Daraz Bangladesh and Southeast Bank Empower Online Purchases, through Mastercard Payment GatewayOctober 16, 2018 | Dhaka | By Barkha Patel
Daraz Bangladesh Limited, one of the largest e-commerce merchants in Bangladesh, has signed an agreement with Southeast Bank Limited (SEBL), allowing customers of the former to make online payments for purchases using Debit, Credit and Prepaid cards through SEBL Mastercard Payment Gateway Solution. SEBL Mastercard Payment Gateway Solution services, which is Mastercard’s Payment Gateway Solution, recently went live with Daraz.com.bd, providing Mastercard cardholders with faster and secure transaction processing facilities, available round the clock. Additionally, cardholders of Southeast Bank Limited can avail EMI facilities for up to 12 months, from Daraz Bangladesh Limited.
Mastercard Payment Gateway Services provides partners with a solution for e-commerce payment processing and fraud prevention. Through this platform, merchants can easily and securely accept a wide range of digital payment methods from all over the world. The Mastercard system ensures flawless payment processing for e-commerce transactions, across all kinds of cards, irrespective of the payment network.
S.M. Mainuddin Chowdhury, Additional Managing Director, Southeast Bank Limited said, "In order to ensure safe and streamlined transactions, Daraz Bangladesh limited is using SEBL Payment Gateway which offers a fast and secure transaction processing facility, and is available 24x7 with real time transaction processing capabilities. Now customers can purchase goods and services from daraz.com.bd and enjoy the convenience of SEBL Payment Gateway. We are proud to be at the forefront of Bangladesh’s journey towards a digital era.”
Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard said, “E-commerce has seen exponential growth over the last few years. Mastercard is delighted to be the payment facilitator for Daraz, a company which accounts for 60-70% of all e-commerce transactions. With Mastercard Payment Gateway Solution, customers can now purchase products from Daraz Bangladesh conveniently, and more importantly, safely.”
About Southeast Bank Limited
Southeast Bank Limited, a second generation private Bank, emerged in 1995 amid liberalization of global economies. Currently, its Authorized Capital is BDT 15,000.00 million and its capital and reserve reached BDT 27,462.09 million as of December 31, 2014. Southeast Bank is one of the very few banks in Bangladesh which has both types of the Banking services like “Traditional Banking” and “Islamic Banking”. Currently it is serving its customers through 118 branches including 5 Islamic Banking Branches, 2 Ladies Branches, 110 ATMs and 2 Off-Shore Units across the country. To expand the reach of modern banking facility at the rural area, recently it has also introduced Mobile Banking Services titled “Tele Cash”.
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @mastercardindia, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
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