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Why Payoneer is essential in Bangladesh and how the Wirecard scandal puts that at risk

After spending a lazy weekend yesterday, I booted up my computer in the evening and found out the shocking news that Payoneer prepaid cards have been frozen worldwide. This meant hundreds of thousands of IT professionals and freelancers in Bangladesh suddenly lost access to their money. But in an even more significant blow, they are suddenly unable to pay for hosting, software license, and other online subscriptions that are crucial for personal and business needs.

The news worries me because I’m one of the people whose lives have been made better by Payoneer’s services. Not only do I stand to lose thousands, but my hands will be tied if Payoneer services were to be stopped.

By the looks of it, it does feel like we’re heading towards that direction.

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