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
The number of users availing themselves of mobile banking facilities in the country has hit 52.54 lakh, said a Bangladesh Bank official on Monday.
‘In April, the number of subscribers has exceeded 50 lakh taking the total
number to 52.54 lakh (as of June 10),’ he told UNB.
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 managing directors and chief executive officers of all banks, asking them not to sign
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
BRAC Bank introduced a complete mobile financial service yesterday with assistance from its subsidiary company bKash Ltd. Now mobile phones will be used as bank accounts and they will also serve as wallet for transaction of money.
BRAC Bank said customers will be able to receive electronic money into their bKash accounts
The first-ever mobile banking service in the country was launched on Thursday as a part of modernising the banking sector.
Dutch-Bangla Bank Limited launched the service in collaboration with mobile phone operators Banglalink and CityCell in the capital