DHAKA: Bangladesh Bank (BB) has planned introducing transfer of remittances through mobile financial services to fetch more green bucks by offering overseas Bangladeshis a handy and an absolute hassle-free official channel for sending home their hard-earned money.
“BB is working on virtual transfer of remittances through banking channel using mobile financial services under strict AML/CFT (Anti-Money Laundering/Combating Financing of Terrorism) surveillance”, Governor, Dr Atiur Rahman said.
The governor was speaking on ‘Leveraging Migration and Remittances for Post-2015 Development Financing: Bangladesh Context’ at a sideline event of the IMF-World Bank Spring Meetings 2015 in Washington, DC on Saturday, said a BB press release, issued on Sunday, reports BSS.
Dr Rahman said electronic fund transfers and mobile phone/smart card based delivery enabled by massive BB led modernisation of the payments system and financial sector IT infrastructure had already driven down remittance costs and delivery times drastically.
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