BB to banks

Ensure digital banking during holiday


FE REPORT | Published: July 08, 2022 00:59:24


Ensure digital banking during holiday


The central bank asks commercial banks to ensure uninterrupted digital transactions across Bangladesh during the Eid-ul-Azha vacation, when buying binge takes place for the holy fiesta.
To this effect, the Bangladesh Bank issued Thursday a circular, signed by its director of the payment system department.
It says the direction is meant for ensuring "smooth financial transactions" through automated teller machine (ATM), point-of-sale (POS), internet banking, online e-payment gateway, and mobile financial service (MFS).
The circular asks the banks to ensure round-the-clock digital services. The BB also asks them to resolve "any technical glitch immediately along with maintaining round-the-clock security services at the booths".
They are advised to keep adequate money for ATMs, MFS services, and other payment gateways.

jasimharoon@yahoo.com

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