Photo: BIGSTOCKAll MFS providers have been asked to keep their own systems, distribution and agent channels functional, while ensuring enough cash at all agent pointsBangladesh Bank (BB) on Sunday asked mobile financial services (MFS) providers to ensure uninterrupted services so that workers and employees of export-oriented industries can get their wages from the government’s stimulus package during the coronavirus emergency. All MFS providers have been asked to keep their own systems, distribution and agent channels functional, while ensuring enough cash at all agent points. The BB notice was issued to all MFS provider companies on the same day, saying the directive would be effective immediately. The central bank also requested the Ministry of Home Affairs, Ministry of Finance and Bangladesh Police to help facilitate countrywide mobile banking and movement of persons involved with the services during the shutdown period.

Source: Dhaka Tribune April 12, 2020 11:48 UTC