BB asks MSF providers to ensure smooth services

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DHAKA, May 14, 2020 mt news  – Bangladesh Bank (BB) has asked the Mobile Financial Services (MFS) providers to ensure smooth and uninterrupted transactions for providing cash assistance to 50 lakh poor families amid COVID-19 crisis. To this end, the central bank instructed MFS providers to keep sufficient money at agent points so that the beneficiaries of government-announced cash assistance can withdraw money smoothly, as per a BB circular issued on Wednesday. Prime Minister Sheikh Hasina today launched the disbursement of Taka 1,250 crore cash assistance among 50 lakh poor families hit hard amid the novel coronavirus pandemic.

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