Photo: Collected Bangladesh Bank (BB) has instructed all mobile financial service (MFS) providers to inform their customers about type and charges of the products in details to ensure transparency of their services. “MFS companies should prepare ‘frequently asked questions’ and schedule of charges of their services, to be featured on both
Country's central bank yesterday asked the commercials banks to ensure smooth and uninterrupted transactions through the Automated Teller Machine (ATM), Point of Sale (POS), e-Payment Gateway or internet banking and Mobile Financial Services (MFS) during the vacation of Eid-ul-Adha. Bangladesh Bank (BB) in a circular instructed the banks to ensure adequate security at
Ali Kamran Al Zahid Blockchain’ is a computer application based on Distributed Ledger Technology (DLT) and got the attention for being behind the cryptocurrency ‘Bitcoin’. DLT is a recent innovation and possess characteristics to be able to emerge as a better alternative to the existing centralized record keeping technique. Distributed
Fintech: When you joined Banglalink you said that it was going through a digital transformation. So at what stage you are in that transformation and what have you achieved so far? We realized that things were changing fast. First of all, I think the customers are digitizing themselves changing their behaviours.
Digital financial inclusion for the poor is now happening nowadays but still, the consumer is facing problem on payment. While traditional microfinance and banks remain important, the potential of using new technology-based platforms to serve the poor is huge. In particular, mobile network coverage and the use of a variety
Chosen to serve the organization at a critical juncture Tamal Parvez became the chairman of NRB Commercial Bank last year. At the bank’s corporate head office in Motijheel, where Mr Parvez met with Fintech for this interview, he seemed more intricately involved in the day-to-day activities of the bank than
Abdus Sattar, a sugarcane farmer of a remote village in Gaibandha—a sleepy northern district of Bangladesh—always get daunted by the spic and span ambience of a bank branch. In places like Govindaganj, the nearest upazila from Sattar’s village that has branches of few of Bangladesh’s commercial banks, the buildings housing the
Mobile Financial Services (MFS) popularly known as ‘Mobile Banking Bangladesh is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a mobile phone. It includes disbursement of inward remittances, financial transactions through agent/ bank