DSE backtracks on imposing app usage fee
Dhaka Stock Exchange (DSE) has backtracked from its decision to charge Tk 150 per month for trading via its mobile app considering the present situation of the market as well as to reach more users first.
The premier bourse informed investors of its decision yesterday through its website. On December 23 it had decided to impose the fee from January.
“This is not a suitable time to introduce the fee considering the market movement, so we decided to make a U-turn. Already investors have been irked by the news on the imposition of the fee,” said a DSE board member, preferring anonymity.
He said the amount was comparatively higher and it should be lowered when it finally comes into effect. The fee can be imposed when the number of mobile app users exceeds one lakh, he added.
KAM Majedur Rahman, managing director of the DSE, said the bourse currently pays the app developer $1 per month for each user.
“The DSE is paying the money now, but it is becoming a big amount day by day.
Even though the amount is becoming bigger, the DSE is refraining from getting it back in an attempt to spread the use of the app,” he said.
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