MFS distributors, agents now can transact on weekends, holidays  | The Business Standard
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June 11, 2025

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WEDNESDAY, JUNE 11, 2025
MFS distributors, agents now can transact on weekends, holidays 

Banking

TBS Report
04 September, 2022, 08:55 pm
Last modified: 04 September, 2022, 09:08 pm

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MFS distributors, agents now can transact on weekends, holidays 

TBS Report
04 September, 2022, 08:55 pm
Last modified: 04 September, 2022, 09:08 pm
Illustration: TBS
Illustration: TBS

The Bangladesh Bank has allowed the distributors of mobile financial services (MFS) to have e-money and cash transactions on weekends and public holidays. 

On Sunday (4 September), the Payment Systems Department of the central bank issued a notification in this regard.

The new rules will allow MFS distributors to trade e-money in exchange for cash after collecting it from their agents. 

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But a distributor will not be able to transact more than Tk50 lakh in a day. 

The BB notification stated that customers were deprived of uninterrupted services as the MFS distributors could neither lift e-money from banks by depositing cash nor could withdraw cash by refunding e-money on public holidays.

Economy / Top News

Mobile Financial Service (MFS)

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