Regulatory Alerts2025-05-04
Added
Use of International Remittance Cards as Alternative Payment Channel for Permissible Remittances
Authorized Dealers in Bangladesh may now use card platforms instead of issuing international cards in their own names to effect outward remittances for individual customers. This authorization requires Authorized Dealers to maintain underlying arrangements with respective platforms to execute payments. Additionally, Authorized Dealers must ensure compliance with due diligence procedures regarding risk mitigation and transactional settlement.
Topics
payments
fx
Share