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Bangladesh Electronic Funds Transfer Network

From Wikipedia, the free encyclopedia

Bangladesh Electronic Fund Transfer Network (BEFTN) is a Bangladeshi electronic fund transfer network between banks within Bangladesh.[1] Its main purpose is to transfer funds between bank accounts.[2] The network can settle debit and credits. Salary, bill, dividend, interest could be paid through the system.

History

The network was established in 2011 (15 years ago) (2011).[3]

From November 2023, fund transfer of Bangladesh Automated Clearing House (BACH) was to be accomplished through Nikash-BEFTN.[4][5][6]

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