Brac Bank has terminated its transaction contracts with as many as 10 virtual outlets. The online stores are Evaly, Alesha Mart, Dhamaka, E-orange, Sirajganj Shop, Aladiner Prodip, Qcoom, Boom Boom, Adyen Mart and Needs. Read:‘Evaly’s brings 'SME Deal' to deliver products to small entrepreneurs In a public notice, the bank has said that its credit, debit, and pre-paid card transactions for these listed merchants stand cancelled with immediate effect. When contacted, Ekram Kabir, Head of Communications at Brac Bank, described the scrapping of transaction pacts with the 10 outlets as "a strategic decision". Read: BB to probe Evaly financial transactions, e-commerce activities “Our board of directors takes the final call when it comes to partnering with other organisations. The board has decided to suspend transactions with these 10 online stores for the time being," he told UNB. However, industry insiders said that the decision was taken by Brac Bank board as part of measures against online shopping platforms embroiled in allegations of fraud raised by customers. Read Online shopping boomed but many falling prey to fraudsters