Tag Archives: international cards

BB brings simplification in online transactions

international cards

MNA Business Desk: The Bangladesh Bank (BB) has waived the formalities of online transaction authorisation form (OTAF) for online payments through international cards. The central bank issued a new notice on Sunday over the matter after it came under intense criticism for introducing the OTAF, report BSS and bdnews24.com. “To bring further simplification in online transactions, it has been decided to waive OTAF formalities for online payments abroad through international cards,” according to the BB circular. Authorities had introduced the online transaction authorisation form to stop illegitimate online payments to participate in gambling or stock trading. In this context, Sunday’s ...

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