Unique ID program for online traders launching this Sunday

To bring the e-commerce sector of the country under further regulation, the government is launching Unique Business Identification (UBID) numbers for e-commerce platforms. Traders who operate in the f-commerce industry, meaning any individual or business, small or large, that trades goods and items on Facebook, must also register to get their own UBIDs. 

An app, called UBID Apps, has been created to facilitate the registration process. Commerce Minister Tipu Munshi will inaugurate the app at the Secretariat on Sunday. 

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Apart from this, the Central Logistics Management System (CCMS) is also being set up to resolve any grievances against any registered organisation. Preliminary work is also underway to create a digital financial transaction platform called 'Binimoy'. Money can be sent to any bank from any existing mobile financial service providers (MFS) through the 'Binimoy' app.

These two services will also be officially launched in a few weeks. A Central Logistics Tracking Platform (CLTP) will also be launched soon after CCMS and 'Binimoy'.