BB allows BASIS members to use co-branded credit cards

Bangladesh Bank (BB) has allowed digital marketing payments through co-branded credit cards for the BASIS member companies. Payments to Facebook, Google and other social media platforms are now being authorised by co-branded cards, according to a recent circular issued by the central bank in response to a request from the Bangladesh Association of Software and Information Services (BASIS). Earlier, the association put forward some proposals to the BB for allowing such payment method to expand their businesses, said a BASIS statement. The meetings were informed that there are about 1,000 agencies – big and small – involved in the growing digital marketing industry. Besides, there are numerous freelancers, production houses, content creators and many others involved in the sector. The industry employs an estimated 50,000 to 80,000 people, who are constantly creating numerous digital content and business services, and delivering various digital media services.

Source: https://today.thefinancialexpress.com.bd/trade-market/bb-allows-basis-members-to-use-co-branded-credit-cards-1579361421

Annual Managers’ Conference 2020 of Dhaka Bank

Branch managers, branch operations managers and head of different divisions and units from the head office posing at the Annual Managers’ Conference 2020 of Dhaka Bank Limited at a city hotel on Saturday while the bank’s Chairman Reshadur Rahman, Managing Director (Current Charge) Emranul Huq, directors and senior executives were present.

Source: https://today.thefinancialexpress.com.bd/trade-market/branch-managers-branch-operations-managers-and-head-of-different-divisions-and-units-from-the-head-office-posing-at-the-annual-managers-1579361608

Agent banking growing fast in Bangladesh

Agent banking is expanding rapidly across the country with the amount of deposits by the accountholders exceeded Tk 52 billion in the last financial year, according to a Bangladesh Bank (BB) data. About 82 per cent of total customers in agent banking service are rural people and among them, 60 per cent are female, they added. According to a Bangladesh Bank data, total deposits by agent banking accountholders stood at Tk 5,284.46 crore at the end of June of fiscal year 2018-2019 (FY ’19) from Tk 2,012.77 crore in the previous fiscal year.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/agent-banking-growing-fast-in-bangladesh-1579362479