MERITS AND DEMERITS OF USING BKASH PRESENTED BY - CAPT AL-AMIN HOWLADAR ROSTER NO. 12
INTRODUCTION The advancement of new technologies has introduced many inventions in the field of Finance. It make the financial system more comprehensive and speedier . Mobile phone is one of the latest inventions of modern science .
In Bangladesh, mobile financial services have got its popularity very recently. Bkash is the most influencing organization behind this popularity.
COMPANY PROFILE bKash Limited, a subsidiary of BRAC Bank, started as a joint venture between BRAC Bank Limited, Bangladesh and Money in Motion LLC, USA.
To make the financial services - convenient - affordable - reliable safely send and receive money via mobile devices . MISSION OF BKASH
PRIMARY VALUES OFFERED IN MARKET Fast (Money travels within seconds) Affordable (Lowest in cost specially for lower tokens) Convenient (Few steps ,supported by any handset) Nationwide (Available within walking distance) Secure (under regulation and compliance)
BENEFITS OF BKASH Cash out Cash in Send money Interest against saving
NO NEED TO CARRY CASH, PAY WITH BKASH
DEMERITS OF BKASH 1. Server down
2 . Service charge
3. Recovery system
4. Run out of money
5. Security systems
CONCLUSION There is no doubt that bkash has brought remarkable change to the experience of mobile phone users. It is only a matter of time that its distinctive features and services will soon make it the most successful and popular financial institution of the country.