Bangladesh Bank took the initiative to launch ‘National Debit Card’ in July this year. Basically, this initiative has been taken to reduce dependence on foreign card companies and save dollars. Bangladesh Bank Executive Director and Spokesperson Mejbaul Haque said that this card will be officially launched in November.
ALSO READ:
By infosecbulletin
/ Sunday , December 22 2024
A major security flaw in Craft CMS, a popular PHP content management system, has been found, enabling unauthenticated remote code...
Read More
By infosecbulletin
/ Sunday , December 22 2024
Mastercard has completed its acquisition of Recorded Future, an AI-based threat intelligence provider. Mastercard has acquired the company for $2.65...
Read More
By infosecbulletin
/ Saturday , December 21 2024
CISA has released eight advisories on vulnerabilities in Industrial Control Systems (ICS). These vulnerabilities affect essential software and hardware in...
Read More
By infosecbulletin
/ Friday , December 20 2024
Bank Rakyat Indonesia (BRI), the largest state bank by assets, has assured customers that their data and funds are secure...
Read More
By infosecbulletin
/ Friday , December 20 2024
Cybersecurity researcher Jeremiah Fowler reported to Website Planet that he found a non-password-protected 1.2 TB dataset containing over 3 million...
Read More
By infosecbulletin
/ Friday , December 20 2024
Sophos has fixed three separate security vulnerabilities in Sophos Firewall. The vulnerabilities CVE-2024-12727, CVE-2024-12728, and CVE-2024-12729 present major risks, such...
Read More
By infosecbulletin
/ Thursday , December 19 2024
A time-demanding workshop on "Cybersecurity Awareness and Needs Analysis" was held on Thursday (December 19) at Bangladesh Bank Training Academy...
Read More
By infosecbulletin
/ Thursday , December 19 2024
Kaspersky's Global Emergency Response Team (GERT) found that attackers are exploiting a patched SQL injection vulnerability (CVE-2023-48788) in Fortinet FortiClient...
Read More
By infosecbulletin
/ Wednesday , December 18 2024
The US government is considering banning a well-known brand of Chinese-made home internet routers TP-Link due to concerns that they...
Read More
By infosecbulletin
/ Wednesday , December 18 2024
Every day a lot of cyberattack happen around the world including ransomware, Malware attack, data breaches, website defacement and so...
Read More
Registration open for FlagHunt 2023 – National Cybersecurity Competition
Majbaul Haque said that the National Debit Card may be officially launched in November. The services provided for the Bangladesh Bank card will be affordable. Due to this, if used at the national level, the customer’s cost will be reduced. For now it will be launched for domestic use, later the Taka-Rupee card will be launched.
It is known that the piloting of the National Debit Card will be carried out initially with 8 banks. Transactions can be done with this card within the country. If traveling from the country to India, the traveler can purchase the amount equal to the travel quota of 12 thousand dollars in Rs.
You don’t have to go through the hassle of currency exchange. About 6 percent wastage will be reduced in card transactions. It will also save dollars.
Earlier, Governor of Bangladesh Bank Abdur Rauf Talukder informed about the initiative of Bangladesh Bank to formulate National Debit Card. He said at that time that the country has Visa, Master or debit or credit cards of external companies. The country did not have its own card. User was restricted. I think the use of this card will increase instead of money.
As of last month, the number of debit, credit and prepaid cards in the country stood at 3 crore 26 lakh, 22 lakh 68 thousand and 44 lakh 9 thousand respectively. Debit card transactions were Tk 34,456 crores, credit cards were Tk 2,673 crores and prepaid cards were Tk 299 crores.