On May 3, 2023, I had the privilege of speaking at an impactful workshop titled “The Challenges of Accepting International Payments: How to Build a Sustainable Payment System for Global Growth.” Organized by the Bangladesh Association of Contact Center and Outsourcing (BACCO) in collaboration with the Business Promotion Council (BPC), the day-long event was held at the Glacia Hotel & Resort in Dhaka.
This workshop was a timely initiative to address the pressing challenges faced by Bangladeshi businesses, freelancers, and entrepreneurs in navigating the complexities of international payments while exploring sustainable solutions for global growth.
Key Highlights from the Workshop
Some of the critical topics covered during the session included:
✅ Identifying challenges in Bangladesh’s payment ecosystem, such as high transfer fees, regulatory complexities, and awareness gaps.
✅ Exploring sustainable solutions for global payments through proper legal structures and compliance strategies.
✅ Equipping freelancers, entrepreneurs, and BPOs with practical knowledge to navigate international financial systems effectively.
✅ Engaging participants in discussions about the importance of collaboration among businesses, financial institutions, and policymakers to streamline cross-border payments.
Bridging the Gap in International Payments
The BACCO workshop, “The Challenges of Accepting International Payments: How to Build a Sustainable Payment System for Global Growth,” addressed the key barriers Bangladeshi businesses face in global transactions, including strict regulations, high transfer fees, and export quotas. It provided actionable solutions to streamline international payments and align with global standards.
As a speaker, I shared insights from my decade-long experience in global payment systems and legal structuring, helping non-US residents, entrepreneurs, and freelancers optimize financial operations. The session emphasized creating a robust payment ecosystem to accelerate foreign revenue inflows and support Bangladesh’s economic growth.
The event featured expert contributions from Payoneer and BACCO’s leadership, with active participation from 52 trainees across 45 member organizations. It highlighted Bangladesh’s potential as a global outsourcing hub, stressing the importance of seamless payment processes for sustained growth and success.
Gratitude and Vision
Workshops like this play a vital role in shaping Bangladesh’s position as a rising star in the outsourcing and international trade sectors. With a growing pool of talented freelancers and innovative entrepreneurs, building smoother payment systems is essential for sustaining this momentum.
Alhamdulillah, I feel privileged to have contributed to an event dedicated to empowering businesses on their path to global growth. My heartfelt gratitude to BACCO and BPC for organizing such an impactful and collaborative session, demonstrating their unwavering commitment to fostering learning and innovation.
As we move forward, let’s unite to overcome barriers to international payments and unlock new opportunities for businesses in Bangladesh. I look forward to more initiatives that pave the way for global success!
Happy Learning!
Abdullah Al Mamun
Lead Consultant, Business Globalizer.
