Credit card spending by Bangladeshis has decreased in India but has increased in America

by times news cr

2024-09-13 17:40:15

Bangladeshis spent Tk 475 crore in July this year by buying various services and products on credit cards abroad. Which is 50 crores less than the month of June. Bangladeshis spent Tk 524 crore on credit cards in June. Credit card spending has dropped over the course of a month. However, in the month of July, credit card spending by Bangladeshis increased in America and on the contrary decreased in India.

This information is known from the updated report of Bangladesh Bank on Thursday (September 12).

According to Bangladesh Bank, Bangladeshis spend more on credit cards in several countries. Among them, the United States, India, Thailand, UK and Singapore are at the top in July. More than 50 percent of credit card spending by Bangladeshis abroad has been in these 5 countries. The spending of Bangladeshis in America, Thailand, UK increased in July compared to June.

A large number of Bangladeshis visit India every month for travel and medical treatment. Bangladeshi travel to the country has decreased significantly in recent times. Because of this, Bangladeshi credit card spending in India has decreased.

According to the review, Bangladeshis spent Tk 79.6 million using credit cards in America in July this year, which is 16.75 percent of the total spending. The cost of America in June was 77 crore 10 lakh taka.

Similarly, in July, Bangladeshis spent Tk 73.2 million using credit cards in neighboring India, which is 15.41 percent of the total expenditure. In June, this figure of expenditure in India was 92 crore 10 lakh taka.

In July, Bangladeshis spent Tk 50 crore or 10.52 percent in Thailand, Tk 394 crore or 8.29 percent in the United States and Tk 342 million or 7.20 percent in Singapore. Apart from this, Bangladeshis have spent 28 kt 60 lakh taka on Canada card.

Officials of Bangladesh Bank said that a Bangladeshi citizen can spend foreign currency equivalent to 12 thousand dollars every year by going abroad. You can spend this money through cards, and you can also take cash dollars with you when you go abroad. However, if you want to make a dollar payment through the card, you have the opportunity to spend up to 300 dollars at a time.

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