Chennai-based FSS partners with Bangladesh bank for digital commerce growth

Chennai-based FSS (Financial Software and Systems), a leading provider of integrated payment products and a payments processor, on Wednesday announced its collaboration with BRAC Bank, a leading bank in Bangladesh, to catalyse the growth of digital commerce in the country.

This partnership will enable FSS to provide its omni-channel acquiring platform to BRAC Bank to onboard merchants and enable digital payment acceptance across multiple touchpoints--in-store, mobile and online. According to the eCommerce Association of Bangladesh (e-Cab), digital payments over the last three years have recorded 100 per cent year-on-year growth. The e-commerce industry is expected to grow to $3 billion by 2023,