BB eases rules for payment
Bangladesh Bank has relaxed regulations for power import payments, allowing authorised dealer banks to make outward remittances for power purchases without seeking prior case-to-case approval from the central bank...
Tags : payments
Transactions thru cards surge by 172pc in 5yrs
Card-based transactions in Bangladesh have surged by 172 per cent over the past five years, driven by growing consumer confidence in digital payments, rapid expansion of e-commerce, and widespread adoption of point-of-sale (POS) and online payment systems...
HSBC, CPA launch digital port payments
Hongkong and Shanghai Banking Corporation Limited in Bangladesh in partnership with the Chittagong Port Authority recently introduced a fully automated, real-time port payment system aimed at enhancing operational efficiency, security and convenience for the country鈥檚 maritime stakeholders...
BB to settle $1.5b ACU payments for July-Aug
Bangladesh Bank will make a payment of $1.5 billion to the Asian Clearing Union on September 7 to settle import bills for July and August...
Bangladesh sees rapid rise in digital payments
Cashless payments in Bangladesh have experienced remarkable growth in recent years, fuelled by the rapid adoption of credit cards, debit cards, prepaid cards, and app- and QR code-based payment systems...
BB eases remitting to foreign investors
The Bangladesh Bank has widened the scope for local subsidiaries of foreign companies to remit service payments abroad, even if their foreign shareholding is below 50 per cent...
Bangladesh Bank clears $1.88b ACU payments
Bangladesh鈥檚 gross foreign exchange reserve, calculated as per the International Monetary Fund鈥檚 guidelines, has dropped to $20.29 billion, following a $1.88-billion payment to the Asian Clearing Union for import bills covering March and April...
Chevron receives due payments from Petrobangla
Chevron Bangladesh has recently received its outstanding payments from the state-owned Petrobangla...
BB allows payment against discrepant import bills
The Bangladesh Bank on Sunday allowed banks to make payments against discrepant import bills if the importer accepts the discrepancies on reasonable grounds...
Bangladesh sees surge in digital payments: Visa report
Visa has reported a significant shift toward digital payments in Bangladesh, with a 14 per cent increase in overall spending and a 17 per cent rise in transactions in 2024 compared to the previous year...
Financial account deficit hit $581m in July-Nov
The financial account deficit surged to $581 million in the first five months (July鈥揘ovember) of FY2024鈥�25, an increase from a $206 million deficit recorded in the July鈥揙ctober period, primarily due to higher loan repayments coupled with poor loan inflows...
IMPORT PAYMENTS: BTMA wants extended credit period
The Bangladesh Textile Mills Association has demanded the government to extend the usance period for payments on import of industrial raw materials...
External interest payment surges by 60pc on megaproject loans
The government鈥檚 overall interest payments grew by 21 per cent in the 2023-24 financial year largely because of a 60-per cent rise in the external interest payment against foreign loans, mostly taken for financing megaprojects by...
$3.3b in foreign debts cleared in 5 months
The Bangladesh Bank has repaid $3.3 billion or nearly 90 per cent of the foreign overdue payments after the political change on August 5, 2024...
All int鈥檒 trade payments to be cleared in a month: Mansur
All overdue payments relating to Letters of Credit will be cleared within one month, said Bangladesh Bank governor Ahsan H Mansur...
NBR sets fees for online income tax payments
The National Board of Revenue on Wednesday issued guidelines on determining fees on online income tax payments in Bangladesh...
bKash offers cashback, discounts on dengue test payments
Customers can get up to Tk 100 cashback or discount on bKash payment for dengue tests at selected hospitals and diagnostic centres, according to a press release...
Switzerland moves towards cashless future with instant payments
Switzerland鈥檚 new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live...
All electronic payments to come under BB supervision
Jatiya Sangsad on Tuesday passed the Payment and Settlement System Bill 2024 to bring all electronic payment by banks and non-bank service providers under the supervision of the Bangladesh Bank...
bKash offers Tk 1,000 off on payments for Hisense AC, TV
Customers can get an additional Tk 1,000 discount on bKash payments on top of regular discounted price while purchasing Hisense AC or TV from the Smart Plaza of Fair Electronics, said a press release...
