According to insiders, around Tk210 crore is stuck with payment gateways of consumers, merchants, and online shops because of the manual escrow system introduced by the government to regulate rouge e-commerce platforms
To stop people from being scammed in the growing e-commerce sector, the government wants to bring all platforms in the industry under a registration process.
Instead of shutting down a potential sector that has been growing globally, even more so with the advent of the pandemic, the government wants to bring all e-commerce platforms under monitoring and regulation.
"All e-commerce platforms will have to register so that we can strictly regulate the sector, which has almost been accomplished by relevant authorities,” Cabinet Secretary Khandker Anwarul Islam told reporters following a cabinet meeting on Tuesday.
“We have made significant progress over the last two months by bringing the sector under much-needed control by holding meetings with intelligence agencies, Bangladesh Bank, Bangladesh Financial Intelligence Unit (BFIU), and the National Telecommunication Monitoring Centre (NTMC),” he added.
Prime Minister Sheikh Hasina virtually presided over the meeting from the Gono Bhaban.
A five-member committee was formed following a meeting chaired by the home minister a few days ago with a detailed report to be submitted on the sector within the next 20 days.
During the brief, the cabinet secretary also informed that a framework for payment gateways is also being developed to address relevant issues in response to the recent e-commerce scandals.
According to insiders, around Tk210 crore is stuck with payment gateways of consumers, merchants, and online shops because of the manual escrow system introduced by the government to regulate rouge e-commerce platforms.