BB barred cash transaction on Courier

Bangladesh Bank has barred cash transactions between courier service providers and e-commerce on cash-on-delivery.

The central bank mentioned the bar in its guidelines on delivery of products to customers by courier service providers.

It also mentioned that financial transactions between the sellers and the courier service providers must take place through a formal financial channel.

For the execution of transactions through formal channels, maintenance of settlement accounts was made mandatory for all the courier service providers.


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