For the longest time, Freelancers in the country have struggled to receive payment for the work done overseas for foreign clients. Which has been one of the biggest barriers for many aspiring individuals who want to take up freelancing as a career option. But finally bKash has taken a drastic step and joined hands with Payoneer, an international online payment gateway service provider that allows users to send or receive payments from around the world. Well done to the mobile financial service provider (MFS) bKash, which is already doing a great job simplifying the online payments process and making it much easier.
From today, 10th February 2022 onwards the service will be available for all the 5.85 crore bKash users across the country. They are now a government authorized official channel for incoming foreign remittance. This means freelancers can work from the remotest locations and receive their payment on time hassle free.
Earlier, freelancers had to go to third party sources or had to connect with a friend or family living abroad to receive their payment. Now with bKash providing this service receiving payment from overseas will be a matter of few seconds. Under the agreement, Brac Bank will act as the Local Payment Gateway. Remittances will be transferred to the lender via Bangladesh Bank through Payoneer before they are deposited in the recipient’s bKash account. Freelancers will have to link their Payoneer accounts with bKash accounts to avail the service. Withdrawal can be made when a minimum of Tk 1,000 is deposited to the bKash account.
Last year in February Bangladesh Bank allowed Mobile Financial Service (MFS) providers in the country to facilitate the remittance of local freelancers. Prior to this, only banks were allowed to provide such remittance services.