Dhaka, Aug. 4 -- City Bank PLC has now connected with 50 major banks in 17 countries in live transactions in both sending and receiving roles under SWIFT's new retail cross-border payment scheme.

As a result, remitters can send remittances directly to Bangladesh, and e-commerce entrepreneurs can receive their product payments from 17 countries directly to their accounts. But when sending payments abroad, some rules and regulations of the Bangladesh Bank must be followed.

City Bank has become the first bank in Bangladesh and globally to successfully validate and execute live transactions.

The milestone was achieved within five months of City Bank joining the initiative in February 2026. The bank completed its first outgoing transaction ...