The competition was held among Asian tech giants from 24 countries and companies/ projects had to be less than three years old to compete
Administrated by the Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT), eASIA Gold Award 2019 for Digital Transformation: Private Sector was presented to D Money Bangladesh Ltd.
The competition was held among Asian tech giants from 24 countries and companies/ projects had to be less than three years old to compete.
The award ceremony was held at Swissotel in Bangkok, Thailand on Thursday in the presence of global FinTech experts, investors, CIOs, CXOs and other technology decision makers from Asia.
In August 2019, APAC Business Headlines Magazine featured the Dmoney wallet among the ‘10 most convenient wallets to watch in 2019’, making it the only wallet from South Asia to be successfully placed in the top 10.
AFACT holds the eASIA awards with the aims of raising awareness of digital transformation, promoting the achievement of AFACT member countries' economies in the development of trade facilitation, electronic business policies and activities, and initiatives for bridging the digital divide in the Asia Pacific Region.
The purpose of the eASIA Awards is to recognize the significance and great effort made within the AFACT community and to encourage the exchange of best practices. This year, the eASIA Awards were presented in four categories, namely Trade Facilitation and eCommerce; Digital Transformation (Public Sector); Digital Transformation (Private Sector); and Creating Inclusive Digital Opportunities.
D Money won in the Digital Transformation (Private Sector) category for its innovation and contribution to the tech ecosystem in Bangladesh. The evaluation committee of the eAsia Awards 2019 comprised 13 members.
AFACT acknowledged D Money as a leading model, which has the potential to generate excellent outcomes and benefits in terms of collaboration and connection over the internet, social network, and the physical world within organizations across the ecosystem, as well as enable significant increase in the productivity, competitiveness, or better user experiences, as per its category demand.
D Money started its operation with an aim to address digital inclusion. This platform works build a partner based ecosystem, and to resolve cash-to-digital transformative barriers. Since its initiation, D Money has gained recognition globally, forming astounding partnerships to create a benchmark in digital financial services in Bangladesh.
Sonia Bashir Kabir, co-founder, vice chairman and CEO of D Money, said: "I was extremely proud to represent my country and it gives me great pleasure to bring the Gold Award home for Bangladesh. We have worked very hard in building our robust tech platform and it is gratifying to get global recognition."
Aref Bashir, co-founder and managing director of D Money, said: "I am very proud to have represented Bangladesh. It is a testament to the hard work invested by the D Money team and to the vision of the company. I am humbled and grateful and dedicate this award to the underserved population of our country who we have pledged to serve by democratizing financial services."
D Money is a privately held company. It is a Digital Payments and Services Platform with Intellectual Property (IP) rights for D Money software. D Money is operating under Payment Service Provider (PSP) license awarded by Bangladesh Bank. D Money was formed in 2016 with a vision to be the catalyst of cash to digital transformation.