Welx’s fraud trap around Bangladesh

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Bangladesh Bank license, mobile financial services (MFS) top organization Bikash and a technology company called Welox Pay using the name of one of the entrepreneurs of the information technology sector, Sonia Bashir Kabir, has started spreading false propaganda.

The company told various foreign media that Welox Pay has received a Payment Service Operator (PSO) license from the Central Bank of Bangladesh and signed an agreement with Bikash. Apart from this, the founder and managing director of Welox Per is the entrepreneur of the information technology sector, Sonia Bashir Kabir. However, Prothom Alo found out that none of them are correct. As a result, customers of Bangladesh Bank, MFS service may lose money if they transact in this service.

According to an advertisement in India’s Hindustan Times on November 16 last year, Wellox Pay has received a Payment Service Operator (PSO) license from the Central Bank of Bangladesh. However, it has been found that the company has not taken any license from Bangladesh Bank. Didn’t even submit any application. The central bank has so far granted PSO licenses to 10 institutions. Transactions can be made with money from any bank, MFS in PSO institutions.

Bangladesh Bank Executive Director and Spokesperson Mejbaul Haque told Prothom Alo that no PSO license has been given to any company named Welux Pay. The list of those who have been given license is available on the website of Bangladesh Bank.

Meanwhile, an advertisement in another foreign media said that Welox Pay has signed an agreement with Bikash, a mobile-based financial service provider in Bangladesh. The Founder and Managing Director of Welox Per is the IT entrepreneur Sonia Bashir Kabir.

However, Bikash has stated that they do not have any agreement with any organization named Wellox Pay. The organization is sending the wrong message. This organization has no connection with Sonia Bashir Kabir either. He could not be contacted. However, he told the media that he is not associated with that organization.

According to the Welox Pay website, their head office is in Indonesia. It serves India, Pakistan and Bangladesh. Apart from various currencies, crypto currencies are also traded through this service. However, cryptocurrency transactions are not officially permitted in the country.

According to the prothomalo

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