Electronic Money Transfer Service of Bangladesh Post Office
Description
Transfer of money from one location to another with the use of devices like computer and /or mobile phones by Bangladesh Post Office. It is the replacement of paper based traditional money order to satisfy the urgent need of the customer as well as creating quick and regular flow of money through a trusted legalized channel. Computer needs continuous supply of electricity. But it is a major problem in Bangladesh especially in some rural areas. On the other hand mobile phone needs not continuous supply of electricity and can easily be charged by battery or solar charger. Moreover 50% of the total population in Bangladesh are using mobile phone and each and every house hold have at least one mobile phone, so Bangladesh Post introduced EMTS , which is not dependent on any specific power sources thus giving option for continuous support for EMTS.
What we deliver
Bangladesh Post provides the monetary solution named Electronic Money Transfer Service (EMTS) for those want to send money instantly anywhere within the national territory. Most commercial banks are doing the same, but they do not have much branches and not so widely distributed, so Post Office is the best choice for millions to avail the instant money remittance service.
Whom we deliver
The current users of this service are businessmen, migrant workers, students and some companies. The migrant workers in urban areas keeping their families in the countryside are using this service to remit money to their families. Students of different universities/ colleges are getting their monthly expenses from their guardians through this service. Students are paying their admission fees and other dues using this service. Salary disbursement of company employees working in different regions of the country are currently made by EMTS.
Why is the project unique?
This Service is safe (a secured VPN channel is maintained) and speedy. People getting the service from maximum locations in the country as compared to other remittance channels. The service points are familiar to people and they feel comfortable to obtain service from these points. Its a total solution for people to send or receive money. Every month some more hundreds of locations are being brought under this service.
Roadmap
Bangladesh Post will expand this service to its all ten thousand locations gradually. Citizens anywhere in the country can avail this service from their convenient locations. Bangladesh Post will work as the cash points of some of the commercial Banks in remote locations not having branches in those areas. People can even deposit their Insurance premiums through this service. In near future people will not required to come to post office location for transacting money. Even living in their home they can request sending or transferring money to some ones mobile phone/ post office account, bank account or pay bills from their own account using computer or mobile phone. Students will be able to pay their tuition fees and other dues using this service. This will create lot of options for EMTS in future.
Contact
Md Siraz Uddin
Bangladesh Post
Dak Bhaban, Dhaka-100000
Bangladesh
Bangladesh Post Office EMTS Mobile based.ppt
