Visa launches commercial card solution for businesses to pay suppliers

Digital payment service provider Visa recently launched a solution titled "Business Payment Solution Provider" (BPSP) in partnership with SSL Wireless and Southeast Bank. 

The solution allows businesses and corporate buyers to make it possible for businesses to do commercial card payments for various services -- utility bills, salary, rent and supplier payments.

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"As the country's first such platform that bridges the gap between card-enabled businesses and non-card accepting suppliers, I am certain this will drive financial inclusion among businesses," said Soumya Basu, country manager for Bangladesh, Nepal and Bhutan at Visa.

"Creating a cashless society, the BPSP service will allow corporate organisations to pay their vendors in a quick and hassle-free manner along with up to 49 days of interest free credit period," said Abdus Sabur Khan, executive vice-president of Southeast Bank.

"The BPSP platform will help SMEs and corporations … manage their vendor and other payments as well as secure credit in the most efficient manner possible so that they are free to focus their energy on improving their business profitability," said Shahzada M Redwan, director of SSL Wireless.

Iftekhar Alam, chief operating officer of SSL Wireless, Ashish Chakraborty, director of Visa Bangladesh, Nepal and Bhutan, Arifur Rahman, director of Visa Bangladesh, Nepal and Bhutan, and Abdus Sabur Khan, head of cards of Southeast Bank, were present.