e-Commerce

Online Banking in Bangladesh

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Banks in Bangladesh have begun their first ever online operations, allowing their clients cash deposit and withdrawal facilities, foreign exchange remittances and fund transfer services. Dutch-Bangla Bank Limited (DBBL) launched the service in collaboration with mobile phone operators Banglalink and CityCell, as reported by IANS. Initially the online service will provide cash deposit, cash withdrawal, utility payment, salary disbursement, foreign remittance, and fund transfer services. Bangladesh has a fast-growing telecom network with a dozen operators, including India's Airtel Bharti, reaching millions of subscribers. Primarily mobile banking will provide the clients with cash deposit, cash withdrawal, utility payment, salary disbursement, foreign remittance, and fund transfer services. Nine other banks have also been licensed by the Bangladesh Bank to introduce mobile banking. Though the services would be faster than other forms of banking services and would include the people even of the remote areas covered by the CityCell and Banglalink networks, it would also be a little more expensive for the users.

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