The central bank has relaxed its regulations allowing business-to-consumer export through e-Commerce websites under cash on delivery or payment on shipment terms to facilitate retail exports using digital platforms, said officials.
Under the relaxations, payment against export under e-Commerce can be received by different payment methods like international cards, online payment gateway service providers, digital wallets and other legitimate payment systems licensed by the concerned regulatory authorities, according to a notification issued by the Bangladesh Bank (BB) on Monday.
Earlier cross border export under e-commerce was allowed only against payment received through digital platforms before shipment.
“The new rules will help authorised dealer (AD) banks to facilitate retail export through e-Commerce platform,” a BB official told the FE.
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