Bangladesh Bank (FE) Circular no 31, on Encashment certificate against inward remittances on account of Information Technology Enabled Services (ITES) exports, dated 16 November 2022.

Bangladesh Bank has allowed mobile financial service providers to repatriate (conversion of foreign currency into local currency) export income and inward remittance. All authorized dealers will provide encashment certificates to MFS providers against inward remittance, on account of information technology-enabled services exports.

In order to make it easier to receive foreign exchange, Bangladesh Bank issued a circular stating that all authorized dealers in foreign exchange and all licensed MFS providers are allowed to receive export income on account of ITES exports in association with internationally recognized OPGSPs / digital wallets and/or aggregators having an operation in multiple countries.