Dhaka, Bangladesh (BBN) – Bangladesh Commerce Bank Ltd is focusing its e-payment gateway service at the Banking Fair Bangladesh-2015 as it has recently signed agreement with “Payza”, an international e-payment service company.

The recently introduced e-payment gateway service will play a vital role in popularising the country’s ecommerce, Khondokar Moinuddin Ahmed, an employee of the BCBL, told the BBN during the ongoing fair.

Under the service, the non-resident Bangladeshis will be able to send their hard-earned money to their relatives from 190 countries.

Twenty-one currencies of different countries will be sent to Bangladesh by using the gateway.

The clients will also be able to settle transaction for online shopping through the international gateway services.

The bank is also trying to popular its school banking product as it set a higher interest rate for the savings account of the school-going students.

The students, whose age between 11 and 17, will be allowed to open account with the product and they get 7.50 per cent rate of interest against their savings amount.

The students will enjoy the interest rate on their daily balance with the account.

The bank is also highlighting its SME products at the fair as it will not take any processing fee from the client to disburse the loan.

The clients will be allowed to receive BDT 4 lakh without submitting any collateral securities under the product.

The rate of interest of the product is 18 per cent with a repayment tenure of 2-year.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.

BBN/RZ/ANS