Bangladesh’s central bank, the Bangladesh Bank (BB), on 21 December (Monday) has eased the rules for cross border retail exports under e-commerce.
As per media reports, the BB, responding to pleas made by e-commerce businesses, simplified the rules for exports from Bangladeshi e-com platforms by allowing business-to-consumer export through e-commerce websites under cash on delivery or payment on shipment terms.
The central bank has already issued a circular in this direction.
With issuance of the latest circular, which e-commerce businesses said would help ease transactions for retail exports under e-commerce on the internet, payments against export under e-commerce can be received by different payment methods like online payment gateway service providers, international cards, digital wallets and other legitimate payment systems licensed by the concerned regulatory authorities.
Earlier, cross border export under e-commerce, reportedly, was allowed only against payment received before shipment, over the internet.
