BASIS for 5.0% cash incentive on digital payments

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Business Desk :
Bangladesh Association of Software and Information Services (BASIS) has proposed introducing a 5.0 per cent incentive on digital payments with the aim of promoting digital transaction amid the Covid-19 pandemic.
Of the incentive, 3.0 per cent will go to merchants and the rest 2.0 per cent to payers, the trade body said a press release on Wednesday.
Bangladesh Bank governor Fazle Kabir expressed his strong support for the proposal as BASIS president Syed Almas Kabir placed it while paying an in-person visit to him recently.
The BASIS president believes that this incentive will encourage both merchants and buyers to encourage transactions through digital payments systems.
Meanwhile, the government has announced a low-interest loan assistance package of Tk 200 billion for small and medium enterprises to overcome the business recession during the pandemic.
On the package, the BB again launched a credit guarantee scheme, read the BASIS statement welcoming the move.

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