B Mirror Report: Bangladesh Bank (BB) has issued updated Guidelines on Credit Card Operations of Banks to simplify operations, strengthen risk management, and promote transparency in cashless financial transactions nationwide.
The revised policy raises the maximum credit card limit from Taka 25 lakh to Taka 40 lakh and the unsecured credit limit from Taka 10 lakh to Taka 20 lakh, reflecting the growing demand for digital payments as an alternative to cash.
The guidelines provide a structured framework covering the full lifecycle of credit card services, including classification, customer eligibility, marketing, issuance, billing, dispute resolution, fraud prevention, and data privacy. They aim to streamline the expanding credit card market, eliminate operational complexities, and ensure secure, efficient digital payment systems.
Bangladesh Bank said the updates follow a thorough review of payment system challenges, card-related irregularities, and fraud risks, creating a safer and more transparent environment for cardholders and financial institutions.
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