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19 June, 2019 12:45:30 AM / LAST MODIFIED: 19 June, 2019 12:56:09 PM
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MFS operators must bear cost of mobile balance checking: BTRC

STAFF REPORTER, Dhaka
MFS operators must bear cost of mobile balance checking: BTRC

Users of mobile financial service (MFS) do not have to pay any money for checking balance, a press release issued by the Bangladesh Telecommunication Regulatory Commission (BTRC) said yesterday. The press release signed by Zakir Hossain Khan, Senior Assistant Secretary of the BTRC, said for conducting “successful non-revenue generating transaction” such as checking balance or changing the PIN number, a MFS subscriber do not need to pay any money.

The charge in those cases will be applicable to the MFS operators for using the telecom operators’ network, said the release. The Bangladesh Telecommunication Regulatory Commission (BTRC) on Monday fixed charges for unstructured

supplementary service data (USSD) and short message service of mobile financial services (MFS), suggesting the move could raise the services cost for end users.

The MFS providers use the mobile phone operators’ USSD, which allows banking services from one’s basic feature phone without the need for internet connection, to relay their services. In return, the MFS providers share 7 percent of their earnings with the mobile operators.

Now, the MFS providers will have to pay the carriers according to usage.

For each 90-second session Tk 0.85 will be charged provided a successful transaction has taken place. Customers will get two text messages, the cost for which will be bundled within the Tk 0.85 charge.

For other non-transactional services such as checking balance, the MFS providers will have to pay Tk 0.40, which they did not previously.

SR

 

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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