Bangladesh Post Office has taken decision to assimilate its Postal Cash Card with Visa and MasterCard to update its services to compete with a transformed world and thus boost revenue earnings. It has also decided to label itself with e-commerce titans Amazon and Alibaba.com to make its e-commerce service a big jump.
According to an official document, a procedure is in progress to integrate the Postal Cash Card with the Visa and MasterCard mainly for collecting remittance from Bangladeshi expatriates living in different countries.
Technological aspects have already been completed with the authorities of the two cards and the system will be launched by December next.
The Postal Department has already welcomed the formal proposals from the Visa and MasterCard authorities to complete the revenue sharing agreement. Currently, 8,500 posts offices, including in all upazila headquarters, district towns and divisional cities, and important sub-post offices have this service.
The main goal of the service is to bring the ordinary people under the banking service through the Postal Cash Card.
This card will lessen the risk of carrying cash and enable customers to get the benefits of encashment and remittance in post office counters and also ATM booths. This card may also act equally as Debit Card, Credit Card and Plastic Money.
The government also introduced e-commerce service in 20 post offices in Dhaka metropolitan area on 29 December 2016 under a pilot project. The service will be introduced in all the 64 districts of the country very soon.

Besides, a process is ongoing to sign a memorandum of understanding with one of the biggest electronic payment gateways MasterCard and e-commerce titans Amazon and Alibaba.com to spread the e-commerce service of the postal department outside Bangladesh.
Apart from these steps, the Postal Department has taken an initiative to provide agent banking as Bangladesh Bank had formulated a policy for providing banking services in the country's rural areas through various organisations.