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
/ Tuesday , October 22 2024
In today's rapidly changing cybersecurity environment, organizations encounter numerous complex threats targeting endpoints and networks. CrowdStrike and Fortinet have partnered...
Read More
By infosecbulletin
/ Tuesday , October 22 2024
Sophos, based in the UK, is to acquire Secureworks, a Nasdaq-listed company, for $859 million in cash from Dell Technologies....
Read More
By infosecbulletin
/ Monday , October 21 2024
The Internet Archive was breached again, this time through their Zendesk email support platform, following warnings that threat actors had...
Read More
By infosecbulletin
/ Sunday , October 20 2024
In today's changing cybersecurity environment, it's essential to find vulnerabilities in code. Vulnhuntr, an open-source tool on GitHub, uses Large...
Read More
By infosecbulletin
/ Friday , October 18 2024
Bitdefender said a vulnerability has been identified in Bitdefender Total Security HTTPS scanning functionality where the software fails to properly...
Read More
By infosecbulletin
/ Thursday , October 17 2024
Cybersecurity threats have surged to extraordinary heights, as Microsoft’s latest Digital Defense Report reveals that its customers are confronted with...
Read More
By infosecbulletin
/ Thursday , October 17 2024
VMware has issued a warning about a remote code execution vulnerability, CVE-2024-38814, with a CVSS score of 8.8, in its...
Read More
By infosecbulletin
/ Thursday , October 17 2024
Mandiant researchers found that over 90 zero-day vulnerabilities and more than 40 known vulnerabilities were exploited in the wild. Vulnerabilities...
Read More
By infosecbulletin
/ Wednesday , October 16 2024
Oracle's October 2024 Critical Patch Update has fixed 334 security vulnerabilities in its products. The CPU affects 28 Oracle product...
Read More
By infosecbulletin
/ Wednesday , October 16 2024
Google has released Chrome 130, fixing 17 security vulnerabilities. The update (version 130.0.6723.58/.59 for Windows and Mac, and 130.0.6723.58 for...
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.