Currently, Freelancing has been taken as a popular career pathway by many youths in Bangladesh. In the country many skilled people are earning handsome foreign currencies through freelancing jobs in different outsourcing platforms. However, bringing the money home was quite tiresome even a few days ago. From February 10, 2022, BKash, the payment gateway of BRAC Bank has launched a groundbreaking service to bring any foreign currency into Bangladeshi Taka via Payoneer to bKash transaction system. This article will cover the fund transfer system from Payoneer to BKash.
What is Payoneer
It is an American financial transaction platform that provides online money transfer services.
Customers can make financial transactions using virtual bank account numbers in different currencies, prepaid master and debit cards, and E-Wallet. The money received can be withdrawn through a bank account of any country. In addition, online shopping can be done with the Payoneer debit card. It is providing wire transfer, online payment, and reloadable debit card services in more than 150 local currencies in 200 countries including Bangladesh.
Companies like Google, Amazon, Airbnb use Payoneer to make hundreds of payments worldwide. It is used in E-Commerce marketplaces like Rakuten and Walmart and freelance marketplaces like Fiverr and Envato.
Payoneer to Bkash Fund Transfer System: Step-by-step Process
Payoneer and BKash account holder Bangladeshi Freelancers can enjoy this benefit across the country. Here is the step by step process of transferring funds from Payoneer account to Bkash account.
1 - First the users need to login into the BKash app with the phone number and PIN number as usual.
2 - From the home screen of BKash, they need to go to the 'More' option and from there click on remittance.
3 - Here clicking on Payoneer will ask for Payoneer information on the new screen.
4 - If the Payoneer account is not opened in this part, then a new Payoneer account can be opened from here. And if the users already have a Payoneer account, they have to link between Payoneer and BKash accounts.
5 - Then they are required to enter the Payoneer with the username and password on the new screen. And then BKash will be connected with Payoneer.
6 - The Payoneer part in the BKash app will show the customer ID and email number registered with the customer’s Payoneer account. After that, they can choose to bring money. Under the title, the balance in Payoneer in different currencies will be mentioned. From there they can select any of them.
7 - After specifying the amount of the fund that will be transferred to the BKash app, click on ‘Advance’.
In this case, it is important to keep in mind that for the transaction, the users are required to have the equivalent balance of at least BDT.1000 in their Payoneer account. There is no hassle of filling out any form separately, this service is rather available 24 hours a day from anywhere for free.
Introducing the ‘Payoneer to BKash fund transfer system’ is really a great advancement for the freelancing professionals in Bangladesh. This gateway will get many freelancers rid of the hassles for money transactions. As a result, the suspicion of bringing freelancing money into the country will be removed. Not to mention, this easy money transaction process can move out barriers to take freelancing as a career and encourage many potential Bangladeshi youths to work in the outsourcing platforms and earn more foreign currencies.