Mobile Banking System in Bangladesh: A Closer Study

A Closer Study

Assignment

On

Mobile Banking System in Bangladesh:

A Closer Study

Course code: MGT-312 Course Title: Fundamentals of MIS

Submitted to Mr. Md. Rahimullah Miah

Lecturer of MIS Department of Business Administration Leading University, Sylhet, Bangladesh

Submitted by Faglul Karim Raihan

ID: 1001010142 Sec-C, 7th Semester (24th Batch)

Department of Business Administration

Leading University, Sylhet

Date of Submission: April 18, 2012

Table of content

CHAPTER CONTENT NAME PAGE NO

Letter Of Transmittal i

Dedication ii

Declaration iii

Acknowledgement iv

Letter Of Acceptance v

Abstract 1

1 Introduction 2-6

2 General Context Of

The Study

7-20

3 Methodology Of The

Study

21

4 Result And

Discussion

22-24

5 Conclusion And

Recommendations

25-26

6 References 27-28

Appendices 29-31

Profile Of Author 32

List of Tables

TABLE NO: NAME OF TABLE PAGE NO:

1 Bkash Payments are now accepted at

the following outlets

9

2 Bkash Agent Location in Sylhet Sadar 10-11

3 Mobile service operators of M-

banking 23

4 Usage rate of M-banking customers 24

5 Satisfaction level of M- banking

customers 24

List of Figures

Figure No: Name of Figure Page No:

1 Country City Map 21

2 Network Architecture for mobile banking

system

31

LETTER OF SUBMISSION

April 18, 2012

Mr. Md. Rahimullah Miah

Lecturer of MIS

Department of Business Administration

Leading University, Sylhet, Bangladesh

Subject: Letter of Submission.

Dear Sir,

It is an enormous pleasure to submit my assignment titled “Mobile Banking System in

Bangladesh: A Closer Study” assigned as a requirement of our course related.

In preparing this assignment I have acquired many knowledge about mobile banking. I have tried

my best to furnish the assignment with relevant data, which I had to collect from online and

related journal. I hope this assignment will help the banking sector to gather some insights on

the windows to do further studies in this aspect.

I would like to convey my tributes to you and thank you for giving me the opportunity to work

on this topic. Your queries in this aspect will highly be expected.

Thank you

Sincerely yours

Faglul Karim Raihan

ID: 1001010142

Section C

7th Semester (24

th Batch)

BBA Program

Department of Business Administration

Leading University, Sylhet, Bangladesh

Dedication

In dedication to all my friends

and family who help me find

happy moments every day to

celebrate

DECLARATION

This assignment paper is prepared by me. The title of this assignment is “Mobile Banking

System in Bangladesh: A Closer Study” under the supervision of Mr. Md. Rahimullah Miah,

Lecturer of MIS, Leading University, Sylhet, Bangladesh. Any duplication is prohibited without

the permission of Author.

Faglul Karim Raihan ID: 1001010142

Section C

7th Semester (24

th Batch)

BBA Program

Department of Business Administration

Leading University, Sylhet, Bangladesh

E-mail: raihan_lu@yahoo.com Mobile:0171577865 April 18, 2012

ACKNOWLEDGEMENT

First of all I pay a special thanks to my almighty God, who made me able to complete this report.

Then I would like to give thanks to Renowned Philanthropist Mr.Ragib Ali as he established

Leading University and we got this opportunity to read here. After wards, I would like to express

my heartfelt gratitude to Prof. Dr. Mr. Bashir Ahmed Bhuiyan, Head of the Department of Business

Administration, Leading University-Sylhet.

I would like to thanks our course instructor Mr. Md. Rahimullah Miah, respected lecturer of

Leading University for giving me this chance to make a assignment. My thanks also goes to my

family members and friends who are co-operated with me at any of the steps of the assignment

and continuously support me without any hesitation and make themselves an important part of

this job.

AUTHOR

LETTER OF ACCEPTANCE

This is to certify that Faglul Karim Raihan, ID No. 1001010143, Section C, 7th

Semester,24th

Batch, Department of Business Administration, Leading University, Sylhet, Bangladesh has

completed his assignment work entitled on “Mobile Banking System in Bangladesh: A Closer

Study” under my supervision. He has completed his work with sincerity, commitment and

dedication. He discussed different issues and problems with me to meet the requirements of this

study and preparing the assignment.

I wish all the best in his effort.

Md. Rahimullah Miah

Lecturer of MIS

Department of Business Administration

Leading University, Sylhet, Bangladesh

ABSTRACT

Mobile banking is one of the latest tools for easy and convenient banking in the current

world. Day to day mobile payment and banking has become popular in Bangladesh.

“Mobile Banking System in Bangladesh: A Closer Study” is the title of this assignment.

The main objective of the study is to take a fresh look at the current M-Banking situation

in Bangladesh and prospect of mobile banking in Bangladesh also highlight some

recommendations for rendering M-banking services effectively. Mobile Banking is a

Banking process without bank branch which provides financial services to unbanked

communities efficiently and at affordable cost. To provide banking and financial services,

such as cash-in, cash out, merchant payment, utility payment, salary disbursement,

foreign remittance, government allowance disbursement, ATM money withdrawal

through mobile technology devices, i.e. Mobile Phone, is called Mobile Banking. “Dutch-

Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking

service expanding the banking service from cities to remote areas. Currently many bank

are providing this service and some bank are going to lunch this M-banking service.

Among them “BRAC Bank Limited” mobile banking service named Bkash, Banglalink,

Dhaka Bank and Western Union”, “Dutch-Bangla Bank Limited” services are most

popular.“Bangladesh Post Office”, also provide mobile money services seems like m-

banking. Mobile banking is not available on every device and still some popular bank

does not provide mobile banking at all. The most potential customer of mobile banking is

rural people. About 35% of mobile banking consumer are highly satisfied with present

mobile banking service.After analyzing collected data eventually put some

recommendation that may be proposed for further improvement of Mobile Banking in

Bangladesh. In recommendation to reduced M-Banking limitation all banks should

provide this opportunity, Government should provide help about mobile banking. Banks

can use all mobile operators to make more available in all over the country. Also they

should provide User guide to make easier the use of b-banking to all intended customers.

CHAPTER ONE

1. Introduction

1.1 Mobile Banking:

Mobile banking refers to a client-server system that is specifically designed for mobile devices,

allowing banking customers to use handheld devices to access their accounts, pay bills, authorize

fund transfers, or perform other activities. Like many other m-commerce services, mobile

banking services can be challenging and no single company has all the expertise required to

develop and deliver compelling services on its own. Mobile banking (also known as M-Banking,

SMS Banking) is a term used for performing balance checks, account transactions, payments,

credit applications and other banking transactions through a mobile device such as a mobile

phone or Personal Digital Assistant (PDA). The earliest mobile banking services were offered

over SMS. With the introduction of the first primitive smart phones with WAP support enabling

the use of the mobile web in 1999, the first European banks started to offer mobile banking on

this platform to their customers.

Mobile banking has until recently (2010) most often been performed via SMS or the Mobile

Web. Apple's initial success with iPhone and the rapid growth of phones based on Google's

Android (operating system) have led to increasing use of special client programs, called apps,

downloaded to the mobile device. [Website 3]

1.1.1 Background of Mobile Banking:

A woman counts her cash after a withdrawal from the first cash point machine in London, in

1967. For 30 years, financial institutions have been on a quest to satisfy their customers‟ need

for more convenience. First came the automated teller machine (ATM), which New York‟s

Chemical Bank introduced to the American public in 1969. It did little more than dispense cash

at first, but the ATM evolved over time to become a true bank-away-from-bank, providing a full

suite of financial transactions. Then come Internet banking in the mid-1990s, which enabled

consumers to access their financial accounts using a home computer with an Internet connection.

Despite its promise of ultimate convenience, online banking saw slow and tentative growth as

banks worked out technology issues and built consumer trust. Today, Internet banking has

reached a critical mass, with about 35 percent of U.S. households conducting bank transactions

online. Not so with mobile phones. They can be carried anywhere and are -- by an enormous

number of people. More than 238 million people in the U.S. have mobile phones. That‟s a

whopping 78 percent of the population. And worldwide there are more than 3.25 billion mobile

phone subscribers, with penetration topping 100 percent in Europe. If mobile phones only

delivered voice data, then their use as a vehicle to deliver banking services would be limited.

Most phones, however, also provide text-messaging capabilities, and a growing number are

Web-enabled. That makes the mobile phone an ideal medium through which banks can deliver a

wide variety of services. Banks classify these services based on how information flows. A pull

transaction is one in which a mobile phone user actively requests a service or information from

the bank. For example, inquiring about an account balance is a pull transaction. So is transferring

funds, paying a bill or requesting a transaction history. Because banks must respond or take some

action based on the user request, pull transactions are considered two-way exchanges. A push

transaction, on the other hand, is one in which the bank sends information based on a set of rules.

A minimum balance alert is a good example of a push transaction. The customer defines the rule

-- "Tell me when my balance gets below $100" -- and the bank generates an automatic message

any time that rule applies. Similar alerts can be sent whenever there is a debit transaction or a bill

payment. As these examples illustrate, push transactions are generally one way, from the bank to

the customer. [Website 1]

1.2 Objectives of the Study

To identify prospect of mobile banking in Bangladesh.

To make suggestions on the basis of findings.

To provide precise knowledge of M-banking and its infrastructure.

To narrate the present scenario of M-banking in Bangladesh.

To identify the usage rate and satisfaction level of M-banking customers.

To highlight some recommendations for rendering M-banking services effectively.

1.3 Scope of the Study

The scope of the study is limited to the issues related to the Mobile Banking in Bangladesh. The

assignment will focus only on the banking facility provider of the country through Mobile

network.

1.4 Limitations of the Study

Due to time constraints, the study has been conducted only on mobile banking service on

secondary information. A macroscopic analysis (aggregate analysis) has been made here for the

unavailability of appropriate data in some cases. To prepare this assignment I have faced a lot of

problems such as unavailability of lab, electricity problem, unavailability of related books and

journals, lack of time, unavailability of information in net etc. For more accurate analysis, further

detail studies are required.

1.5 Methodology of the Study

The assignment has been done mainly based on secondary sources of data or information.

Secondary data has been collected from different publication material and web site as well as the

books and material from different libraries, the hand note of the various seminars.

1.6 Literature Review Rotchanakitumanuai and Speece (2003)

Investigated why corporate customers do not accept mobile banking, which can assist banks to

implement this self-service technology more efficiently. Many Thai banks are currently

implementing mobile banking. Banks that offer service via this channel claim that it reduces

costs and makes them more competitive. However, many corporate customers are not highly

enthusiastic about mobile banking. They used in-depth qualitative interviews methodology for

collecting their data. The interviews with Thai firms suggested that security of the Internet is a

major factor inhibiting wider adoption. Those already using Internet banking seem to have more

confidence that the system is reliable, whereas non-users are much more service conscious, and

do not trust financial transactions made via Internet channels. Non-mobile banking users tend to

have more negative management attitudes toward adoption and are more likely to claim lack of

resources. Legal support is also a major barrier to Internet banking adoption for corporate

customers.

El-Sherbini et al. (2007)

Investigated the customers' perspectives of mobile banking, their perceived importance for it,

usage patterns and problems rising on its utilization. The paper discussed the strategic

implications of the research findings. Empirical data were gathered from bank customers in

Kuwait to achieve the research objectives. All bank customers in Kuwait were considered as

population of research interest. The results showed the perceived importance of internet banking

services by customers, current and potential use of MB services in Kuwait and problems

perceived by bank customers in using MB. The researchers' main hypothesis tested that top five

services considered relative important in Kuwait banks were "Review account balance", "Obtain

detailed transactions histories, "Open accounts", Pay bills" and Transfer funds between own

accounts".

Ahmed Ali said.(2010)

I think I should clarify some of the suggestions you gave.

1. I agree that GP should have an option to link to bank accounts. But until now they have

refused to allow such a link. 8 Banks already have this technology but GP has prevented them

from serving GP customers. Banks have taken the initiative but GP has stopped it just because

they can and thinking that their proposal will pass.

2. Yes GP will not pay interest. But that doesn't stop GP from earning interest on this money (the

simply put it together and put it in a FDR)

3. As much as GP wants you to belive, Bangladesh isn't the only country where there are more

mobile users than bank users. (I will get into that in another article). None of those countries are

considering GP's version of mobile banking.

4. Short term deposits are more crucial to the banking industry than what you estimate. Nowhere

in the world has a mobile company been put in charge of short term deposits.

GP clearly didn't have good intentions. Otherwise all the foreign banks wouldn't group with local

banks to oppose this outlandish proposal. Again this is not only me that feel this way. The entire

world acted in opposition to GP's Mobile Banking Thesis. GP's Mobile Banking is not the same

as 'Mobile Banking'

Sathye. (1999)

Analyzed the factors affecting the adoption of Mobile banking by Australian consumers. His

sample was from individual residents and business firms in Australia. The study focused on the

capital cities where use of mobile internet and population was likely to be high. White and

yellow pages were used as the frame of reference for personal and business customers,

respectively. The findings suggest that security concerns and lack of awareness about mobile

banking and its benefits stand out as being the obstacles to the adoption of mobile banking in

Australia. He also suggests some of the ways to address these impediments. Further, he suggests

that delivery of financial services over the Internet should be a part of overall customer service

and distribution strategy. These measures could help in rapid migration of customers to mobile

Internet banking, resulting in considerable savings in operating costs for banks.

CHAPTER TWO

2. General Context of the study

2.1Mobile Banking in Bangladesh

“Dutch-Bangla Bank Limited” (DBBL) is Bangladesh's most innovative and technologically

advanced bank. DBBL stands to give the most innovative and affordable banking products to

Bangladesh

“Dutch-Bangla Bank Limited” (DBBL) has for the first time introduced its mobile banking

service expanding the banking service from cities to remote areas. Bangladesh Bank Governor

Atiur Rahman yesterday inaugurated the service by depositing Tk 2,000 and withdrawing Tk

1,500 through Banglalink and Citycell mobile networks in Motijheel area. Bangladesh Bank has

already allowed 10 banks to initiate mobile banking. Of them DBBL kicked off first." Mobile

banking is an alternative to the traditional banking through which banking service can be reached

at the doorsteps of the deprived section of the society,” the central bank governor said at an

inaugural press briefing at Hotel Purbani. Atiur Rahman said through mobile banking various

banking services including depositing and withdrawing money, payment of utility bills and

reaching remittance to the recipient would be possible. By going to the DBBL-approved Citycell

and Banglalink agents throughout the country the subscribers on showing necessary papers and

payment of a fee of Tk 10 can open an account. To avail of the banking service a subscriber will

require owning a cell phone of any provider and he will be given a four-digit PIN. By

using the PIN he can operate all types of banking services including depositing and withdrawing

money maintaining security and secrecy of his account.

The customer will hand over cash to the agent and the agent will initiate the transaction from his

mobile phone, the agent will help the account holder to do the banking using his PIN. A

customer can deposit or withdraw money five times a day and he can deposit or draw Tk 5,000

per day. One percent of the transaction account or Tk 5, whichever is higher, will be taken as

cash-in-charges. In case of cash out the charge will be 2 percent of the transaction amount or Tk

10. However, the registration fee, salary and remittance disbursement services will be provided

free of cost. DBBL has 4585 agent all over Bangladesh. Dhaka Division ( 2444 ),

Chittagong Division ( 1207 ),Sylhet Division ( 306 ),Barisal Division ( 131 ), Rangpur Division (

224 ), Khulna Division ( 129 ), Rajshahi Division ( 144 ) . [Website 4]

Features/Services of DBBL Mobile Banking:

-in (cash deposit)

-out (cash withdrawal)

-time Top-up

“BRAC Bank Limited” is set to introduce mobile banking secondly, a top official said the

service will enable millions of banked and unbanked people to deposit, withdraw and transfer

money through mobile phones. BKash, a joint venture between BRAC Bank and US-based

Money in Motion, will provide mobile banking with a fully encrypted VISA technology platform

for transactions through mobile phones. Any mobile user can register and open up a bKash

account and then do transactions through their mobile phones in easy, convenient and reliable

way. “bKash will fundamentally change the way people now do transactions, as all transactions

will be possible through mobile phones in future,” said Syed Mahbubur Rahman, managing

director of the bank. “Customers will not need to come to the bank; rather the bank will go to

them,” he said at a press conference in Dhaka on the occasion of its 10th founding anniversary.

The bank said a bKash account will act as a digital mobile wallet and anybody can take the

service. “Your mobile phone will become your wallet. Customers can get financial services

through phones, even by the handset that costs the lowest,” Rahman said. Under a partnership

with UNDP and Local Government Division, bKash is rolling out mobile banking in 4,501 union

parishads in the country. bKash has already signed a deal with a leading mobile operator and is

in talks with others to enable all mobile users -- currently around 7.5 crore -- to have individual

digital wallets, said Mamdudur Rashid, deputy managing director of the bank. BRAC Bank

launched its operation 10 years back with the objective of bringing unbanked people under

formal banking coverage. The business model of the bank is to mobilise deposits from urban

areas and disburse it to rural areas. The country's youngest bank has already set some records: it

has acquired over 12 lakh customers, bringing full banking services not only to small and

medium enterprises, but all strata of the banking industry, said the bank “Being the youngest

Bangladeshi bank, we have emerged as the largest SME bank serving about 3.65 lakh

entrepreneurs at grassroots level, an achievement that helped global recognition for this

Bangladeshi bank,” said Rashid The bank believes in 3P philosophy -- people, planet and profit

and has been active in Green banking. It has already turned 22 of its SME Unit Offices solar-

powered and plans to convert the rest in the same manner by 2012. [Website 5]

Features/Services of bKash Mobile Banking:

Cash in & cash out

Send money

Token

- create token

- encash token

- redeem token

Payment

My wallet

- check balance

- request statement

- change pin

Bkash Payments are now accepted at the following outlets

Outlet bKash Account Number

Agora

Gulshan-2 0182 307 4908

Uttara 0182 307 4911

Dhanmondi 0182 307 4907

Shantinagar 0182 307 4910

Elephant Road 0182 307 4909

Nando's

Dhanmondi 0184 111 3322

Gulshan 0184 199 6644

Barista

Uttara 0183 336 2169

Gulshan-1 0183 336 2176

Karwan Bazar 0183 336 2178

Hallmark

Gulshan-2 0183 487 7060

Dhanmondi 0183 487 7061

Shantinagar 0183 487 7062

Ramna 0183 487 7063

Table-1

Bkash Agent Location in Sylhet Sadar

Sylhet Sadar

Thana/Upazilla Shop Name Shop Address

Sylhet Sadar Abu Kawsar Store Chand Manjil, Kalighat, Sadar, Ward No. 14, Sylhet

Sylhet Sadar Anjuman Enterprise Station Road, Puler Mukh, Dakkhin Surma, Sylhet

Sylhet Sadar Asha Electronics Bandar Bazar, Puran Lane, Sylhet

Sylhet Sadar Asha Varieties Store Lalbazar Road, Baruthkhana, Sylhet

Sylhet Sadar Bandon Telecom Dorga Gate, Sadar, Sylhet

Sylhet Sadar Beani Bazar

Departmental Store

Airport road, No. 3 Khadim Nagar, Sylhet

Sylhet Sadar Bismillah Telecom Al Hammad Trade Centre, Zinda Bazar, Sylhet

Sylhet Sadar Chandni Enterprize Chandni Ghat, Ward No. 26, Sadar, Sylhet

Sylhet Sadar Ema Telecom No. 2, Tahmina Rahman Mansion, Sylhet

Sylhet Sadar Ima & Eva Telecom Akhalia, Sadar, Sylhet

Sylhet Sadar Imran Enterprise Gotatikar Point, South Surma, Sylhet

Sylhet Sadar Inpage Teletalk Dorga Gate, Upazila: Kotwali, Union: 01 No Ward, District: Sylhet,

Post Code: 3100

Sylhet Sadar Jamuna Telecom Dash Para, Khadim Nagar, Shah Poran, Sylhet

Sylhet Sadar Janapriyo Telecom Azad Shopping Center, Muktijuddha Chattar, Kadamtoli, Sylhet

Sylhet Sadar Kismat Photostat &

Gallery

Islampur Bazaar, Upazila: Sylhet sadar, Union: 04 No Khadimpur,

District: Sylhet, Post Code: 3100

Sylhet Sadar M/S Hanifa Traders Jitu Miah Point, Sheikh Ghat, Ward no. 1, Sylhet Sadar, Sylhet

Sylhet Sadar M/s. Arif Store 25 No, WARD, SCC, Baipas Road (Daudpur), Sylhet

Sylhet Sadar M/s. Nazmul Telecom Shibgong Point, Sadar, Sylhet

Sylhet Sadar M/s. Nova Telecom 7 Masjid Market, Madina Market, Sylhet

Sylhet Sadar M/s. Zahida Telecom Naya Sarak Point, Sylhet Sadar, Sylhet

Sylhet Sadar Ma Enterprise Boteswar Bazar, Sylhet

Sylhet Sadar Ma Photgraphic Centre Sylhet Plaza Market (Ground Floor), Zindabazar,

Sylhet Sadar Maa Telecom Airport Road, Kaltan Samity Market, Sylhet

Sylhet Sadar Maa Telecom Shah Poran, Khadim Nagar, Sadar, Sylhet

Sylhet Sadar Mim Varieties Store Surma Gate, Khadim Nogor, Sylhet Sadar, District: Sylhet, Post

Code: 3100, Division: Sylhet.

Sylhet Sadar Mohadeb Store Kalighat, Sylhet

Sylhet Sadar Murshed Telecom Boteshar Bazar, Khadim Nagar, Sylhet

Sylhet Sadar Mustafa Telecom Mirboxtula, Naya Sarak, Sylhet

Sylhet Sadar My Choise Dot Com Polytechnique Gate, Sylhet Sadar, Ward No. 25, Sylhet

Sylhet Sadar Nazmul Telecom Etim School Road, Baghbari, Kotwali, Sylhet

Sylhet Sadar Nobodigonto Network Notun Bazar Akhalia Sadar, Tuker Bazar, Sylhet

Sylhet Sadar Nowrin Telecom No. 3 Karimullah Market, 3rd Floor, Bandarbazar, Sylhet

Sylhet Sadar Piccadilly Gallery &

Telecom

Howapara Main Road, Zinda Bazar, Sylhet

Sylhet Sadar Pinki VCD & Telecom Airport road, Khadim Nagar, Sylhet

Sylhet Sadar Prime Lighting and

Decorators

Meghna B-16, Daria Para, Ward no. 2, Sylhet

Sylhet Sadar R S Telecom Surma Market, Sadar, Sylhet

Sylhet Sadar Rahmania Telecom Chowki Dighi, Airport Road, Sylhet

Sylhet Sadar Rima Music & Telecom Mu Market, Nipobon Aa/a, Khadim Nagor, Sador, Sylhet

Sylhet Sadar RK Enterprise Subidbazar, Moinul Building, Sylhet

Sylhet Sadar Rukon Telecom Bhatalia Road, Sylhet Sadar, District: Sylhet, Post Code: 3100,

Division: Sylhet.

Sylhet Sadar S R Gift Gallery Tilagor Point, Upazila: Sylhet, Union: 21 No Ward, District: Sylhet,

Post Code: 3100

Sylhet Sadar Saikat Enterprise Taltola Point, Amzodia Market, Sylhet

Sylhet Sadar Saya Telecom Serampur Bazar, South Surma, Sylhet

Sylhet Sadar Shohag Phone Service Airport Road, Choukidekhi, Sylhet

Sylhet Sadar Sikdar Enterprise Bandarbazar, Sylhet

Sylhet Sadar Sky Tel Bashundhara, Rajbari, Raynagar, Sylhet

Sylhet Sadar Sohel Telecom Kazitula, Sadar, Sylhet

Sylhet Sadar Sonny Audio Complex Baluchar PointM.C.Collage Road, Sadar, Sylhet

Sylhet Sadar Star Telecom Airport Road, Ambarkhana, Sylhet

Sylhet Sadar Star Telenet Gate no. 2, Usmani Medical Road, Ward no. 3, Sadar, Sylhet

Sylhet Sadar Sylhet Robi Sheba 117-Azadi, Mirboxtula, Sylhet

Sylhet Sadar Tanmoy Enterprise Kanishail Road, Shamimabad, Sylhet

Sylhet Sadar Zahed & Sons Lais Super Market, Station Road, Sylhet

Table-2

“Banglalink, Dhaka Bank and Western Union” jointly launched the Mobile Money Transfer

service. With this new Mobile Money Transfer service enabled by Banglalink, Dhaka Bank and

Western Union, consumers in Bangladesh who register for a Dhaka Bank approved account in

Banglalink Mobile can choose to credit the money sent through the Western Union® Money

TransferSM service from over 200 countries and territories to their mobile account.

Bangladeshi expatriates can also visit a Western Union® Mobile Money TransferSM enabled

Agent locations to conduct a Mobile Money Transfer and send cash to any valid Banglalink

mobile phone number.

Banglalink mobile users (Dhaka Bank approved account holders) may have access to their

money from any of over 1,700 Dhaka Bank-accredited Banglalink Mobile Cash Points which are

open till 8pm every day, seven days a week.

In the future, this mobile account balance may also be used for local fund transfers, utility

payments, train ticket purchase and airtime topups.

Speaking on the occasion, Banglalink‟s chief commercial officer Asher Yaqub Khan said: “Our

philosophy at Banglalink is based not only on pioneering new mobile services, but also making

mobile technology as affordable and accessible as possible for consumers.”

Western Union moved money from 170 countries to Bangladesh in 2011 and is present at

437,000 agent locations in over 200 countries and territories. Banglalink‟s mobile network

covers over 87 percent of Bangladesh geographically where over 97 percent of people live in.

Dhaka Bank is providing the banking infrastructure underling the service.Dhaka Bank Managing

Director Khondker Fazle Rashid thanked the central bank for initiating a visionary step like

Mobile Financial Services.He said Dhaka Bank has always tried to support Bangladesh Bank‟s

endeavour to provide banking coverage to the unbanked population of the country and has been

the first-ever bank to execute mobile-based transaction in the country.

Western Union Regional Vice President for South Asia and Southeast Asia Ratheesh Kumar

said: “Western Union is celebrating its 160th anniversary and has been moving „money for

better‟ for over 135 years. After working in Bangladesh for over 17 years, this service is another

significant milestone.

Bangladesh has grown to be the world‟s seventh remittance-receiving market, with a growing

need for Bangladeshis overseas to send money to support their families back home. Remittances

make up 9.6 percent of the country‟s GDP. Over 70 percent of Bangladesh‟s population lives in

rural areas where financial services may not be available. [Website 2]

“Bangladesh Post Office” The regular paper based money order service of the post office

seemed a time consuming, expensive and inefficient approach of remit money to any part of the

country. There was a demand for quick transfer of money to locations where the beneficiary can

collect and use it instantly. With this perspective in view, Bangladesh Post launched a new

money order service named Electronic Money Transfer Service (EMTS), commonly known as

Mobile Money Order Service. This fulfilled the expectations of people to remit the desired

amount of money to their near and dear ones so as to utilize when they need. This is mobile as

well as web based remittance service available in all important post offices of the country. The

sender can send the money within a minute and recipient/beneficiary can collect it instantly.

Both sender and recipient get confirmation of the remittance and disbursement as soon as it is

made in their mobile phones. This service is available in all important post offices of the country.

Presently 2000 post offices provide the EMTS which is covering all district, upazilla/thana and

important/busy rural post office locations. Every month hundreds of post officials are being

trained and the service is expanded to those locations.

Bangladesh Post maintains a server and call center to monitor and support the service. All

Electronic Money Transfer Service locations (post offices) are equipped with computer, internet

connectivity and/or mobile phones which are used to send the issue or payment request to the

server.

Procedure: The sender goes to the post office and fills up an issue form (EMO -1) giving

required information like sender name, address, mobile phone number, recipient's name, address

mobile phone number, amount of money to be sent etc. The post office staff sends the

information to the central server through the computer or official EMTS mobile phone. When the

request is accepted and confirmed by the server through issuing SMS generating a 16 digit

unique PIN to senders mobile phone and a separate confirmation message is sent to issuing post

office. The sender shall inform the recipient to collect the money from his/her nearest post office.

The recipient goes to the post office and again fill up the disburse form (EMO-2) and claim the

money showing the PIN. The post office counter operator verifies the information given by the

recipient from server with those used earlier by sender; if everything is match the disbursement

procedure is made. As soon as the disbursement is completed the sender is again confirmed by

another SMS generated by the server. [Website 8]

Features

1.Remittance in a minute

2.User Friendly- adoption of mobile phones & applications

3.Maximum Area coverage: Locations distributed throughout the country

(presently 2000 POs), to be expanded to all Post Office locations

4.Transaction security ensured by a 16 digit auto PIN generation mechanism

5.Independent of Mobile Operator-customer enjoying mobile operator's service can use this

service.

6.EMTS devices not specific to power sources like electricity -have freedom of using any Source

of Power (electricity, battery, solar charger)

7.Ensure customer satisfaction- Daylong well acquainted Help Desk Service

8.Optional Corporate Services:

a)One 2 Many transactions-Option for Salary Disbursement

b)Many 2 One Transactions- Option for collection of tution/Admission fees from students

9.Location Independent Disbursement

10.Widely used Network Partner- Banglalink Mobile Operator

11.Database Management and Security-VPN Connectivity

12.Scope to add new value added service and future expansion

2.2 History of Mobile Banking in Abroad:

Improving access to financial services, such as savings, deposits, insurance and remittances, is

vital to reducing poverty. Savings can help poor people to invest in productive assets like

livestock, a loan may help to expand business activities, and insurance can provide income for a

family if a breadwinner becomes sick. In many developing countries, however, 9 out of 10

people do not have a bank account or access to basic financial services. Poor people are often not

considered viable customers by the formal financial sector as their transaction sizes are small,

and many live in remote areas

beyond the reach of banks branch networks. Informal banking services such as microfinance and

village savings and loan associations remain limited in their reach.

The first mobile banking and payment initiatives were announced during 1999 (the same year

that Fundamo deployed their first prototype). The first major deployment was made by a

company called Pay box (largely supported financially by Deutsche Bank). The company was

founded by two young German‟s (Mathias Entemann and Eckart Ortwein) and successfully

deployed the solution in Germany, Austria, Sweden, Spain and the UK. At about 2003 more than

a million people were registered on Pay box and the company were rated by Gartner as the leader

in the field. Unfortunately Deutsche Bank withdraws their financial support and the company

had to reorganise quickly. All but the operations in Austria closed down. Another early starter

and also identified as a leader in the field was a Spanish initiative (backed by BBVA and

Telephonica), called Mobi Pago. The name was later changed to Mobi Pay and all banks and

mobile operators in Spain were invited to join. The product was launched in 2003 and many

retailers were acquired to accept the special USSD payment confirmation. Because of the

complex shareholding and the constant political challenges of the different owners, the product

never fulfilled the promise that it had. With no marketing support and no compelling reason for

adoption, this initiative is floundering at the moment. Many other large players announced

initiatives and ran pilots with big fanfare, but never showed traction and all initiatives were

ultimately discontinued. Some of the early examples are the famous vending machines at the

Helsinki airport supported by a system from Nokia. Siemens made announcements in

conjunction with listed and high-flying German e-commerce company, Brokat. Brokat also won

the lucrative Vodafone contract in 2002, but crashed soon afterwards when it runs out of funds.

Israel (as can be expected) produced a large number of mobile payment start-ups. Of the many,

only one survived – Trivnet. Others like Adamtech (with a technically sound solution called Cell

pay) and Paytt disappeared after a number of pilots but without any successful production

deployments. Initiatives in Norway, Sweden and France never got traction. France Telecom

launched an ambitious product based on a special mobile phone with an integrated card reader.

The solution worked well, but never became popular because of the unattractive, special phone

that participants needed in order to perform these payments. Since 2004, mobile banking and

payment industry has come of age. Successful deployments with positive business cases and big

strategic impact have been seen recently.

2.3 SWOT Analysis of Mobile Banking

Strengths:

1. Mobile as a technology provides all the

support required to leverage Banking

transactions.

2. Ease of availability- any time, any where.

3. Rapid growth of Mobile and wireless market.

Weakness:

1. Lack of awareness about the new channel

among the mobile users.

2. Security concerns about the new channel

3. Mobile Handset Operatability

4.Application distribution

Opportunity:

1. Rapid increase in the Mobile user base and

acceptance of the Mobile technology even in

Rural areas makes a bigger market available for

mobile banking to expand.

2. With technology advancements in Mobile

handsets rich features can be embedded in the

application.

3. Lowering of Mobile Tarrif rates - GPRS

plans, SMS

Threats:

1. Regulatory restrictions by "Bangladesh Bank

to launch Mobile banking as a separate channel.

2. Acceptance of new technology by users.

3.Customer misuse of products and services

4. Traditional banking risks such as credit risk,

liquidity risk and market risk are also present in

e-banking sectors.

2.4 Advantages of Mobile Banking:

The biggest advantage that mobile banking offers to banks is that it drastically cuts down the

costs of providing service to the customers. For example an average teller or phone transaction

costs about $2.36 each, whereas an electronic transaction costs only about

$0.10 each. Additionally, this new channel gives the bank ability to cross-sell up-sell their other

complex banking products and services such as vehicle loans, credit cards etc.

For service providers, Mobile banking offers the next surest way to achieve growth. Countries

like Korea where mobile penetration is nearing saturation, mobile banking is helping service

providers increase revenues from the now static subscriber base. Service providers are

increasingly using the complexity of their supported mobile banking services to attract new

customers and retain old ones.

A very effective way of improving customer service could be to inform customers better. Credit

card fraud is one such area. A bank could, through the use of mobile technology, inform owners

each time purchases above a certain value have been made on their card. This way the owner is

always informed when their card is used, and how much money was taken for each transaction.

Similarly, the bank could remind customers of outstanding loan repayment dates, dates for the

payment of monthly installments or simply tell them that a bill has been presented and is up for

payment. The customers can then check their balance on the phone and authorize the required

amounts for payment.

The customers can also request for additional information. They can automatically view deposits

and withdrawals as they occur and also pre- schedule payments to be made or cheques to be

issued. Similarly, one could also request for services like stop cheque or issue of a cheque book

over one‟s mobile phone.

There are number of reasons that should persuade banks in favor of mobile phones. They are set

to become a crucial part of the total banking services experience for the customers. Also, they

have the potential to bring down costs for the bank itself. Through mobile

messaging and other such interfaces, banks provide value added services to the customer at

marginal costs.

Such messages also bear the virtue of being targeted and personal making the services offered

more effective. They will also carry better results on account of better customer profiling. Yet

another benefit is the anywhere/anytime characteristics of mobile services. A mobile is almost

always with the customer. As such it can be used over a vast geographical area. The customer

does not have to visit the bank ATM or a branch to avail of the bank‟s services. Research

indicates that the number of footfalls at a bank‟s branch has fallen down drastically after the

installation of ATMs. As such with mobile services, a bank will need to hire even less employees

as people will no longer need to visit bank branches apart from certain occasions.

With Indian telecom operators working on offering services like money transaction over a

mobile, it may soon be possible for a bank to offer phone based credit systems. This will make

credit cards redundant and also aid in checking credit card fraud apart from offering enhanced

customer convenience. The use of mobile technologies is thus a win-win proposition for both the

banks and the bank‟s customers.

The banks add to this personalized communication through the process of automation. For

instance, if the customer asks for his account or card balance after conducting a transaction, the

installed software can send him an automated reply informing of the same. These automated

replies thus save the bank the need to hire additional employees for servicing customer needs.

2.5 Disadvantages of Mobile Banking

Security: Security experts generally agree that mobile banking is safer than computer banking

because very few viruses and Trojans exist for phones. That does not mean mobile banking is

immune to security threats, however.

Mobile users are especially susceptible to a phishing-like scam called "smishing." It happens

when a mobile banking user receives a fake text message asking for bank account details from a

hacker posing as a financial institution. Many people have fallen for this trick and had money

stolen through this scam.

Online banking is usually done through an encrypted connection so that hackers cannot read

transmitted data, but consider the consequences if your mobile device is stolen. While all

banking applications require us to enter a password or PIN, many people configure their mobile

devices to save passwords, or use insecure passwords and PINs that are easy to guess.

Compatibility: We need a smart phone to get the most out of mobile banking.

Mobile banking is not available on every device. Some banks do not provide mobile banking at

all. Others require you to use a custom mobile banking application only available on the most

popular smart phones, such as the Apple iPhone and RIM Blackberry. Third-party mobile

banking software is not always supported.

If we do not own a smart phone, the types of mobile banking we can do are usually limited.

Checking bank account balances via text message is not a problem, but more advanced features

such as account transfers are generally not available to users of "dumb phones."

Cost: The cost of mobile banking might not appear significant if we already have a compatible

device, but we still need to pay data and text messaging fees. Some financial institutions charge

an extra fee for mobile banking service, and we may need to pay a fee for software. These extra

charges quickly add up, especially if we access mobile banking.

2.6 Prospect of Mobile banking in Bangladesh

Mobile Banking is a Banking process without bank branch which provides financial services to

unbakedcommunities efficiently and at affordable cost. The aim of the service is to bring more

people under the umbrella of banking service. Bangladesh Bank governor Dr Atiur Rahman

inaugurated the service through deposit and withdrawal of money from two banking outlets in

the city. Government thinks it has a great prospect as it is a new technology in digital

Bangladesh. But in Bangladesh many people think traditionally, because they cannot think it has

any facility to use mobile banking. 69% people feel mobile banking has prospect in Bangladesh

whereas 31% think it has no prospect in Bangladesh as many people will not feel interest or have

belief on mobile banking.

2.7 Upcoming Mobile banking in Bangladesh

“Mercantile Bank Limited” By next six month Mercantile Bank Limited will introduce

branchless mobile banking in 50 union information service centers as pilot programme to

provide banking facilities to the grassroots level in the country. The remaining UISCs will be

brought under the programme in phases. All banking facilities including opening of bank

account, cash withdrawal and depositing of money and receiving remittances will be available

through the mobile banking.

“Islami Bank Bangladesh Limited” SSL Wireless and Islami Bank Bangladesh Limited have

entered an agreement to provide Mobile Banking Services in Bangladesh for all the major

telecom providers.

In accordance with the agreement, SSL Wireless will provide both Push and Pull Banking

solutions to Islami Bank Bangladesh Limited with the aid of the mobile phone SMS features.

From now on, whenever any customer of Islami Bank Bangladesh Limited is in need to know the

details of the account balance and his or her mini account statement, they simply have to send a

standard SMS from their handset to a designated short code 6969, that SSL Wireless provides to

Islami Bank Bangladesh Limited under this agreement. After receiving the SMS from the

customer, a query will then be dispatched from the highly 128 bit SSL encrypted server that is

installed on Islami Bank Bangladesh Limited‟s end to the customer letting them know of the

details they are interested in.

SSL Wireless is the first of its kind in the entire nation to provide such highly automated mobile

banking solutions to all of the subscribers for any network carrier in Bangladesh including

Grameenphone, Aktel, Banglalink, Warid Telecom, CityCell and TeleTalk. This highly secured

service will not only enable the remote users to connect with the bank from their home or office

but it will also save much time for both the customer and the bank. Mobile banking solutions is

one of the highest growing value added services in Bangladesh with SSL Wireless taking up the

majority of the market share since their inception. SSL Wireless also have introduced the remote

account transactions for everyone in Bangladesh with a mobile phone and in the near future the

customers of IBBL will receive the money sent from any place of home or abroad through this

service. [Website 7]

CHAPTER THREE

3. Methodology of the study

Site Selection

The topic chosen for the assignment is “Mobile Banking in Bangladesh.”

Site Design

I work with non-government sector and also include government sector.

Country Map Figure 1: Country City Map

Source: [Website 2]

Data Collection

All the data and information which is related to my task was collected from secondary source.

Data Analysis

I use Microsoft Word and Microsoft PowerPoint to prepare this assignment.

CHAPTER FOUR

4. Result and Discussion

Mobile banking is a new technology in Bangladesh which started from 31st March 2011. Dutch

Bangla Bank Limited pioneered in mobile banking services in Bangladesh. Most people heard

about it but not have a clear idea. According to a survey report almost 94% people heard about

mobile banking and 6% haven‟t heard about mobile banking. Many people heard about mobile

banking. But they yet have not felt that they should use it as they are happy to use traditional

banking system. Some people feel interest to use it. About 55% people feel they should use it

and 45% people haven‟t feel to use mobile banking according to the survey.

Mobile banking is real time on-line banking. As it is on-line banking it takes less time than

traditional banking. It will make access to banking and advanced payment, transactions at

affordable cost People have not to wait by standing in a long line which is happen in traditional

banking system. But some people think it takes higher time and some people think it takes same

time as traditional banking.

Mobile banking is available anytime, anywhere throughout the country. So it can save one‟s

time. But all people not think the same. About 70% respondents think that mobile banking can

save their time, where as 30% think it cannot save time.

Mobile Banking drastically cuts down the costs of providing service to the customers.It is

convenient, affordable and it is much more effective in developing savings habits, it will make

access to banking and advanced payment transactions at affordable cost. All people know that its

cost is not higher than traditional banking. Around 56% respondents say its cost is lower, 20%

say same and 24% say it is affordable than traditional banking. . A positive aspect of mobile

phones is that mobile networks can reach remote areas at low cost.

It is much safer and safeguard against fraudulent transactions. One can trust mobile banking as

traditional banking system. It has secured pin code which is known by the user, and also has a

check digit without it no one can deposit money. But in Bangladesh traditional branch-based

banking remains the most widely adopted method of conducting banking transaction. The poor

often have greater familiarity and trust with mobile phone companies than formal banking

institutions. Furthermore a mobile handset can easily be adapted to handle banking transactions.

But it is not commonly known by all. From the survey itis found that 63% respondents think

mobile banking is trust worthy and 37% respondents feel it is not trust worthy.

It is much more effective in developing savings habits. Its using system is also easy. Anyone can

use it. Poor people are often not considered viable customers by the formal financial sector as

their transaction sizes are small, and many live in remote areas beyond the reach of banks branch

networks. Informal banking services such as microfinance and village savings and loan

associations remain limited in their reach. So, mobile banking system develops to bring poor

people into banking system. 83% respondents face or heard no problem to use mobile banking.

But 17% respondents heard or face problems to use it likesometimes transaction do not reach at

time, cannot operate it easily as traditional banking, not trust worthy.

Mobile service operators of M- banking

Name of Banks Mobile service operators

Brac Bank GrameenPhone, Aktel.

Dhaka Bank GrameenPhone, Banglalink.

Mercantile Bank

Limited

GrameenPhone, Citycell, Aktel, TeleTalk.

Dutch-Bangla Bank GrameenPhone, Citycell, Aktel, Banglalink.

Islami Bank

Bangladesh

Grameenphone, Aktel, Banglalink, Warid Telecom,

CityCell and TeleTalk

Bangladesh Post

Office

Grameenphone, Aktel, Banglalink, Warid Telecom,

CityCell and TeleTalk

Table-3

Usage rate of M-banking customers

Usage level No. of customers Percentage (%)

Frequently 10 10

Sometimes 40 40

Hardly 30 30

No use at all 20 20

Satisfaction level of M- banking customers

Satisfaction level No. of customers Percentage (%)

Highly 28 35

Medium 40 50

Low 12 15

In this assignment some major findings are-

Service providers are increasingly using the complexity of their supported mobile

banking services to attract new customers and retain old ones.

A very effective way of improving customer service could be to inform customers better.

Credit card fraud is one such area.

The banks add to this personalized communication through the process of automation.

Mobile banking is not available on every device. Some banks do not provide mobile

banking at al.

The cost of mobile banking might not appear significant if we already have a compatible

device, but we still need to pay data and text messaging fees.

Mobile Banking reduces the costs of providing service to the customers.

Most of the rural area people are the potential customer of mobile banking.

Table-4

Table-5

CHAPTER FIVE

5. Recommendation

On the basis of field observations and analysis of the gathered information from the relevant

studies the following recommendations may be proposed for further improvement of Mobile

Banking in Bangladesh:

Government must have to take adequate measures to ensure the uninterrupted supply of

raw materials for M-Banking.

To reduced M-Banking limitation all banks should provide this opportunity.

Government should easier the process to lunch mobile banking service.

Government should provide help about mobile banking.

Rules and Regulations must be stricken about mobile banking.

Employees of customer service department of banks should be co-operative for

registration and educating the customers this technology-based service.

User guide should be provided to all intended customers.

Banks should use all mobile service operators available in Bangladesh.

More services should be included in M- banking.

6. Conclusion

More than three billion mobile phones are currently in operation worldwide and fully 70% of the

total population of developing countries fall within the coverage of existing cellular networks.

Mobile banking is suspended to become the big killer mobile application arena. However, banks

going mobile the first time need to step the path cautiously. The biggest decision that banks need

to make is the channel that they will support their services on. Mobile banking through an SMS

based service would require the lowest amount of effort, in terms of cost and time, but will not

be able to support the full breath of transaction-based services. However, in markets like India

where a bulk of the mobile population users' phones can only support SMS based services, this

might be the only option left.

On the other hand a market heavily segmented by the type and complexity of mobile phone

usage might be good place to roll of WAP based mobile applications. According to the Gartner

Group, mobile banking services will have to support a minimum of 50 different device profiles

in the near future.

However, currently the best user experience, depending on the capabilities of a mobile phone, is

possible only by using a standalone client.. Mobile Application based banking is poised to be a

big m-commerce feature, and if South Korea's foray into mass mobile banking is any indication,

mobile banking could well be the driving factor to increase sales of high-end mobile phones.

Nevertheless, Bank's need to take a hard and deep look into the mobile usage patterns among

their target customers and enable their mobile services on a technology with reaches out to the

majority of their customers.

CHAPTER SIX

7. REFERENCE

Website:

1.http://www.scribd.com/search?query=assignment+on+mobile+banking+in+bangladesh

2. http://www.google.com

3. http://en.wikipedia.org/wiki/Mobile_banking

4. http://www.dutchbanglabank.com/electronic_banking/mobile_banking.html

5. http://www.brac.net/node/1001

6. http://www.bkash.com/

7. http://www.thedailystar.net/newDesign/news-details.php?nid=51635

8. http://www.bangladeshpost.gov.bd/EMTS.asp

BOOKS/ JOURNAL

9. BRAC Bank mobile bank news.

10. Shirali S. and Shirali S. M. H., “Mobile Banking Services in the Bank Area," SICE

Annual Conference, Kagawa University, Japan, pp.2682- 2685, September 17-20, 2007.

11. Ahmed, S. M. Sohel, and Asaduzzaman, Md. (2011), „„Consumer Choice Behavior

towards Mobile Phone Operators in Bangladesh‟‟ -Journal of Arts, Science & Commerce, ■ Vol.

– II, pp. 30-39 Al-Akhras T Mousa,Al-Saiyeed Rizik,Alian Marwah and Qwasmi

Doaa:Innovative Secure Mobile Banking Services,2011, p.195.

12. Benamati, J. S., & Serva, M. A. (2007). Trust and distrust in online banking: Their

role in developing countries. Information Technology for Development, 13(2), 161-175.

13. Brown, I., Cajee, Z., Davies, D., & Stroebel, S. (2003). Cell phone banking:

Predictors of adoption in South Africa--an exploratory study. International Journal of

Information Management, 23(5), 381-394.

14. Burt, R. S. (1992). Structural holes: The social structure of competition. Cambridge:

Harvard University Press.

15. Castells, M. (1996). The rise of the network society (Vol. 1). Malden, MA:

Blackwell.

16. Chipchase, J., Persson, P., Piippo, P., Aarras, M., & Yamamoto, T. (2005). Mobile

essentials: field study and concepting. Paper presented at the 2005 Conference on Designing for

User eXperience. From http://portal.acm.org/citation.cfm?id=1138301

17. And many other PDF report on Mobile Banking collect from internet.

18. http://palpapers.plynt.com/issues/2005Sep/sms-banking/

APPENDICES

Features/Mobile Banking Services (In General)

Mobile banking can offer services such as the following:

1) Account Information:

-statements and checking of account history

ccess to card statements

2) Payment, Deposits, Withdrawals & Transfers:

-payment handling

A specific sequence of SMS messages will enable the system to verify if the client has sufficient

funds in his or her wallet and authorize a deposit or withdrawal transaction at the agent. When

depositing money, the merchant receives cash and the system credits the

client's bank account or mobile wallet. In the same way the client can also withdraw money at

the merchant: through exchanging sms to provide authorization, the merchant hands the client

cash and debits the merchant's account.

3) Investments:

-time stock quotes

4) Support:

cluding mortgage approval, and insurance coverage

5) Content Services:

alty-related offers

-based services

Based on a survey conducted by Forrester, mobile banking will be attractive mainly to the

younger, more "tech-savvy" customer segment. A third of mobile phone users say that they may

consider performing some kind of financial transaction through their mobile phone. But most of

the users are interested in performing basic transactions such as querying for account balance and

making bill payment.

Network Architecture for mobile banking system

The following is a diagram shows a structural design for the mobile banking scheme.

Figure-2

In the above diagram the 2-way SSL link between the service provider and between the mobile

banking application and the service provider and also between the service provider and the

wireless carrier ensures confidentiality of data. The email message sent by the bank is PGP

encrypted and signed in order to ensure confidentiality and integrity of data.

The following diagram shows the recommended placement of the SMS banking components in

the banking infrastructure. [website 18]

PROFILE OF AUTHOR

Name: Faglul Karim Raihan

Date of Birth: 16-12-1989

Father`s Name: Md: Rashid Ahmed

Mother`s Name: Raihana Sultana Chowdhury

Permanent Address: 19/3 Fazil Chisth, Subidbazar,

Sylhet, Bangladesh.

Occupation: Student

ID No: 1001010142

Section: C

Semester: 7

Batch No: 24

Department: Business Administration

Name of Institution: Leading University, Sylhet,

Bangladesh

Contact No: +88-01715777865

Email: raihan_lu@yahoo.com