Tag Archives: payments

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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WhatsApp to roll out payments service in India this year

WhatsApp

MNA Science & Technology Desk: WhatsApp will roll out its payments service in India this year following a year-long pilot, its global chief Will Cathcart has said, as the Facebook-owned messaging giant taps an upsurge in digital payments in its dominant market. WhatsApp is ubiquitous across India, where data consumption is surging thanks to cheap internet, but a full launch of its payments feature had been delayed amid some false messages circulating on the platform that have led to mob lynching and more government scrutiny, according to local media. The Menlo Park, California-based firm has also been trying to comply ...

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