Bangladesh Bank has introduced two new departments — payment systems department and financial integrity and customer services department — to promote digital banking and to enhance the clients’ interest protection, said central bank officials.
The central bank issued two circulars on the launching of the departments on Thursday.
A BB official told New Age on Sunday that the payment system division was earlier a part of the department of currency management and payment systems.
The BB has constituted the PSD so that the implementation activities of the national payment switch and the e-payment gateway would gear up.
Besides, the activities of Bangladesh automated clearing house, Bangladesh electronic fund transfer network and mobile financial service will be operated smoothly in the coming days under the new department, he said.
Another BB official said that the FICSD had been constituted due mainly to enhance protection of the interest of customers and to decrease the anomalies in the banking sector.
He said the FICSD was earlier a part of the foreign exchange inspection and vigilance department.
-With New Age input
