Tuesday, June 18, 2024

oDesk to help transfer freelancers’ payments

Senior official of the US-based company speaks on online payment system
Bangladeshi freelancers will be able to receive payments in their local accounts from their US clients directly through the accounts of oDesk, a global marketplace that helps businesses hire, manage and pay remote freelancers or teams.
oDesk is now working to develop a money transfer system for its Bangladeshi freelancers, said a top official of the company.
As the Bangladeshi freelancers are facing problems in getting payments from their clients in the US, oDesk is introducing the system, said Matt Cooper, vice president of marketplace operation division of the company, in an interview with The Daily Star.
He said, “An efficient payment system is the key to doing online work successfully.”
Cooper came to Dhaka last week to participate in an “appreciation day” for the freelancers of the company in Bangladesh.
oDesk is working on how easily the payment could be reached to the Bangladeshi contractors from their US client institutions, he said.
“No inter-media would be required and the fees are attractive for transferring the payments,” Cooper said, adding that the service will be available soon in Bangladesh.
Cooper earlier came to Dhaka at the end of last year to attend a “digital fair” — e-Asia — and came to know about the payment-related problems of the Bangladeshi freelancers, he said.
Bangladeshi freelancers have already urged the government to take initiative to open Paypal’s operations in the country. Paypal is a global online payment organisation based in the US.
After his first visit to Bangladesh, Cooper also met the chief executive officer of Paypal and requested them to start their operations in Bangladesh.
A group of officials of Paypal would come to Dhaka within this year to look for scope to work here, Cooper said. But before that, oDesk will work to facilitate money transfer from its own bank account, he said
In March, a member of Bangladesh Association of Software and Information Services (BASIS) went to California, the headquarters of Paypal, to request them to start their operations in Bangladesh.
oDesk offers employment opportunities globally and independent freelancer contractors can work with their clients through oDesk all over the world, said Cooper.
Maximum works are technical. About the works he said, 60 percent revenues of oDesk come from software development, while the rest are from search engine optimisation, data entry, market research and translations with a wide range of non-technical jobs.
Cooper said 30 percent of Bangladeshi contractors work for search engine optimisation, while 12 percent for data entry, 8 percent for software development and 6 percent for web research. Beyond that, a large segment of works is non-technical, he said.
“Growth of Bangladesh as a back-office is excellent,” Cooper said.
In 2009, Bangladeshis freelancers did 2 percent of the total work of oDesk, which now rose to 12 percent, said Cooper.
“It’s tremendous growth. Every year the growth rate almost doubled.”
A lot of young and highly educated Bangladeshi freelancers are working for oDesk.
Describing the success story of a Bangladeshi freelancer, Cooper said an employee of a private company in Bangladesh had been facing hardship in bearing her family expenses. Then she contacted oDesk and is now earning five times higher than she earns from the current job.
There are hundreds of such stories, he said, adding that some of the freelancers in Bangladesh even earn $100 per hour.
“You can earn $10, $15 or $20 an hour through online jobs.”
There are about 50,000 regular freelancers with oDesk, while the number of its registered freelancers is about 1.9 million globally, he said.
There are 150,000 registered contractors from Bangladesh. Among them 8,000 are working actively.
Bangladeshi freelancers earn $15 to $20 per hour on an average for technical works, while $5 to $10 for administrative or non-technical works.
But some of the top freelancers in the US earn even $150 per hour, said Cooper.
Most of the Bangladeshi freelancers’ average age is between 25 and 35 years with university education, and most of them do the work of data entry, while the rest do the technical jobs.
oDesk wants to see more Bangladeshi freelancers in technical works such as software development.
Bangladesh is competing with India, Pakistan and some eastern European countries. “It definitely indicates the higher quality of the Bangladeshi freelancers,” he said.
There are two types of freelancers with oDesk: individuals and small groups. But most of the freelancers working with oDesk are individuals, Cooper said.
According to the website of oDesk, more than 250,000 businesses use oDesk including Wikipedia, Hewlett-Packard, NBC, Travelocity and Aol. It also works with some of the fortune 500 companies.
Low-cost and high-speed internet should be made available across the country to help more people enter online jobs, Cooper said.
He also stressed the need for a friendly regulatory environment for easy transfer of money and low-cost computers so more people are involved in this type of work.

Courtesy of The Daily Star

Related News

Bangladesh set to launch direct flights with Switzerland

Business Desk : dhakamirror.com Bangladesh is set to launch direct flights with Switzerland with at least 14 flights operating between the countries per week. The Government of Bangladesh and the Swiss Federal Council in Bern inked an agreement to this end on 4 June, marking significant progress in expanding the country’s air travel network, reads ... Read more

Emirates eliminates online payment limit for flights in BDT

Business Desk : dhakamirror.com Emirates has made online payment more convenient for customers purchasing tickets in Bangladesh. Now, customers can use locally issued debit and credit cards to complete payment transactions online for flight tickets and enjoy the convenience of unlimited transactions in BDT. Customers can enjoy the ease of paying for tickets on emirates.com, ... Read more

Aziz Khan next chair of Unicef Int’l Council

Business Desk : dhakamirror.com Unicef has announced Muhammed Aziz Khan as the incoming chair of the Unicef International Council, succeeding the inaugural chair, Maria Ahlstrom-Bondestam. He will assume the position in November this year, a press release issued by Unicef said yesterday. The Unicef International Council is a unique community of approximately 150 private philanthropists ... Read more

NJ Diamonds brings vibrant luxury jewelry to Bangladesh

Business Desk : dhakamirror.com NJ Diamonds, a new luxury jewelry brand, has officially launched in the capital at Banani road 11. The event was a glittering affair, attended by top influencers and industry elites, marking a significant milestone for the Bangladesh jewelry market. NJ Diamonds, founded by Noorjahan Abdullah & Labiba Abdullah, are set to ... Read more

NCC Bank celebrates 31 years of operations

Business Desk : dhakamirror.com NCC Bank celebrated its 31 years of operations at the bank’s head office in Dhaka on Friday. Md Abul Bashar, chairman of the bank, inaugurated the 31st anniversary programme, said a press release. NCC Bank started its journey on May 17, 1993. “During the 31 year-long-journey, the bank played a remarkable ... Read more

21 winners receive gifts from Nagad’s mega campaign

Business Desk : dhakamirror.com A total of 21 winners have received different gifts by taking part in the country’s biggest transactions campaign – initiated by Nagad, a popular mobile financial service provider. Recently, Nagad’s Senior Executive Vice-President and Chief Marketing Officer Sadat Adnan Ahmad and Executive Vice-President and Deputy Chief Marketing Officer Muhammad Solaiman handed ... Read more

Hatil Chairman Selim H Rahman honoured with CIP award

Business Desk : dhakamirror.com Selim H Rahman, the esteemed Chairman and Managing Director of HATIL, a leading name in the furniture industry, was conferred with the prestigious Commercially Important Person (CIP) award for his pioneering contributions to the export of the furniture sector. The ceremony held at the Radisson Blu Water Garden Hotel, Dhaka, on ... Read more

Emirates announces first destinations for A350 service

Business Desk : dhakamirror.com Emirates has announced the first set of destinations to be served by its A350 aircraft entering service in September 2024. The airline plans to deploy its latest aircraft type to 9 destinations in the coming months, offering customers its latest signature cabin experiences.10 new A350s are expected to join the Emirates ... Read more

Adidas nearly ready to open outlet in Dhaka

Business Desk : dhakamirror.com Adidas, the German athletic apparel and footwear giant, is set to open its first outlet in Bangladesh this month at Gulshan-1 in the capital. The three-stripes will partner up with leading local conglomerate DBL Group, which will facilitate its entry into the Bangladesh market. “We have planned a soft launch on ... Read more

Shwapno opens new outlet in Pabna

Business Desk : dhakamirror.com Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market. The inauguration took place at 5:30pm on 30 December, reads a press release. Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, ... Read more

Shwapno launches new outlet at Bashundhara

Business Desk : dhakamirror.com Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility. On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, ... Read more

With ‘Face ID’ and ‘Fingerprint’ login bKash app is now more secure, user-friendly

Business Desk : dhakamirror.com bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the ... Read more

Grameenphone wins ‘Bangladesh Sustainability Excellence Awards 2023’ in Financial Inclusion

Business Desk : dhakamirror.com It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition. Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence ... Read more

Banglalink wins the best sustainability award

Business Desk : dhakamirror.com Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh. The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System ... Read more

StanChart wins Mastercard Excellence Awards

Business Desk : dhakamirror.com Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”. The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”. Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, ... Read more

Nagad wins Mastercard Excellence Award 2023

Business Desk : dhakamirror.com Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release. On behalf of his company, Nagad’s Executive Director Maruful ... Read more

Prime Bank clinches Mastercard Excellence Awards 2023

Business Desk : dhakamirror.com Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category. Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor ... Read more

Zakia Rouf Chowdhury elected as vice chairman of Bank Asia

Business Desk : dhakamirror.com Zakia Rouf Chowdhury has been elected as Vice Chairman of Bank Asia Limited recently at the 508th meeting of the Board of Directors of the bank. She has an illustrious business career of more than 35 years in the private sector of Bangladesh. Since inception, she has been holding leadership positions ... Read more

Yamaha celebrates 7 years with ACI Motors

Business Desk : dhakamirror.com ACI Marts is the sole distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh. ACI Motors started its journey in 2007 as a subsidiary of renowned company ACI Limited. In 2016, Yamaha started a new journey in Bangladesh with ACI Motors. At present, more than 116 Yamaha 3S (Sales, Service ... Read more

Walton boosts TV exports to Denmark, Ireland

Business Desk : dhakamirror.com Bangladeshi global electronics brand Walton has boosted up its exports of television to Denmark, Ireland and other European countries as the demand of Walton television goes high in those countries in recent times, according to a press release. Walton Global Business Unit’s Vice-President Syed Al Imran said that Walton has been ... Read more