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Users of Mobile Financial Services (MFS) are going to get the opportunity to transfer money from one MFS provider to another as Bangladesh Bank is going to launch the interoperability of all sorts of accounts from next Sunday.
Bangladesh recently launched an app, called Digital Business Identification (DBID), to regulate the nation's e-commerce firms and protect the interest of consumers and entrepreneurs....
Bangladesh recently launched an app, called Digital Business Identification (DBID), to regulate the nation's e-commerce firms and protect the interest of consumers and entrepreneurs....
The government is set to launch the Interoperable Digital Transaction Platform (IDTP) in January next year, allowing people to move funds effortlessly within the financial sector in real-time and at lower costs, said Zunaid Ahmed Palak, state minister for ICT.
People will be able to transfer funds from their mobile wallets to other accounts belonging to another carrier and banks by December in a development that would give the mobile financial service (MFS) industry a massive boost. Bangladesh Bank has already completed the necessary tasks to ensure interoperability of the service, which was rolled out in 2011. Interoperability