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Digital Payment And Services Platform Dmoney Launches Officially, Aims To Push The Boundaries Of Digital Payment

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September 30, 2019
Dmoney, the fintech startup that aims to "be the catalyst of cash to digital transformation" and make digital lifestyle simple for consumers in Bangladesh, has formally launched in Dhaka on 30th September 2019 in a lunch event held at Westin Dhaka. Founded by Sonia Bashir Kabir, former Managing Director of Microsoft Bangladesh, Myanmar, Nepal, Bhutan and Laos, and Aref R Bashir, a former Senior Software Engineer at Sun Microsystem and currently, Managing Director of the fintech startup, Dmoney aims to build a financial services company at the intersection of digital payment and services. The company describes itself as “a Digital Payments and Services Platform” and claims that it has Intellectual Property (IP) rights for Dmoney software. While most digital payment startups in Dhaka has been trying to address digital payment as a standalone service, Dmoney has introduced an app that looks more like an aggregator with digital payment as a fundamental hook that connects everything else. The thesis that Dmoney puts forward, digital payment and services platform, suggests that the company aims to push the boundaries in order to encourage digital payment adoption, which has seen a rather sluggish growth despite the push from bKash in the past months and players like iPay and others.

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Ruhul Kader is a technology business and technology policy analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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