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The largest payment gateway of Bangladesh SSLCOMMERZ and the leading global payment network UnionPay International have signed an agreement, according to a release.
From now on UnionPay cardholders can pay digitally by scanning Bangla QR.
The agreement was signed at the headquarters of SSLCOMMERZ on Thursday.
Senior management from both organisations attended the event online. Shao Min, general manager, UnionPay International, Jerry Jiang, regional head of UnionPay International and Ahmed Kamal Khan Chowdhury, group advisor and Sayeeful Islam, managing director of SSLCOMMERZ attended it.
Small, medium and large entrepreneurs, restaurants, grocery shops, and other retailers from different verticals and end users of different socio-economic classes can avail the benefits of this advanced contactless payment method.
Bangla QR is the national QR for digital payments authorised by Bangladesh Bank. Customers can pay digitally by scanning the Bangla QR using the mobile payment applications provided by banks. As there is no cash or card exchanged during the payment process, it is considered the most advanced contactless payment method which will enable customers to stay safe during the pandemic situation.
SSLCOMMERZ has been a pioneer in providing services in the online payment and e-commerce industry of Bangladesh for almost a decade and has been working with good reputation in providing singular online payment services to merchants.
UnionPay International is accelerating the rollout of its mobile payment products and services in Bangladesh, and became the first international card scheme to carry out businesses in QR code payment, virtual card issuance and e-wallet in Bangladesh.
SSLCOMMERZ platform is PCI DSS certified and licensed as a Payment System Operator (PSO) from Bangladesh Bank. PCI DSS is a globally recognised compliance certification of data security for banks and financial institutions which enables the service providers to strengthen online payment security while collecting, processing, and storing customers’ card information.