The government will form an independent board to run mobile financial service provider Nagad, Finance Adviser Salehuddin Ahmed said yesterday.
They demand swift arrest of the attackers
They vandalised his vehicle, injured the driver in Dhaka’s Banani
The central bank's payment system department filed the case with Motijheel Police Station
CEO post will be abolished, but none will lose job, says Badiuzzaman Dider on first day in office
People made Tk 4,100 crore MFS transactions in 2023's December
Three each from manufacturing, trading and services sectors
The BFIU says in a meeting with commercial bankers
City Bank launched its first-ever Shariah-based savings scheme City Islamic DPS Savings today.
The Bangladesh Bank has once again renewed the interim licence of Nagad as the Bangladesh Post Office (BPO) could not form a subsidiary to run the mobile financial service within the deadline.
Accepting of digital payment through the personal retail account could pave the way for the country’s cottage, micro, small and medium enterprises (CMSMEs) to avail loans from banking channels, experts said today.
Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays.
The Bangladesh Bank today gave go-ahead to Nagad Finance PLC to form a non-bank financial institution (NBFI).
Transactions through mobile financial services rose by 19.89 per cent year-on-year to Tk 94,293 crore in June.
Nagad has come up with 30 per cent cashback or discount for purchase through the mobile financial service under a special campaign called “Utshob-er Khushi, Nagad-a Beshi” for the Eid-ul-Azha.
The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.
Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme.
Customers can now do unlimited transactions through mobile financial services (MFSs).
