Author: Mohammad Faijul Islam

India has expressed interest in working with Bangladesh to establish an inter-operative digital transaction platform (IDTP) for cyber security and financial transactions between the two countries, in addition to setting up a Bangladesh-India Digital Editainment Center. State Minister for ICT Zunaid Ahmed Palak said that the proposal for implementation of bilateral IDTP has already been… Continue reading India interested in establishing IDTP with Bangladesh in financial transactions

The government has already developed affordable internet for all, payment solutions and logistics infrastructure management to build a sustainable e-commerce ecosystem based on four pillars. State Minister for Information and Communication Technology Zunaid Ahmed Palak has emphasized on gaining ‘buyer’s trust and confidence’ in the e-commerce sector to benefit from this infrastructure. At the same… Continue reading Focus on frontier technology in e-commerce: Palak

The government of Bangladesh has taken a great initiative to build a new platform (switch) that will enable the real-time transfer of money from one platform to another. The ICT Division has given the budget to build the platform for the Central Bank i.e., Bangladesh Bank. The interoperability facility will be given to banks, MFS… Continue reading IDTP: Digital financial services need a level playing field

The Interoperable Digital Transaction Platform (IDTP) is an initiative of the Bangladesh government; whose primary objective is to bring the general people online to deliver digital financial services connected to financial transactions. It will serve as a bridge between a variety of financial service providers, including banks, non-banking financial institutions, merchants and enterprises, and usual… Continue reading IDTP: First Step Towards a cashless society

The Interoperable Digital Transaction Platform (IDTP), a new system to transfer funds from one MFS to any other MFS, between MFS and banks, and other Payment Service Providers (PSP), is set to be launched in January 2022. Zunaid Ahmed Palak, state minister for ICT, said on Sunday that IDTP will allow effortless fund transfer within… Continue reading Interoperability Between MFS, Banks to Start from January 2022

The government is set to launch the Interoperable Digital Transaction Platform (IDTP) in January next year, allowing people to move funds effortlessly within the financial sector in real-time and at lower costs, said Zunaid Ahmed Palak, state minister for ICT. “The platform will curb the cost of transactions and harassment in making financial transactions,” said… Continue reading Interoperable digital transaction to begin in January: Palak

State Minister for Information and Communication Technology (ICT) Division Zunaid Ahmed Palak called upon all financial institutions, including banks, to use the “Interoperable Digital Transaction Platform (IDTP)” in order to check irregularities, costs and harassment in financial sector. “The country’s largest mobile wallet bKash has already started inter- digital transactions aimed at bringing down irregularities,… Continue reading Palak for joining IDTP platform to check financial sector’s flaws