BB allows buying foreign air tickets through international cards
Bangladesh, Sept. 29 -- Bangladesh Bank (BB) has widened the scope for using international payment cards to purchase air tickets from foreign airlines operating in Bangladesh.
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The central bank's move comes to facilitate outbound travel and simplify cross-border payment settlements.
The Foreign Exchange Policy Department (FEPD) issued a circular on Monday to this effect, allowing resident Bangladeshi nationals to buy tickets with international cards even when the ticket sale proceeds are settled through the airlines' established international acquiring-and-payment settlement arrangements outside Bangladesh.
Previously, such transactions were permitted only if ticket sale proceeds were acquired through payment service arra...
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