Facebook to enable the advertisers to make payment in local currency in Bangladesh

Facebook appoints Httpool as authorized sales partner for market in Bangladesh which will enable the advertisers to make payment in local currency.

The appointment is seemed to partially fulfillment of VAT authority’s requirement as Httpool would now, on behalf of Facebook, give support and market expertise to businesses and agencies in Bangladesh along with transaction at local currency for thriving growth.

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“Bangladesh is one of the key countries for Facebook in South Asia and it is a priority for us to be closer to the people and businesses here,” Jordi Fornies, director of emerging markets for APAC at Facebook said in a media statement received here.  Now, local businesses and agencies will have the option to pay for their Facebook advertising bill in local currency through Httpool.

As authorized sales Partner, Httpool is trained and equipped to deliver high quality Facebook media consultancy free of charge to Bangladeshi businesses and agencies.

“We believe that with Httpool’s robust local and regional market insights and expertise, we can provide better support for local businesses and agencies in Bangladesh to help them emerge stronger from this challenging time and further unlock their potential growth,” added Jordi Fornies.

Httpool will be offering access to programs and training, such as Facebook Blueprint, to assist local businesses and agencies learn new and essential skills.

“Assisting Facebook in introducing the latest advertising solutions in a new country is an exciting journey,” said Httpool APAC co-founder and managing director Sunny Nagpal.

Httpool already incorporates a strong presence within the region, which represents the leading digital media platforms across Europe and Asia, supporting their growth and driving business results for traditional and native advertisers across 30 markets. Httpool also works with Facebook as authorized sales partner in 10 other markets worldwide.

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Earlier, National Board of Revenue (NBR) directed the internet giants like Facebook, Google, Youtube and other digital platforms to finish VAT registration to run business in Bangladesh.

NBR took the move with the aim of collecting untaxed money from the online-based advertising which is being siphoned off from the economy, and that is why it asked the companies either set up offices in Bangladesh or appoint agents to pay VAT for running advertisements and other businesses in Bangladesh.

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