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.


It is widely known, yet for a long time nobody seemed to mind. With my work I want to confront the people with the problem of child labor and motivate the people who begin to think about it — in Bangladesh where children are employed and in the rich countries of the Western world where products are sold that have been produced by children.
My intention is not only to show the children at work as victims of bad bosses exploiting them, but I want to show the complexity of the situation: The parents who send their little boy to work in a factory because they are poor; the child who has to work to earn a living for the family; the boss of the factory who is being pushed by big garment companies to produce for less money; and the Western consumers as clients who buy cheap clothes.
I think it is impossible to abolish child labor completely in Bangladesh in a very short time, but I am sure it is possible to improve the working conditions for the children and to bring more from factory work into the schools
In rural Bangladesh, eight years old is old enough to start putting
food on the table. That was the first, but not last,