Why Surecash is facing a decline


Posted December 3, 2024 by bstandard

Discover why Surecash is facing a decline, exploring the challenges and factors contributing to its current struggles in the financial sector.

 
A Mobile Financial Service (MFS), SureCash provides a range of services, such as student stipends and government allowances. By offering MFS services, SureCash joined the market alongside Bkash, Nagad, and Rocket. Bkash, Nagad has attempted to introduce mobile financial services to the nation’s broad people, nevertheless. SureCash, on the other hand, concentrated more on digitizing the transactions of different corporate and public agencies. Only Rupali Bank currently offers MFS services to clients via SureCash, however, five banks earlier offered services to their clients through SureCash.
Read More: https://bstandard.info/english/why-surecash-is-facing-a-decline/

How SureCash got its start

Munshiganj district is where Dr. Shahadat Khan, the founder and CEO of SureCash, was born. Bangladesh University of Engineering (BUET) is where he finished his education. He then began teaching at BUET, but because of his higher education, he relocated to America. Upon his return in 2006, he discovered that just 30% of the population had access to banking services. SureCash was founded primarily to offer mobile services to this demographic. SureCash launched in 2010.

What services does SureCash offer?

Initially, SureCash offered back-end services, software development, payment platforms, agent networks, and business development services. Moreover, SureCash enables any bank to offer its clients mobile banking services. In this instance, the first banks to trust SureCash were First Security Islami Bank and then Bangladesh Commerce Bank in 2012. To pay Wasa’s invoices, First Security Islami Bank and SureCash collaborated to introduce a mobile banking solution in 2014. Following that, Commerce Bank, National Credit, and Jamuna Bank each began offering their clients mobile banking services via SureCash.
Read More: https://bstandard.info/english/why-surecash-is-facing-a-decline/
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Business Address uttar Badda, Dhaka, 1200
Country Bangladesh
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Tags mobile payment solution , digital transactions , secure money transfer , bangladesh fintech , mobile financial services
Last Updated December 3, 2024