adviser of the interim government Dr. Yunus has envisioned a world defined by zero poverty, zero carbon and zero unemployment (Three Zeroes). To materialize this dream, it is important that stakeholders of the banking as well as financial ecosystem take effective steps to introduce products that will help achieve such a world by empowering the underserved and enabling the youth. In accordance with this vision, UCB has today (15 October) introduced new products through a press conference held at the bank's he...

Oct102024 by No Comments

United Commercial Bank PLC signs MoU with Gono Bishwabidyalay

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United Commercial Bank PLC (UCB) and Gono Bishwabidyalay have signed a Memorandum of Understanding (MoU) to provide a range of banking services, including tuition fee collection and other banking facilities. The signing ceremony took place at the Corporate Office of United Commercial Bank PLC on 9 October. Mohammad Mamdudur Rashid, Managing Director & CEO of UCB, and Professor Dr. Md. Abul Hossain, Vice Chancellor of Gono Bishwabidyalay, graced the event.Also present at the ceremony were Mr. Nabil Mustafizur Rahman, Additional Managing Director of UCB; ATM Tahmiduzzaman, Additional Managing Director of UCB; Md. Sekander-E-Azam, SEVP and Head of Transaction Banking at UCB; Professor Md. Serajul Islam, Treasurer of Gono Bishwabidyalay; Abu Muhammad Mukammel, Registrar (In-charge) of...

Oct102024 by No Comments

SME Foundation and foodpanda host skill development workshop for small entrepreneurs

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SME Foundation in collaboration with food and grocery delivery platform foodpanda organized a workshop recently aiming to support and boost skills of small and medium-sized entrepreneurs (SMEs) in transitioning from social media commerce to larger online marketplaces.Around Forty entrepreneurs, primarily women, selling homemade products such as cakes, pithas, frozen foods, ghee, sweets, and ice cream through online platforms like Facebook, took part at the workshop and explored ways to scale their businesses by joining major online marketplaces.Sirajul Haque, Head of Sales at foodpanda conducted the workshop held at the SME Foundation office in Agargaon in the city and discussed the steps entrepreneurs can take to join these platforms and the strategic changes needed in their op...

Oct92024 by No Comments

Grameenphone Launches Country’s First Speed-Based Limitless Internet Packs

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Grameenphone, the largest telecommunications operator in Bangladesh, has made a significant leap forward in enhancing digital connectivity by launching the country’s first-ever speed-based limitless internet packs. These new offerings are designed to provide unparalleled freedom and flexibility to customers in their internet usage.With these uniquely designed innovative packs, users can now enjoy limitless internet access, tailored to suit diverse needs and preferences, marking a significant milestone in the country's digital landscape. Customers can choose from a range of speed-based tiers, including a 7-day upto 10Mbps pack for BDT 269, a 30-day upto 10Mbps pack for BDT 899, and a 30-day upto 15Mbps pack for BDT 998. These pioneer packs allow limitless internet usage with aforementio...

Oct92024 by No Comments

UCB Investment Ltd. Recognized as Best Securities House in Bangladesh by Euromoney for 2024

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UCB Investment Ltd. (UCBIL), already esteemed as the Best Investment Bank in Bangladesh, has added another prestigious accolade to its portfolio by being named the Best Securities House in Bangladesh for 2024 by Euromoney. This distinguished honor underscores UCBIL's leadership in the financial sector of Bangladesh, setting it apart from all other merchant banks, stock brokerages, asset management companies, and other capital market institutions in the country. This is the first time any company in Bangladesh has won this award. Other notable winners include OCBC Securities from Singapore, China International Capital Corporation (CICC) from China, and Axis Capital from India.This recognition by Euromoney follows previous acknowledgments from both Euromoney and FinanceAsia in 2023 and 2...

Oct82024 by No Comments

Unilever Consumer Care Wins ‘Gold award’ from ICSB

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Unilever Consumer Care Limited (UCL) has received the ‘Gold Award’ from the Institute of Chartered Secretaries of Bangladesh (ICSB) for Corporate Governance Excellence. The 11th ICSB National Award was handed over to UCL at a gala event in a city hotel yesterday. Dr. Salehuddin Ahmed, Honorable Adviser, Ministry of Finance, Ministry of Commerce and Ministry of Science and Technology, Government of the People's Republic of Bangladesh, has graced the occasion as the Chief Guest and handed over the trophies and certificates to the winning companies.The prestigious award was received by S. O. M. Rashedul Quayum, Non-Executive Director, along with Md. Naharul Islam Molla, Company Secretary and Regulatory Affairs Head, and other senior officials from UCL.Dr. Md. Khairuzzaman Mozumder, Secret...

Oct82024 by No Comments

Guardian Life Declares 20% Dividend

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Guardian Life Insurance Limited has declared a 15% stock dividend and a 5% cash dividend for its shareholders for the year 2023 during its 11th Annual General Meeting (AGM).This declaration reflects Guardian Life's ongoing efforts to maximize shareholder value, which have driven the company’s outstanding business performance since its establishment. It is worth noting that the company distributed a 15% cash dividend in both 2021 and 2022, as well as an 85% stock dividend in 2019, demonstrating its commitment to rewarding shareholders.Since its inception in 2013, Guardian Life Insurance, a fourth-generation life insurance company sponsored by Apex, BRAC, and Square, has consistently shown strong growth across all financial indicators. With investments of BDT 546 crore, the company h...

Oct82024 by No Comments

MetLife’s Regional President visits Bangladesh

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Lyndon Oliver, Regional President of MetLife Asia, recently visited Bangladesh as part of his ongoing engagement with MetLife’s diverse markets across the region.Oliver took the opportunity to meet with MetLife Bangladesh’s employees and agents, expressing his deep appreciation for their hard work and dedication. His visit also included attending a special annual ceremony recognizing the best of MetLife Bangladesh's agents.Speaking about his visit, Oliver said, “Bangladesh is an important market for MetLife and I am always delighted by the passion and dedication of our people here. Their focus on delivering innovative solutions and high-quality service to our customers truly reflects our purpose of being always with you, building a more confident future.”As the largest life ins...

Oct82024 by No Comments

Banglalink brings in co-branded cards in collaboration with EBL and Mastercard

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The innovative digital operator Banglalink, in collaboration with Eastern Bank PLC (EBL) and Mastercard, launched three new co-branded cards for Banglalink Orange Club members today.Driven by an urge to empower the customers to help them reach their full potential, Banglalink keeps coming up with digital solutions and time-befitting offers for adding value. In its continuation, these 3 new co-branded cards – namely the Mastercard World Credit Card, Mastercard Titanium Credit Card, and Mastercard Prepaid Card – have been launched. Members of Banglalink Orange Club, a loyalty program for Banglalink users, can enjoy special offers and redeem reward points against their purchases using these cards.Cardholders using the Titanium Credit Card will get a free card, while Mastercard World c...