Daraz wins Mastercard Excellence Award

Online marketplace Daraz Bangladesh has won the Mastercard Excellence Award in the Excellence in Mastercard Business (Merchant) – Online 2020-21 category.

To celebrate the 30 years of its operations in Bangladesh and 50 years of the country’s independence, Mastercard organised the award programme at a private hotel in Dhaka on November 18, said a press release.

Planning Minister MA Mannan attended the event as chief guest while Bangladesh Bank Executive Director Md Khurshid Alam joined it as special guest and Charge d’affairs at US Embassy in Dhaka Helen LaFave as guest of honour.

Other senior officials from partner banks, fintech partners, dignitaries, and merchants also attended the function.

Daraz Bangladesh Chief Operating Officer Khondoker Tasfin Alam received the award from the minister on behalf of the organisation.

“Mastercard is one of the most prominent payment partners across the world, and their contribution in the financial operations of Daraz has also been quite substantial.

“We are glad to receive the honour and look forward to bringing further excellence to our business operations as we proceed ahead with dependable partners like Mastercard,” said Monjuri Mallik, head of Product Management and Payments at Daraz Bangladesh.

Daraz is a leading online marketplace in South Asia, empowering tens of thousands of sellers to connect with millions of customers.

Daraz provides immediate and easy access to 19 million products in more than 100+ categories and delivers more than 2 million packages every month to all corners of its countries.

Daraz is a mall, a marketplace and a community for its customers. It is also a university for entrepreneurs, and every month it educates more than 5,000 new sellers on e-commerce operations.

To overcome the logistics challenge in its markets, Daraz has built its own logistics company specifically designed for e-commerce operations - Daraz Express (known as DEX) - to raise the standards for the industry. Daraz is also helping existing and new logistics providers digitize. In 2018, Daraz was acquired by Alibaba Group, and is proud to carry its part of the mission to ‘make it easy to do business anywhere in the era of the digital economy’. As part of the Alibaba ecosystem, Daraz is leveraging Alibaba’s global leadership and experience in technology, online commerce, mobile payments and logistics to drive growth in its markets.