Tuesday, December 5, 2023

Mobile banking to get a further boost

Mobile banking will get a further boost as the central bank proposes to channel all financial payments through mobile phones under stronger tie-ups between banks, cell phone operators and other service providers. The draft Regulatory Guidelines for Mobile Financial Services in Bangladesh, published on Monday, will turn every mobile phone into a digital wallet and

Mobile Financial Service

BB asks banks to follow bank-led model Bangladesh Bank has asked scheduled banks to follow the bank-led model of mobile financial service to avoid confusion over who is the principal provider of the service, said BB officials. A central bank official told New Age on Thursday that the BB on Monday issued letters to the ... Read more

e-banking rides high on IT

The financial sector made remarkable progress in adopting electronic forms of payments instead of traditional paper-based ones in the just concluded year. The use of debit card, credit card, automated teller machine (ATM), internet banking, mobile banking, automated cheque processing and credit information system increased significantly