IT Consultant Limited widely known as ITCL runs its legacy since its inception from 2000 as the largest private third party payment processing firm in Bangladesh. Now as days have gone by the consortium of Banks under the famous brand of ITCL, Q-Cash has gone bigger.
Q-Cash was launched by ITCL with only 05 banks (now 35+banks) of which a respective bank is one of the sponsor bank and another playing the role of a settlement bank. In this manner, after 14 year of operations, Q-Cash has now become a name where banks feel proud to join which just not only adds value but also minimizes the cost of setting up a switching system. Moreover, it facilitates all the financial institutions to connect with each other through this common channel. In a nutshell, Q-Cash was and is the only common platform in Bangladesh that as an aggregator linked all the major banks and introduced payment gateway concept in Bangladesh.
From then till now, ITCL (Q-Cash) has enjoyed ‘first mover advantage’ and also the very nature of the business and the investment in terms of operational cost has been the prime advantage as well as the concerning factor of running such unique proposition.
IT Consultants Limited(QCash) at a Glance:
- Established in the year 2000, the first third party private payment processing firm in Bangladesh
- More than 35++ member banks in Q-Cash payment processing Consortium
- 2000++ ATMs in Q-Cash network
- Provider of more than 12000 POS all over Bangladesh
- ITCL is the owner of the largest payment gateway of Bangladesh-----Q-Cash
- ITCL been awarded PCIDSS (Payment Card Industry Data Security Standards) certification; also the first & only individual organization in Bangladesh to receive this mandated (compulsory) certification.
- Licensed PSO (Payment Service Operator) in Bangladesh awarded by Bangladesh bank
- More than 230+ employees are currently working at ITCL of which 80% are engineers and technicians
- ITCL is also patron and technical partner of National Payments Switch Bangladesh (NPSB) with Bangladesh Bank
- Some of unique and first of a kind projects in Bangladesh like Bangladesh Post Office (BPO) automation, Online Tax Payment with NBR & Sonali Bank etc have been handled as individual project and now been run by ITCL.
- Providing support to all the Government Banks for Electronic Payment Processing.
- ITCL is has implemented and running EGPP (Employment Generation Project for the Poorest) and CCD (Conditional Cash Transfer) project under BPO and World Banks joint initiative.
- ITCL has also provided full initiation, development, deployment and maintenance of DMP (Dhaka Metropolitan Police) E-Traffic Prosecution system.
- Exclusive partner and representative of world renowned Switching Solution organization Compass Plus, Russia & ATM manufacturer Wincor Nixdorf, Germany.
- Exclusive sales and service partner of two of the largest and major POS manufacturer, Verifone, U.S.A & SAND, China.
- Bangladesh’s only certified payment processor for VISA, Master Card and AMEX.