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.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No. 18 Date: May 04, 2025
Head offices/principal offices of all
Authorized Dealers in Bangladesh
Dear Sirs,
Use of International Remittance Cards as alternative payment channel for permissible remittances Please refer to FE Circular No. 18 of May 31, 2021 in terms of which Authorized Dealers (ADs) are permitted to use international card channels as alternative to traditional banking channel to effect outward remittances on behalf of individual customers for specified payments. To exercise the options, the circular requires ADs to issue international cards in their own names to be used by designated officials for permissible payments.
02. It has been decided that ADs may use card platforms, instead of issuing cards in their
names, to effect the payments as outlined at FE Circular No. 18/2021. In this context, ADs shall have underlying arrangements with respective platforms through which payments by cards are executed. In addition, ADs shall ensure compliance of due diligence procedure regarding risk mitigation and transactional settlement. Please bring the contents of this circular to the notice of all concerned constituents. Yours faithfully, (Md. Harun-Ar-Rashid) Director (FEPD) Phone: 9530123

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This document amends: Use of International Remittance Cards as alternative payment channel for permissible remittances

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works