Stop running offensive promotions against each other
Bangladesh Lender yesterday asked e-wallet or digital money companies to avoid creating propaganda against one another.
It has been found that some mobile phone financial service (MFS) suppliers, payment companies and payment system operators have recently started derogatory campaigns against the other person by way of publishing advertisements in newspapers, YouTube and other websites, Bangladesh Bank said in a circular.
In some instances, Fintech companies also attacked each other's clients through direct messages. They also distributed leaflets, put up posters and billboards, explained the BB.
"One supplier trying to tarnish the picture of another is completely unexpected," the central lender explained, asking the digital funds companies to prevent the utilization of aggressive words according to the provision of the National Broadcast Insurance policy 2014.
The banking regulator issued the circular practically fourteen days after it summoned and rebuked the very best officials of two leading MFS providers-Nagad and bKash-for introducing offensive campaigns against each other.
BB warned them verbally never to conduct such actions that would lose clients' confidence on the whole MFS sector.
