Articles with tag: bangladesh

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Bangladesh Bank postpones MFS interoperable transaction

News | Online & Mobile Banking | 29 Oct 2020

Bangladesh Bank has decided to postpone the launching of interoperable transaction among mobile financial service (MFS) providers and banks, citing unresolved technical issues.


Bangladesh Bank, MFS, mobile financial service, mobile banking, Bangladesh

ShopUp raises USD 22.5 mln to digitize mom-and-pop shops in Bangladesh

News | Ecommerce | 20 Oct 2020

Bangladesh-based company ShopUp has raised USD 22.5 million in a Series A financing round co-led by Sequoia Capital India and Flourish Ventures.

Bangladesh, ShopUp, Series A, financing round, Sequoia Capital India, Flourish Ventures, commerce, digital payments

City Bank launches bank account opening app in Bangladesh

News | Online & Mobile Banking | 19 Oct 2020

City Bank has launched the City Ekhoni App in Bangladesh, allowing customers to open a bank account on their mobile phone.

City Bank, Bangladesh, bank account, mobile banking

Visa rolls out roadmap regarding the future of payment security in Bangladesh

News | Digital Identity, Security & Online Fraud | 17 Sep 2020

Visa has launched its future of security roadmap for Bangladesh, with a detailed plan to further strengthen payment security over the coming three years.

Visa, security roadmap, Bangladesh, payment security, EMV 3DS, credentials, sensitive payment data, stolen account details, fraud, merchants, securing payments, tokenization, mobile transactions, ATM EMV, real-time fraud monitoring

Commercial Bank Dubai teams up with Thunes

News | Payments General | 26 Jun 2020

Commercial Bank of Dubai (CBD) has partnered Thunes, a cross-border payment provider, to facilitate transaction flows between the UAE and the rest of the world.

Commercial Bank, Dubai, Thunes, partnership, remittances, cross-border, payments, transactions, UAE, India, Philippines, Pakistan, Bangladesh, banks, mobile wallet, CBD, CBF Mobile App, online banking, banking

ITFC releases USD 15 mln to support SMEs in Bangladesh

News | E-invoicing, SCF & E-procurement | 12 Jun 2020

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

Paysafe rolls out Skrill Money Transfer feature in US

News | Mobile Payments | 09 Jun 2020

UK-based payment service provider Paysafe has announced the launch of the Skrill Money Transfer service in the US.

Paysafe UK, US, Skrill Money Transfer, Mexico, India, Asia, Europe, Pakistan, Bangladesh, Italy, Spain, France, personal bank account, debit card, credit card, digital wallet,

ADB to support Bangladesh in tackling coronavirus outbreak challenges

News | E-invoicing, SCF & E-procurement | 23 Mar 2020

The Asian Development Bank (ADB) has announced that it will support Bangladesh in tackling novel coronavirus (COVID-19) outbreak challenges.

The Asian Development Bank, ADB, Bangladesh, COVID-19, coronavirus, financial aid, B2B payments, supply chain financing, banking, Governmental financial aid, Asia, APAC

Bangladesh introduces e-KYC guidelines to financial institutions

News | Digital Identity, Security & Online Fraud | 10 Jan 2020

The Bangladesh Financial Intelligence Unit (BFIU) has introduced e-KYC guidelines to provide individuals with a better experience when interacting with financial institutions.

Bangladesh, e-KYC, financial institutions, BFIU, money laundering, banks, non-banks, capital market, onboarding, authentication, identification, banking

Southeast Financial Services launches SmartRemit app

News | Payments General | 26 Feb 2019

UK-based Southeast Financial Services (SFSL), a subsidiary of Bangladesh’s SouthEast Bank, has launched its SmartRemit app for Bangladeshi expatriates.

Southeast Financial Services, SFSL, launch, SmartRemit, app, Bangladesh, SouthEast Bank

Bangladesh banks demand higher interest rates for FX trade finance

News | E-invoicing, SCF & E-procurement | 14 Feb 2019

The Association of Bankers Bangladesh has requested Bangladesh Bank for upward revision of interest rate of foreign currency loans for trade finance.

Bangladesh Bank, The Association of Bankers Bangladesh, trade finance, Bangladesh, trade finance, foreign currency trade finance, foreign currency loans

New developments in Bangladeshs central bank cyber heist

News | Digital Identity, Security & Online Fraud | 11 Jan 2019

A Philippine court held a former bank manager guilty on eight counts of money laundering, the first conviction in one of the world`s largest cyber heists.

Bank of Bangladesh, cyber heist, money laundering, cybersecurity, payments fraud, stolen funds, Asia, illegal bank transactions

MTB, Compass Plus introduce UnionPay to Bangladesh

News | Cards | 19 Dec 2018

Compass Plus has announced that Mutual Trust Bank (MTB) has become the first bank in Bangladesh to issue UnionPay International cards.

MTB, Compass Plus, UnionPay, Bangladesh, bank, card issuer, debit card, credit card, digital wallet

Brac Bank and Bkash partner with WorldRemit

News | Payments General | 29 Nov 2018

Brac Bank and Bkash have teamed with WorldRemit for bank and mobile money transfers to Bangladesh.

Brac Bank, BkashWorldRemit, money transfer, Bangladesh, wallet