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BB asks MFS cos to inform clients about product charges

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

BB asks banks to ensure smooth digital services during Eid holidays

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

Blockchain: Puzzle Solved

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

Interoperability for Financial Inclusion in Digital Bangladesh

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


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

An Exploration Of The Booming Mobile Banking Market In Bangladesh

          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