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Keep payment services active in flood-hit areas: BB

Bangladesh Bank yesterday asked banks, mobile financial service (MFS) providers and payment service providers (PSPs) to take effective measures to ensure that payment services were available to people in flood-hit areas.

Branches of banks, ATM booths, agent banking outlets and MFS agent points in such areas were now suffering from inundation, which is why people were now unable to conduct financial transactions.

Against this backdrop, banks, MFS providers and PSPs will have to adopt alternative ways to ensure that their payment systems remain running in flood affected districts including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrakona, Kurigram and Rangpur.

The central bank issued a notice to this end.

A Bangladesh Bank official said the central bank had arranged a meeting with banks, MFS providers and PSPs yesterday asking them to open booths in shelters in the flood-hit zones.

(TDS)

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