Nagad signed an agreement with Huawei Technologies yesterday to work together in order to transform people’s smart transaction experiences..Tanvir A Mishuk, founder and CEO of the mobile finance service (MFS) provider, and Pan Junfeng, president of Huawei South Asia region and CEO of Huawe
On September 16, 2021, Rassel and Shamima were arrested from their Mohammadpur residence in the capital in a case filed over fraud and embezzlement
The platforms had offered hefty discounts to lure unsuspecting customers to make advance payments of thousands of crores of taka
Mamun Rashid, an economic analyst and banker, has joined ShopUp, a business-to-business commerce platform in Bangladesh, as president.
Telenor, the parent company of leading mobile phone operator Grameenphone, has a long-term commitment to the Bangladesh market.
Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
Daraz Group, Alibaba' s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it is letting go of “many” employees but stopped short of disclosing the number.
The directorate serves show-cause notice on the e-commerce platform
Recently, there has been a hue and cry in the e-commerce sector of Bangladesh with massive allegations of fraud. Customers paid the e-commerce merchants for different goods, but they did not receive the product.
Bangladesh Financial Intelligence Unit (BFIU) has asked banks to send information of accounts of 23 digital platforms, including Daraz and Priyo Shop, and 29 executives related to the firms.
The consumers and merchants who have been the victims of fraudulent business activities by some e-commerce companies but did not file cases will get back their funds soon, a source said yesterday.
The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to send account information of 23 digital platforms, including Daraz and Priyo Shop and 29 executives related to the firms.
The commerce ministry yesterday said it was working on recovering another Tk 260 crore taken by fraudulent e-commerce entities as advance payments until last June and on refunding it to the respective customers who were not delivered products.
The High Court yesterday issued a rule asking authorities to explain in four weeks why they should not be directed to refund the money halted at
The High Court today issued a rule asking the authorities to show cause as to why their failure and inaction to refund the money of e-commerce customers should not be declared illegal.
The commerce ministry has written to the Criminal Investigation Department (CID) to defreeze the accounts to return Tk 214 crore that got stuck in payment gateways due to e-commerce companies' failure to deliver products against the payments.
Intelligence services have identified anywhere from 13 to 19 e-commerce entities which have defrauded customers and merchants of thousands of crores of taka, as per reports provided to a Digital Commerce Cell (DCC).
Online marketplace Daraz Bangladesh, a concern of Alibaba Group, is hosting a one-day sale campaign “11.11” for the fourth time.
