Customers prefer ‘cash-on-delivery’ over online payment which poses the risk of tax evasion and also causes lack of transparency in the transactions. Bangladesh Bank initiated the National Payment Switch which opened the online payment system helping e-commerce operators and customers alike. “We don’t have such regulatory authority at the moment but we’re contemplating the issue. Daraz, one of the leading online marketplace in the country, stressed the need for a regulatory authority for e-commerce to thrive. “Both parties can maintain transparency if there’s a regulatory authority, which will strengthen the future of e-commerce.”

Source: bd News24 June 11, 2019 08:15 UTC