Business Desk :
The central bank of Bangladesh Sunday directed banks not to receive advance payments for digital-commerce entities against goods and services ordered by end-use customers, post-facto some reported scams.
A circular issued on the day said many digital-commerce companies have reportedly been taking advance of payments through their respective company accounts against their goods and services.
A rule issued earlier by the Ministry of Commerce had asked the e-commerce firms to take payments only after delivery of goods to customers. A third party called gateway will hold the money until the goods reach the final customers.
The commerce ministry enforced the rule following a number of scams allegedly committed by some e-commerce companies.
Some e-commerce enterprises’ liabilities built up much above their respective current assets, according to an inspection.
