NOTICE FROM BANGLADESH BANK FOR ALL MOBILE PHONE FINANCIAL SERVICES (MFS)
From now on, the customer’s money in Bkash, Nagad and Rocket will not be handed over. This means that mobile phone financial services (MFS) companies will not be able to use the money deposited as customers. This was stated in the policy titled ‘Trust Fund Management’ of Bangladesh Bank on Thursday (May 8, 2021). According to the policy, the institutions have to deposit the entire amount of the customer’s deposit in the bank as a ‘Trust Fund’. The amount deposited in this fund cannot be less than the amount deposited as MFS of the customer.
And the amount of e-money that MFS companies issue against the customer’s deposit cannot …Read More »