Reliable Brokers
Online Investing
Alerts & Analysis
Easy Trading

Titas to launch online payment system next year

Update : 02 Mar 2015, 06:38 PM

Starting next year, customers of the state-run Titas Gas Transmission and Distribution Company Ltd will be able to pay their bills online.

A deal was signed yesterday in this regard between Titas and a Bangladeshi consortium of Devine IT Ltd, Businessland Ltd and Rightbrain Solution Ltd. Mustaque Ahmed, secretary at Titas, and Ashraf Uddin Mukit, director of Devine IT Ltd and on behalf of the consortium, signed the deal at Titas Bhaban in the capital.

The new system, which will take around 10 months to install, will ultimately provide real-time payment facilities for both the consumers and the Titas authorities, according to the deal. The consumers can pay their bills through mobile operators’ Point of Sale system.

Under the payment gateway system, bills can be paid using credit card, debit card and ATM card, as well as via internet banking.

A Titas official said both the Titas authorities and its customers face an acute problem with their bill payment.

Titas selected the consortium for the job via tender process. The project will cost around Tk10 crore.

The largest natural gas distribution company in the country, Titas has a total of 1,722,712 customers.

The company is responsible for supplying gas in Dhaka, Narayanganj, Munshiganj, Narshingdi, Manikganj, Gazipur, Tangail, Mymensingh, Netrakona, Sherpur, Jamalpur and Kishoreganj districts. 

Top Brokers