Dhaka, Nov 2 (bdnews24.com)—Bangladesh has introduced Internet money transfers, allowing online payment of utility bills and other financial transactions with local currency credit cards.

The central bank on Monday also asked scheduled banks to facilitate clients with broader online banking facilities.

A Bangladesh Bank circular says from now, subscribers would be able to pay utility bills online from their bank accounts and also transfer funds to other banks.

It said that transactions between buyers and sellers can also take place online, enabling e-commerce facility in the country.

Commercial banks have been also asked to facilitate online credit card payments in local currency.

Bangladesh Bank governor Atiur Rahman told bdnews24.com the move has added a new dimension to the IT-based banking.

"It would allow a client to pay utility bills online to the service providers."

From now, people will not need to go to outlets for shopping with credit cards, he added.

The circular says that these transactions would be equivalent as cash transactions and banks will have to report to the Financial Intelligence Unit of the Anti Money-laundering Department of the central bank.

The order also asked banks to ensure that the new transaction systems is not used for money-laundering.

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