Vatanac Bank has become the third financial institution authorised to facilitate payments owed to the General Department of Taxation (GDT) and General Department of Customs and Excise (GDCE) after it signed a memorandum of understanding with Ministry of Economy and Finance, state-owned AKP reported yesterday.

Previously, Acleda Bank and Canadia Bank were the only authorised financial institutions allowed to operate as third-party agents for payment collection.