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BB allows ADs to provide acquiring services to eligible exporters

FE Report | June 13, 2018 00:00:00


Authorised dealers (ADs) will now be able to provide acquiring services to eligible exporters for repatriation of export proceeds against sales orders of exportable goods received on e-Commerce website.

The Bangladesh Bank (BB) said this in a circular, issued on Monday.

The circular said this facility shall only be available for small value export of value in Cost and Freight (CFR) term not exceeding USD 5,000 per transaction.

Authorised dealers will need to have the merchant agreement with the exporters having necessary arrangement for safe internet transactions, it mentioned.


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