Author: Mohammad Faijul Islam

The government of Bangladesh has taken a great initiative to build a new platform (switch) that will enable the real-time transfer of money from one platform to another. The ICT Division has given the budget to build the platform for the Central Bank i.e., Bangladesh Bank. The interoperability facility will be given to banks, MFS… Continue reading IDTP: Digital financial services need a level playing field

The Interoperable Digital Transaction Platform (IDTP) is an initiative of the Bangladesh government; whose primary objective is to bring the general people online to deliver digital financial services connected to financial transactions. It will serve as a bridge between a variety of financial service providers, including banks, non-banking financial institutions, merchants and enterprises, and usual… Continue reading IDTP: First Step Towards a cashless society

The Interoperable Digital Transaction Platform (IDTP), a new system to transfer funds from one MFS to any other MFS, between MFS and banks, and other Payment Service Providers (PSP), is set to be launched in January 2022. Zunaid Ahmed Palak, state minister for ICT, said on Sunday that IDTP will allow effortless fund transfer within… Continue reading Interoperability Between MFS, Banks to Start from January 2022

The government is set to launch the Interoperable Digital Transaction Platform (IDTP) in January next year, allowing people to move funds effortlessly within the financial sector in real-time and at lower costs, said Zunaid Ahmed Palak, state minister for ICT. “The platform will curb the cost of transactions and harassment in making financial transactions,” said… Continue reading Interoperable digital transaction to begin in January: Palak

State Minister for Information and Communication Technology (ICT) Division Zunaid Ahmed Palak called upon all financial institutions, including banks, to use the “Interoperable Digital Transaction Platform (IDTP)” in order to check irregularities, costs and harassment in financial sector. “The country’s largest mobile wallet bKash has already started inter- digital transactions aimed at bringing down irregularities,… Continue reading Palak for joining IDTP platform to check financial sector’s flaws

The government will launch a digital transaction platform with unified payment interface to support interoperable services among all accounts of traditional banks and mobile financial services (MFS). The platform will enable cross-platform transactions irrespective of banks or mobile financial services as well as making any bill payment. The ICT Division is now piloting the system… Continue reading Govt to launch unified digital payment system

State Minister for Information and Communication Technology (ICT) Junaid Ahmed Palak has said an inter-operable digital transaction platform (IDTP) will be launched to prevent irregularities, costs, and harassment in financial transactions. He said the people of the country would be brought online through the provision of digital services to ensure transparency and accountability in the… Continue reading Interoperable digital transaction platform to be launched to curb irregularities: Palak

The government has taken an initiative to make all accounts of banks, mobile financial services and payment system providers interoperable this year, a development that will allow people to move funds effortlessly within the financial sector on real-time and at lower costs. The new system — Interoperable Digital Transaction Platform (IDTP) — will be set… Continue reading Interoperability across all financial systems this year

The ICT Division and Bangladesh Bank (BB) signed a Memorandum of Understanding (MoU) on Monday, aiming to implement an ‘Interoperable Digital Transaction Platform (IDTP)’ in order to accelerate FinTech and digital financial inclusion. Md Mezbaul Haque, General Manager of the Payment Systems Division of BB, and Syed Mojibul Huq, Additional Secretary and Director of iDEA… Continue reading BB signs MoU with ICT Division