International online purchase limit tripled

Bangladesh Bank today tripled the limit for international transaction for online purchase that will boost e-commerce services in the country.

Now, the users have the ceiling of $300 per transaction, the central bank said in a circular.

Previously, the limit was $100 since its introduction in May 2013.

Also, the scope of the purchase facility has been widened to accommodate magazine and newspaper subscription, the circular said.

Earlier, the facility was limited only to legitimate purchase of goods and services such as downloadable application software and ebooks from reputed and reliable sources abroad.