FE Report (February 28, 2011)
Bangladesh Bank (BB) launches the electronic fund transfer network today. Governor Dr Atiur Rahman will inaugurate the system at the BB headquarters. The system, tagged as Bangladesh Electronic Fund Transfer Network (BFTN), will initially allow people
make online money transactions, payment of utility bills through
internet, transfer of funds (account to account), payment for goods and services, and facilitate online credit card payments in local currency. People can later transfer fund from their accounts to the recipients in the country irrespective of their banks, said a BB official.
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