NRB Remittances New generation Internet Payout solution Partners proposal

Alerts :
WW Leads Proposal on Internet remittances services IPSP and WOS or POS partnership or commission sharing Venture through CO-Branded or Carbonated debit cards under retention AML international and Bangladesh Bank laws policies.

Introduction:
PayPal and Payoneer is unique systems without requiring any Banks account. Send money is easy secured and inexpensive too. Money can be reload through Western union points other than Master cards is also so simple to accomplished a transaction within 30 seconds time. Enable the recipients to withdraw from any ATM world wide. A part from this sender may use the unique mobile transfer facilities too. To penetrate, grab the market share we have to familiar the products first. We go for any secured providers dealing a like card cards. PayPal operating 190 countries ww other than Bangladesh.

Overviews:
Non resident migrant and their Remittances a fortune. An injector and generator of direct and indirect stimulus to the concerned economy and world as whole too. USA EU and GCC countries are the major employer and Mexico Brazil India Philippines followed by Pakistan Srilanka Indonesia and Bangladesh are amongst the leading manpower exporting countries. South east Asia playing a pioneering role in this sector.
So far Bangladesh concerns a 88 millions or in brief One billion people working in and around the globe. At present the inflow of white official remittances is about 10 bn USD with a incremental rate of 25-30% per year too. The second largest foreign exchange earning sources of Bangladesh after Leading Garments Expo.

The global remittance market is the major growth driver for mobile money transfer. The World Bank estimates current market remittance market to be about $318 billion, on adding contribution from informal transactions, it increases to about $600 billion. The World Bank expects this market to grow to $72 trillion by the end of 2030.
The growth in remittances is mainly driven by the rise in migrants, who regularly send money to their families at home. Western Union estimates global migration population to be 280 million by 2050. This growth would be driven by countries such as China, India, Mexico and Philippines.
According to World Bank, in 2007, migrant workers from developing countries sent home $240 billion, compared to $221 billion in 2006. The three major remittance receiving countries in 2007, as reported by the World Bank, were India ($27 billion), China ($25.7 billion) and Mexico ($25 billion).
In many developing countries, particularly Asian countries, the money received from remittances is a major source of national income. For example in Philippines, remittance contributes immensely to the country's GDP. Income from remittances is sometimes more than income from Foreign Direct Investment and International Aid donations in most recipient countries.
Bangladesh is more mobile friendly country than India, but far beyond to think of it but happy with the expensive time consuming drafts system through exchange houses via subsidiaries. So many middle man involved to complete a circle of single issue. Internet or web pay out solution through debit card cards co-branded and carbonated with the partners LOGO to the clients wallets is easy inexpensive dynamic magical secured systems. This is thrust and promising HUGE sector of 15 billion USD by the year 2010 .

About a year, I am trying to contacts with the leading and renowned providers like PayPal Payoneer along with our local private and some International Banks namely HSBC too. Literally and academically we are familiar with terms "Courtesy cost is nothing but we gain much of it and your co-operation solicited your always" but in practice and virtually responds is very much poor !

The primary proposed four station points Areas Are :

01. 2 Base DUBAI / ABU DHABI- United Arab Emerets UAE ( A GCC country) about 1/2 million people of my area over there. For your kind information I was been there with my family 97-02 about 6 yers and know the whole seven Emerets well.

02. MACCA- SAUDIA or KSA ( GCC country ) only Macca and JEDDA only. Here Quarter million people and I was been there for 4 months Feb-May '97 and well known.

03. NY and DALLAS TX, USA- app. about a Quarter Million. A significant number of my UNIVERSITY ALUMNI friends and families over there and so close to me. I visited over the places Oct 20,1992 to Feb 14,1993

This is my Vision , Featured Project and looking forward to established and BECOME A PARTNER

CO- BRANDED or CARBONATED card cards with our LOGO for REMITTANCE PAY OUT SOLUTION ( web out solution WOS pay out solution POS Internet provider service protocol IPSP) With my relation in conjunction with Renowned Brands, Exchange houses financial institution and so on.
Estimated Market Volume In terms of USD : 20% of total Remittance $3-4 Billions.

Estimated time period to GRAB THE MARKET 2-3 years

Targeted Initial Volume with in three months Quarter upon start :USD Five Million

I had have good contact and know how about the peoples, Pockets, markets, Remittances systems. My University Alumni friends over there, Who are very much established and capable of helping/joining in these regards.

Other than this NRB's around the globe may participate to join with this projects too. This is our social and corporate responsibilities to facilitate our Non residents with the latest easy safe inexpensive remittances payout solutions.

Please contct more .......Now!

Brace for Recessions - to Bail out ourselves

These are tough times for everybody, are feeling the impact a little more since people are taking few trips and staying closer to home. My dear global village FNF in particular Non-Resident, the recession is on! AsiaOn BazaR reminds you and refreshes out only. Try Google Search ( right sidebar) - type or copy-paste Tips- Right of recession, tips for surviving a recession, and get Back.

Recessions aren't officially recognized until months or years after they happen, but some economists say one has begun. Our NRB Remittances dropped down by BDT 250 crores ( 25 million) and ready-made garments exports by 25% too. People are being pushed back due to the economic slowdown. Dear friends and families leave all JUNK habits, expenses; SAVE and SAFE. Tips for surviving a recession bail out yourself. The is a vicious circle and consequences of Unipolar world order doctrine by force, Corrupt and Blackout War-Terror, breach financing, loses the balance of tolerances limit. Take care and good wishes. Baba Bazar I Baba.com

New generation Global IP payout solution

Thanks, IP online enabling me to get my debit card from the comfort of my home. Appreciate Payoneer that operating in Bangladesh. I have been received my card via postal mail on 19 March 09 and activated it by the next day successfully. I found Payoneer as an equal opportunity provider in deeds. For more views on other services and else, it will take time to comments and refer. Payoneer charges a bit higher than others. I would like to request the authority to consider and rationalized the same. Asian BazaR, your BABA BAZAR  is looking forward to establishing an Internet  Remittances payout solution or web out a solution through co-branded or carbonated our LOGO " BABA' under a partnership or commission sharing. Please contact NOW !. Enjoy the ART of living and Be Happy.

Forex trading, remittances and coporate social responsibilities CSR

Bangladesh Bank has eased forex regulations by allowing all banks to issue international credit, debit, and pre-paid cards to foreign currency users. This would help in providing more facilities to exporters, travelers, and foreign investors. The amended policy would enable any government official, bank official, and financial organizations and faculty member of a recognized banking training institute to send a registration fee without approval of Bangladesh Bank, for participating in any training, seminar, or workshop abroad through approved dealers. Also the amendment to 1996 "Guidelines for Foreign Exchange Transaction (GFET)" made the requirement of Bank "Encashment Certificate" mandatory, against the money sent for registration with the Registrar of Joint Stock Companies (RJSC) in Bangladesh, for the proposed company. The circular also stated that the Bangladeshi students pursuing professional diploma/certificate courses abroad could now be sent foreign currency.

Bangladesh still far beyond the latest and featured developments. so happy with the old ones only. First worlds using dynamic easy, inexpensive safe internet payout solutions through IPSP co-Branded debit card cards or carbonated LOGO to the client's wallets.
The global remittance market is the major growth driver for mobile money transfer. The World Bank estimates the current market remittance market to be about $318 billion, on adding contribution from informal transactions, it increases to about $600 billion. The World Bank expects this market to grow to $72 trillion by the end of 2030.
The growth in remittances is mainly driven by the rise in migrants, who regularly send money to their families at home. Western Union estimates the global migration population to be 280 million by 2050. This growth would be driven by countries such as China, India, Mexico, and the Philippines.

According to World Bank, in 2007, migrant workers from developing countries sent home $240 billion, compared to $221 billion in 2006. The three major remittance-receiving countries in 2007, as reported by the World Bank, were India ($27 billion), China ($25.7 billion), and Mexico ($25 billion).
In many developing countries, particularly Asian countries, the money received from remittances is a major source of national income. For example in the Philippines, remittance contributes immensely to the country's GDP. Income from remittances is sometimes more than income from Foreign Direct Investment and International Aid donations in most recipient countries. Remittances are the second-largest sources of Bangladesh

Opportunities: The mobile money transfer industry has huge potential to tap the underbanked population and migrant workers to make remittances, using their mobile phones.

According to ABI Research, the mobile fund transfer market will offer approximately $8 billion revenue opportunities for mobile operators by 2012, which is more than $10 million in 2006.

Mobile Banking Coming of Age in India: Being the world's second-largest cellular market is one thing, but graduating into mobile banking is another. After a long wait, the Reserve Bank of India, the central bank of the country, recently came out with a draft guideline for mobile banking transactions, thus laying the foundation for telecom and banking sectors to come closer for the sake of customer convenience and of course, higher penetration. Though the provisions put forth some restrictive clauses in terms of the overall cap in transactions, market players were nonetheless encouraged to see the ball rolling, finally.

The RBI guidelines, released on September 19, allowed the banks – licensed, supervised, present, and having core banking solutions – in India to offer mobile banking facilities to select customers (holders of debit/credit cards) subject to RBI's approval and adherence to technology and security related stipulations. However, the limits for a single transaction and per day transactions were set at a lowly Rs 2,500 and Rs 5,000 (about $55 and $110) respectively. Also, no cross-border transaction was allowed and transactions based only on the Indian rupee (Rs) were permitted.
Laying the basic road map for the mobile banking sector, the bank said “The long term goal of mobile banking framework in India would be to enable funds transfer from account in one bank to any other account in the same or any other bank on a real-time basis irrespective of the mobile network a customer has subscribed to.”

However restrictive the provisions may appear, the RBI move did succeed in setting the ball rolling. Soon after the release of these guidelines, the department of telecommunications (DoT) reportedly revealed its plan to seek the apex bank's guidance on providing full-fledged mobile banking services to customers. The DoT move is aimed at allowing customers to virtually using mobile phones as debit or credit cards. These services, DoT observed, would not only bestow greater customer convenience but also raise revenues for the telecom operators from this sector.

Currently, only a few telecom operators including Bharti Telesoft and Vodafone offer some basic services in association with banks such ABN AMRO, HDFC, Kotak Mahindra Bank, Barclays, etc. While most of these players felt the provisions of RBI guidelines as limiting, they were nevertheless encouraged by the proposed move by the DoT, expecting that the joint endeavor by the ministry and the apex bank would speed up the process of opening up of the segment in not so distant future.

Bangladesh Bank permits banks in Bangladesh to establish drawing arrangements with Foreign banks and Exchange houses for facilitating remittance by Bangladeshi nationals living abroad. Persons willing to remit their earnings through official channels can buy either the Taka draft or the US dollar draft from these Foreign banks and Exchange houses having drawing arrangements with different banks in Bangladesh. Bangladeshi nationals living abroad can send Foreign Exchange very easily and directly to their own bank accounts maintained in Bangladesh or to their nominated person's / relative's bank accounts in Bangladesh.
Furthermore, recently banks have taken some major steps towards crediting the proceeds of remittances to the beneficiary's account promptly, maximum by 3(three) days.
The Foreign Banks, Exchange Houses and Subsidiaries / Overseas Branches of Bangladeshi Scheduled Banks have drawing arrangements/remittance facilities with different banks in Bangladesh, Inward remittance facilities.

Corporate Social Responsibilities of Bangladesh :
Bangladesh is a more mobile-friendly country than India, but far beyond to think of it. We are happy with the expensive time-consuming drafts system through exchange houses via subsidiaries. So many middlemen involved completing a circle of a single issue. Internet or web pay-out a solution through debit card cards co-branded and carbonated with the partner's LOGO to the client's wallets is easy inexpensive dynamic magical secured systems. The growth of the Private Banking sector in Bangladesh brings a revolution out of the Public corrupt vicious circle. This is thrust and promising HUGE sector of 15 billion USD by the year 2010 with 25-30% an incremental approach. Foreign exchange experts, professionals at home and abroad may come forward. our skyscraper, economy, and foreign exchange reserve come mostly out of wage earner laborers remittances. As a nation, we are pledged bound to provide with the latest inflows systems prevailed and enjoying worlds as a whole. That Will be the steps towards Digital Bangladesh a success.

NRB Remittance the fortune of Bangladesh

Remittance in general terms the fortune out of fortune- hunters, migrants money or income from manpower exports, wage earner Non-Resident Abroad (NRA) hard earn currencies, foreign exchange remitted or sent by them to their accounts or to the dependents friends and families at home Land through proper channels or under AML.Remittances can also refer to the accounting concept of a monetary payment transferred by a customer to a business. Remittances are transfers of money by foreign workers to their home countries. Money sent home by migrants constitutes the second largest financial inflow to many developing countries, exceeding international aid. The latest estimates vary between IFAD estimates of US$401 billion and the World Bank information from central banks at a more conservative US$250 billion for 2006 and these figures are increasing by almost 30% year on year. Remittances contribute to economic growth, to the livelihoods of needy people worldwide. Moreover, remittance transfers can also promote access to financial services for the sender and recipient, thereby increasing financial and social inclusion. Note though that in 19th century English usage a remittance man was exiled overseas and sent a meager living United Nations' definition. The "United Nations Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families"[1]defines a migrant worker as follows: “ The term "migrant worker" refers to a person who is engaged or has been engaged in a remunerated activity in a State of which he or she is not a national.” This Convention has been ratified by Mexico, Brazil, and the Philippines (amongst many other nations that supply foreign labor) but it has not been ratified by the United States, Germany, and Japan (amongst other nations that depend on cheap foreign labor). For an up-to-date listing of ratifications and signatories visit this special page on the website of Dec 18, the International Advocacy, Resource Center on the Human Rights of Migrant Workers. A considerable amount of research has been conducted on the topic of migration and remittances over the last few years. Early studies on immigration policy assumed that migrants leave their countries, settle in a new country, start integrating into their new society, and abandon their ties with their country of origin. Today, however, globalization makes it possible for immigrants to remain connected with their native countries while residing abroad. To address the latest developments on migration and remittances, the authors provide a global survey of the analytical and empirical literature on these issues. This paper reviews evidence on how migrants contribute to the economic development of their countries of origin. In addition to describing the state of knowledge regarding flows of people and migrant remittances worldwide, it focuses on the current literature dealing with the development impact of transfers of money, knowledge, and skills by migrants back to their home countries. The paper also examines the complex question of the impact of highly skilled migration on labor-sending countries. There is a continuing debate over what role migration should play in the mix of policies available in order to promote economic development. Although mechanisms for liberalizing goods, services, and capital markets are in place, the international mobility of labor still faces stringent restrictions. The paper, therefore, reviews proposed mechanisms to strengthen the governance of international migration, including policy options to make migration management bilateral, regional, or global. It also considers the relationship between international trade and development policies and migration policies, including how to tap to the diaspora. FOREIGN currencies sent by wage earners and other expatriate Bangladeshis to their families and relatives at home are turning into the largest foreign exchange earner other than export. The annual volume of such foreign exchange entering the economy, however, is yet to go a long way before becoming the major contributor to the country's Gross Domestic Product (GDP). Nevertheless, with its present level of contribution at 9.1 percent of the GDP as of 2006, the impact of the remittance could still be felt in the regions of the country that can boast of having the highest number of people working abroad. How is one to measure the impact of the foreign remittance on areas from where the largest number of wage earners are staying overseas? The primary effect of the injection of remittance in any area is the increase in the level of prosperity among the people receiving the money. The secondary effect is the creation of new job opportunities in the area stimulated by the money. Or in other words, the money creates a ripple effect on the local economy. This change in the local economy does also leave an impact on the overall poverty situation. A World Bank report has shown that the poverty rate has fallen in the Dhaka, Sylhet, and Chittagong regions between the years 2000 and 20005. The correlation between this fall of poverty and the inflow of foreign remittance has been positively established for those districts. In contrast to this, the picture is quite different in the western and southern districts such as Khulna, Barisal, and Rajshahi where the poverty situation has either worsened or remained stagnant. What is of interest here is the inflow of remittance in this region is also low compared to the Eastern districts mentioned before.

A report of the Global Remittance Guide from Washington says that Bangladesh has become the fifth-largest recipient of remittance by migrant workers and other expatriates leaving behind Pakistan in 2006. Last year the total volume of remittance received was US $5.8 billion, a figure that is far lower than the Philippines, which received US$14.9 billion to be ranked as the fourth-largest recipient of remittance from the migrants preceded by China, Mexico, and India in that order. Needless to say, India with its US$25.70 billion accounting for the remittances made by the migrants has climbed to the top position among other remittance recipient countries in the world. According to Bangladesh Bank sources ( in m ) Nov 08 US$ 761.38 BDT 52322.00 July08 US$ 820.71 BDT 56226.80 was the highest monthly inflows and the 11 months Total about 10 Billion USD ( More Details ) Different commercial Banks in Bangladesh, has established remittance arrangements with a number of exchange houses to facilitate wage earners to remit their money to Bangladesh. Already been in operation with Western Union, UAE Exchange Centre LLC, Wall Street Exchange LLC, Trust Exchange, Route Asia Exchange, Instant Cash, and Bangladesh Money Transfer, Al-Saad Exchange, First Solution Exchange, Al Ahalia Exchange Bureau, and Federal Exchange. Bangladeshi Banks maintain correspondence with other different Exchange Houses too. which are Al Fadaral Exchange, National Exchange, City Exchange, Future Exchange, Al Ghurair Exchange, Habib Exchange, Al Ansari Exchange, Emirates India International Exchange, Instant Exchange, Oman UAE Exchange, Modern Exchange, Purusuttam Kanji Exchange, Musandam Exchange, Lasidas Tharia Exchange, Oman United Exchange, and ICICI Bank. The extensive branch network of these Exchange Houses has been largely helping Bangladeshi expatriates working in the UAE, UK, Qatar, and Oman to transfer their funds speedily and efficiently through an online network. Singapore, Malaysia, Saudia, Greece, Italy, Turkey, Japan, South Korea, South Africa, Bahrain, Canada, Germany, Australia, France, and more ....Bellow a currency ALBUM FOR YOU click and visit DOWNLOAD.

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