The Importance of Inclusion: Firoz Patel Helps Bring Payza to Bangladesh

Most of us have come to expect the first-world comforts of a computer, a laptop, a smartphone, a tablet or even a smartwatch. In fact, more than a few of us own several, if not all, of those items. They aren’t just our phones, they’ve become lifeline. We connect to the world around us through these new technologies. Yet, not every part of the world has access to such basic luxuries as an Internet connection. Bangladesh, for instance, struggles with reliable access to broadband that is stifling innovation.

The Internet age is at its infancy in places like Bangladesh, and ecommerce is only just beginning to take form. Firoz Patel and the platform Payza are taking a leading role in shaping the industry’s development in these economically disadvantaged parts of the world. Payza has been serving the working-class population of Bangladesh since its formation in 2012, and the company has brought revolutionary online remittance and payment processing services to more than 150 million residents who live there.

“We’re interested in many developing markets,” said Firoz Patel, “people living in these countries have difficulties to overcome that people in developed nations can’t even imagine. This breeds ingenuity. Coming from this type of environment helps you develop different ways of looking at and solving problems. At Payza, we want to give these people every possible opportunity to participate in the global economy.”

For more information on how Payza will impact e-commerce in Bangladesh, visit the Payza Blog: Bangladesh e-Commerce Scene Ready to Jump to the Next Level.

Management of Corporate Culture: Firoz Patel Brings Payza to the World Stage

Developing corporate culture isn’t something one can take for granted. Businesses that try to live up to the “ideal” set of values or benefits, or those that try to match the demands of a particular market, fail if they do not build those values from the ground up. 

Throughout the storied career of Firoz Patel, this single truth has held consistent. As Executive Vice President at Payza, Patel instilled an appreciation of the international community into the corporate culture  of Payza. Firoz envisions a world without borders. 

For Firoz, the practical manifestation of this ideal is the “digital economy” – the new method of doing business that brings commerce to a truly global level. For many of us, the digital marketplace is ingrained in our lives. In just a few short years, we’ve gone from being nervous about paying over the Internet to entrusting our financial information to multiple sellers. We often take this digital marketplace for granted, but remote and rural areas (especially from within emerging countries), e-commerce is still a fledgling market running on developing technology.

Regardless, the online market is having a global impact on trade and employment, even in regions that lack the connectivity of more developed countries. The digital economy levels the playing field, promotes global competition and creates opportunity for small business to match the demands of niche markets from around the world. In this new economy, workforces that used to be isolated now have a chance to compete in the global marketplace. 

A World Without Borders

This culture of inclusion is what Firoz Patel has fostered. At Payza, Firozz has built a culture that encourages economic inclusion without borders. For Firoz, the values and priorities of his company must be in line with the people it serves. Simply put, cross-border economic inclusion is at the top of pyramid of values built on understanding the many circumstances Payza’s customers may find themselves in. Today’s financial technology is affordable, mature and full of opportunity. That means everyone, regardless of location, has a shot at impacting the global economy. 

The digital economy has been developing for decades and few companies exist today without an e-commerce platform. People have access to the Web nearly everywhere they go, and that mobility, cloud computing, business intelligence and social media is fueling an industrial transformation with the potential to reshape the global marketplace.

Emerging companies in this space have to reduce their reliance on rigid policies and traditional business practices. The new global digital economy is moving toward a more organic, market-like state that closely emulates the Internet itself. 

Firoz Patel has built the corporate culture of Payza around transforming, rather than resisting reform as large banks have done. It’s possible, within the next few years, that the developing world will become an even greater player in the world stage. Businesses in these developing regions are adopting the same practices used by major players from around the world. This is great news for the consumer, who will find him or herself in the midst of all this change and ready to reap the rewards. 

It’s true that there are still differences around the world when it comes to currency, culture, communication and regulation, but businesses are discovering that the challenges are worth the effort. New markets are emerging in this global marketplace, and businesses are finding the means to service billions of potential new customers. In order for this new world to become reality, we’ll need modern and forward-thinking corporate cultures that embrace these emerging marketplaces and make them a priority within the industry. 

Resource 

Firoz Patel has developed a wealth of experience in the management of corporate culture throughout his career founding AlertPay Inc. and overseeing operations for the Payza platform. Sharing unparalleled expertise, Firoz has built his career around helping multiple businesses foster a culture beneficial to their long-term growth and goals. Visit www.firozpatel.com, where you will find more information about Firoz Patel and the management of corporate culture.

The Management of Corporate Culture: Firoz Patel’s Community-Building at Payza

Corporate culture is a challenging and perplexing problem that businesses leaders around the world grapple with. There are multiple philosophies involving how to create the right corporate culture, each presenting unique benefits and disadvantages, but what is certain is that culture must be rooted in the founding of the company or it is doomed to fail. 

Even when creating an international business that oerates almost entirely online, like Payza, it’s true that culture must be an ideal shaped at the foundation of the company. Payza is available in more than 190 countries, and anyone with an Internet connection can use it. That means local communities are a major part of that company identity. Payza thrives thanks to a strong and loyal community presence in cities from around the world including: Dhaka, Solna, London, and Montreal. 

Community Building

Payza’s Executive Vice President, Firoz Patel, utilizes the company’s influence to help the local population in Montreal. Firoz began by populating the office with a community of like-minded individuals, and then he built the company’s reputation for being charitable through involvement in local events.

The charities vary, but the company holds regular events like the Pie-a-thon. Thanks to their willingness to receive multiple pie throws to the face – at the risk of their pride, clothing and ear canals – Firoz Patel and the Payza team recently raised $1000 for the Native Women’s Shelter of Montreal. The team hopes this amount will do amazing things for the community organization, and it was miraculous that everything came together in such a short period of time. 

Such is the advantage to building culture from the foundation.  

The Management of Corporate Culture

While such events are not the norm, they do have a unique two-pronged effect. Employees directly contribute to the well-being of their local community, and that helps build a culture of trust and loyalty within the company itself. This loyalty is the secret sauce that makes management of the company possible. With culture, employees can develop and strengthen bonds over shared values and goals that they share. 

Large, global companies are not the exception. At least they don’t have to be. Local culture can be easily overlooked when a company operates at a global scale, but employees don’t need to lose that sense of common good. The reality is that they are providing a service to the entire planet, they just need to step outside the office and see that firsthand. That’s the key. Getting them on their feet, in their communities and providing a helping hand will show them in a very immediate way that their job matters. 

That feeling that this is all worth something, or that employees are building towards something important, is at the heart of Patel’s management style. Whatever visions you may have to become a player on the global stage, servicing your local community is the truest path to success. 

 Resource

Firoz Patel has a wealth of experience in creating strategic global relationships and market development. Sharing unparalleled expertise, he has helped multiple businesses with their product reach. Visit www.firozpatel.com, where you will find more information about Firoz Patel and why management of corporate culture is crucial to your company.