e-payment Services Using Biometric Smart Card

Transcription

1 e-payment Services Using Biometric Smart Card Disbursement of Old Age Allowance

2 Company Profile DG Infotech Ltd. is a subsidiary of Dipon Group, a leading engineering and technology company. Some of the attainments of the Group are: The largest gas pipeline engineering & construction company in Bangladesh Engineering solution provider in mobile telecommunication First telecom equipment repairing laboratory Fast growing construction company in Abu Dhabi, UAE Pioneer in CNG public transportation in Bangladesh Only Bangladeshi engineering & construction company in India

3 Achievements Largest gas process plant in Asia Highest length of pipeline in Bangladesh Largest operator of CNG bus fleet in Dhaka Executed multiple engineering & supervision contracts in National Highway Authority of India. Mumbai Pune Highway project in the state of Maharashtra Bridge across river Kosi, Guide Bund & Afflux Bund in the state of Bihar Lucknow- Meerut Highway, Sitapur Section in the State of Uttar Pradesh Pimpalgaon - Dhule BOT project in the state of Maharashtra Only Bangladeshi first-class contractor in UAE Successfully executed ship conversion work in Malaysia ISO-Certification and international business awards

4 Old Age Allowance Ministry of Social Welfare is the overseeing authority Executing agency: Department of Social Services Total beneficiary 2.25 million. Distributed through Sonali / Janata / Agrani / BKB / RAKUB. Distributed quarterly Taka 3,600/- per person per year.

5 Pilot Project Data Acquisition (1,097 beneficiaries of 3 Unions of Dhamrai) Electronic Registration with biometric features Personalization and Validation Issuance of Smart Card & Payment through BKB using biometric POS machines Automated Reporting

6 DGe-Pay Ecosystem MFI s Top UP A/C s Banks POS Banking Post Office F I s & P E Houses DGe-Pay EFT IPG Mobile Interface Municipality WiMAX GSM Mobile Operators CDMA Transportation Electricity Gas Water Rural Individual POS Micro banking Public Utilities Agri Inputs Providers Govt Salaries, Disbursements for Aged & widows Rural Shops & Merchants

7 Existing System vs e-payment System Manual recording Electronic recording Paper passbook Biometric smart card Payment notification manually SMS notification (optional). Manual verification Biometric / PIN validation Fund disbursement from Sonali Bank Payment through any Govt. Head office to Sonali / Janata / Agrani approved agent / entity / BKB/RAKUB, (Duration months) Generally payments occur every 3 months Payment possible anytime Fraudulent payment is common Full proof payment. Manual data storage & access Remote access is available only in Bank / DSS premises. Lengthy approval process for payment One stop payment Poor data security High data security

8 Drawback of Existing system Long waiting period. Lack of transparency. Possibility of theft and fraud. Middlemen taking advantage. Timely & accurate reporting is difficult. Time-consuming payment reconciliation. High manpower involvement. Lack of instant access to information. Sometimes beneficiaries don t get the allowance.

9 Benefits of e-payment System Avoid corruption & cash theft, Instant access to transaction reports / statistics, Highly secured technology (biometric feature), 0% probability of duplicity (verification by fingerprint), Fully automated, secure & real time monitoring system, Reduction in operational time (Bank, DSS, Ministry), Nominee can withdraw money on behalf of beneficiary through nominee s pre-recorded fingerprint, Providing cardholders mobility and accessibility to any convenient / near location.

10 Potential e-payment Services Government 2 Person (G2P): Freedom Fighter Allowance Widow Allowance Disable Allowance Educational Stipend Health Services Other Govt. Allowance Business 2 Person (B2P): Salary disbursement by corporate bodies / Industries such as garment employees / Office etc. Person 2 Government (P2G): Payment of income tax, city corporation tax etc.

11 Potential e-payment Services Contd.. Cash: Cash-in and Cash-out through 3 rd party agents, NGO MFI branches, MNO agents, Insurance agents, Bangladesh Post Office branches; Person 2 Person (P2P): Fund Transfer from one customer s smart card account to the smart card account of another customer (domestic remittance); Person 2 Business (P2B): Utility Bill payment, tuition fee payment, loan installment, deposit payment, Insurance premium payment, Merchant payment, Bus/Railway/Airline ticket, Cinema Ticket.

12 Thank You Towards Digital Bangladesh