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
/ Saturday , November 2 2024
GitHub has launched an AI tool called 'Spark' that allows users to create apps using natural language, eliminating the need...
Read More
By infosecbulletin
/ Friday , November 1 2024
"A threat actor has reportedly claimed to gain root-level access to Titas Gas’s firewall server and is actively offering this...
Read More
By infosecbulletin
/ Friday , November 1 2024
Zimperium researchers have found a new version of FakeCall malware for Android that threatens financial security. This malware redirects users'...
Read More
By infosecbulletin
/ Friday , November 1 2024
Hikvision, a top provider of network cameras, has issued firmware updates to fix a security vulnerability that could reveal users'...
Read More
By infosecbulletin
/ Friday , November 1 2024
Global threat actors have significantly increased attacks on government sectors, with malware-driven attempts rising by triple digits in the first...
Read More
By infosecbulletin
/ Thursday , October 31 2024
Meetup of Bangladesh Kubernetes User Group was held at Banani Club 9294, Dhaka on Thursday, 31 October 2024. A lively...
Read More
By infosecbulletin
/ Thursday , October 31 2024
Bangladesh Bank issues alert on cyber threat. In its alert the central bank said, according to Bangladesh cyber security intelligence...
Read More
By infosecbulletin
/ Thursday , October 31 2024
Interbank, a major financial institution in Peru, has confirmed a data breach after a hacker leaked stolen data online. Formerly...
Read More
By infosecbulletin
/ Wednesday , October 30 2024
The US Cybersecurity and Infrastructure Security Agency (CISA) has released its first international strategic plan to enhance global cooperation in...
Read More
By infosecbulletin
/ Tuesday , October 29 2024
The Indian Cyber Crime Coordination Centre (I4C) has warned about illegal payment gateways set up by transnational cyber criminals using...
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.