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All in all, there will be a major catastrophe in the banking sector, officials from bankers and mobile financial service providers (MFS) said.
They said that all banks in the country, including the Bank of Bangladesh, now conduct transactions over the Internet. If this service is stopped, the country’s economy will come to a standstill.
They expect a dignified solution to the problem through talks on Saturday night.
The Internet Service Providers Association of Bangladesh (ISPAB) and the Bangladesh Cable Operators Association have announced that they will shut down Internet and cable TV services across the country from 10 AM to 4:30 PM. M. A 1 p. M. Every day from Sunday, unless the elimination of the hanging of the two capital city corporations is stopped without alternative measures. (Coab).
What if the Internet didn’t work?
The leaders of the two organizations did not hold talks with the two city corporations or the government until Saturday night. They are inflexible in their pre-announced schedule.
Ali Reza Iftekhar, Chairman of the Bangladesh Bankers Association (ABB) and Managing Director of Eastern Bank, told bdnews24.com: “All banks in the country are closed. Yes. Just as customers cannot withdraw money from any branch. from a bank, they cannot withdraw money from ATMs. All types of foreign transactions will also be closed, including the opening of LC. All in all, the entire banking sector will become obsolete. We will suffer a lot.
“At the same time, clients will face huge losses if they don’t make the necessary transactions.”
Ali Reza Iftekhar said: “I heard that there will be a meeting of the concerned government ministries with the leaders of ISPAB and KOAB. Hopefully that meeting will be a respectable solution. We don’t have to face such a catastrophe. “
Threats to shut down the service if hanging doesn’t stop your court
So did Syed Mahbubur Rahman, former ABB chairman and managing director of Mutual Trust Bank.
He told bdnews24.com, “Banks are working tirelessly to implement the government’s incentive package to combat the Kovid-19 epidemic.” In this difficult situation, if the banking transactions are stopped because the Internet connection is cut, there will be a catastrophe in the entire banking sector and the economy of the country ”.
He urged both parties to find a better solution in the interest of the country’s economy by taking the issue very seriously.
Shamsuddin Haider Dalim, head of the communications department at bKash, the country’s largest mobile financial services provider, told bdnews24.com that all bKash transactions would be interrupted if the internet connection was cut. Then no one can send money (cash) to anyone; You can’t even withdraw money (withdraw money).
“Because if the Internet connection is off, we also have to turn off the main server. That is why there will be no opportunity for a transaction.”
Dalim hopes to find a solution by Saturday night.
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