• Wednesday, Dec 01, 2021
  • Last Update : 04:23 pm

E-commerce platforms have to go through official registration process

  • Published at 08:16 pm October 21st, 2021
ecommerce
Bigstock

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.

52
Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail