Reporter Name 
Transferring money is set to become easier from November as customers will be able to send and withdraw funds between different mobile financial services (MFS) such as bKash, Nagad and Rocket.
They will also be able to transfer money from a mobile financial service account to a bank or a payment service provider (PSP) account.
Regarding this, the Bangladesh Bank (BB) issued a circular yesterday as part of its efforts to promote a cashless economy. The new circular will come into effect from November 1.
According to it, the maximum transaction fees, including value-added tax (VAT), have been fixed at 0.15 percent for banks, 0.20 percent for PSPs, and 0.85 percent for MFS providers.
