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Dhaka Tribune

Bangladesh Bank allows international cardholders to buy air tickets for overseas travel

The central bank issued a circular in this regard, stating that customers could now purchase tickets by using online card payment facilities

Update : 24 Sep 2020, 08:03 PM

The Bangladesh Bank (BB) on Thursday made it known that  international debit and credit cardholders could purchase air tickets online from Bangladesh for any overseas travel, such as from New York to Philadelphia or from Singapore to Kuala Lumpur.

Earlier, the cardholders were only allowed to purchase such tickets while on visits abroad.

The central bank issued a circular in this regard, stating that customers could now purchase tickets by using online card payment facilities.

The circular also allows Bangladeshi travel operators to receive payment in foreign currency from international cards against hotel booking and sales of railway and bus tickets for destinations outside Bangladesh.

It would help travelers to purchase air, railway and bus tickets and arrange hotel booking through local travel agencies at reasonable costs, said the circular.

The central bank has also allowed Bangladeshi travel agencies to provide ticketing services to travellers for journeys to destinations outside Bangladesh against payment by international cards.

To this end, the central bank has asked the banks to provide acquiring services to travel operators in Bangladesh for capturing online payments by international cards against sales of air tickets, the circular added.

The Bangladesh Bank, however, said that travel operators must have relevant registration or permission along with membership with the trade association of the sector.

Travel operators are supposed to have tie-up arrangements with internationally recognized tour operators or airlines for execution of such transactions.

The authorized dealer banks would retain the captured money in foreign currency margin accounts of travel operators for settlement of payments abroad after adjustments of commission, refund and taxes, added the circular.

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