OSV Bangladesh Limited is a leading softeware and ICT company in Bangladesh. OSV provides mobile banking and payment solutions to multiple commercial banks that is widely popular as “SureCash”. It also offers some ERP platforms like Education Payment, e-Purjee for Sugar Corporation, Primary Education Stipend, E-KYC, and many more.

SureCash is a leading FinTech brand in Bangladesh. We are serving more than 20 million customers, and 1,500 payment partners in partnership with four local banks in Bangladesh, including one of the largest state-owned banks, Rupali Bank Limited. We offer comprehensive mobile banking and payment services such as person-to-person (P2P) money transfers, government payments, education payments (also known as ‘Edu pay’), utility bills, and several other goods and services payments outspread across the country. Customers can cash in/out at more than 180,000 retail agents nationwide.

Digital Payment System Experience

OSV along with its sister concern PSL (the ‘Company) have long experience in various payment and service solutions in Bangladesh, mostly through SureCash platform. A highlight of the projects are given below.

• Primary Education Stipend Project

Primary education stipend project (PESP) is the largest payment digitization project in the country where the government is disbursing a stipend to 10 million mothers benefitting 13 million primary students in 80,000 villages of our country.  PESP was inaugurated by the Honorable Prime Minister of Bangladesh Sheikh Hasina on March 01, 2017. To implement the project we opened ‘SureCash’ mobile wallets for 10 million mothers that touch 25% of the households of the country.

In the Primary Stipend Disbursement Project of MoPME, more than 20 million wallets were opened and among them account holders were mostly female-young active mothers. Therefore, we expect very high overlap with the MFI clients base during McWallet opening. This project has been recognized as one of the most successful digitization projects in the country. This has increased efficiency of the stipend disbursement, and saved about 150 cr taka every year in direct cost savings and another 150 cr taka in primary book distribution projects using stipend data.

Figure: Primary education stipend project agreement renewal in 2020

• MFI Pilot Operation

The company has experience in running pilot operations of digital payments for microcredit with Grameen Bank, Grameen Trust, Grameen Kalyan and IDF.

Figure: Agreement signing ceremony for Grameen Bank MFS Pilot

For the effective implementation of projects, we conducted necessary training for the participants. The following figure shows an MFS operation training for the IDF.

Figure: MFS operation training session at IDF

Digitization of BSFIC

The company digitized the payment of the sugarcane growers of BSFIC (Bangladesh Sugar and Food Industries Corporation) by providing automated payment software and disbursing money to the farmers of the 15 sugar mills using the automated software. To add more, SureCash is already working with the a2i of the Prime Minister’s office.

Figure: Agreement signing with Bangladesh Sugar and Food Corporation

Why Partner with OSV

• Ready Platform: A ready digital payment with quickest time to implementation for operation
• Popular Brand: Familiar brand and marketing with largest share in B2P market
• Large Channel: Enjoy the business momentum developed by PSL with largest distribution and agent network
• Exclusive Partners: Existing relations and connectivity with mobile operators and public utilities for bill payment
• Strong Team: Proven team and leadership with strong track record of operations
• Foreign Investment: Large foreign direct investment (FDI) from Japan and Hongkong
• Own Software: Scalable, robust and flexible software platform including mobile payments (made by Bangladesh, made for Bangladesh)
• App/USSD: Works with both type mobile phone normal and smartphone (supports Bangla and English language)

Founder and Chairman – Dr. Shahadat Khan

Dr. Shahadat Khan is an accomplished business leader and innovator with deep expertise in strategy, operations and technology. Dr. Khan is a graduate of the Bangladesh University of Engineering and Technology (BUET). He is a Canadian Commonwealth Scholar and received his Ph.D. degree in computer engineering from the University of Victoria, Canada. He is a frequent speaker at industry conferences and panels, holds 16 patents, and has published many articles in journals and technical magazines. He has traveled to more than 40 countries, and is a hobbyist wildlife photographer.

Awards and Certifications

In 2015, SureCash successfully achieved the “Award of Excellence” from the highest financial authority of Bangladesh “Bangladesh Bank” for their excellent product and features along with extensive customer service. In 2016 SureCash was recognized in ‘Top 10 Mobile Banking Solutions 2016’ by the world renowned “Banking CIO Outlook” financial magazine.

Figure: “Award of Excellence” from Bangladesh Bank

Office and Working Environment

OSV provides a world class multicultural working environment for the professionals.

Figure: office and activities