Saturday, 11 July, 2020, 3:43 AM
latest
Home Business

BB allows private sector to provide electronic payment services

Published : Monday, 1 June, 2020 at 10:58 PM  Count : 237

BB allows private sector to provide electronic payment services

BB allows private sector to provide electronic payment services


Bangladesh Bank (BB) has issued a guideline allowing non-bank entities for setting up necessary infrastructure in the country to provide electronic payment services to the customers of schedule banks and others.

“Such service will fall under the PSO (Payment System Operator) jurisdiction and intended firms (including a PSO license holder for other services) will require obtaining separate license from BB in existing such services and will need to follow all existing and upcoming policies, guidelines and standard relating to these services,” according to a BB circular.

These private sector non-bank operators will be termed White Label ATM and/or Merchant Acquirer (WLAMA).





BSS/GY

Related Topics

BB   private sector  




« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Online: 9513959, 01552319639, Advertisement: 9513663
E-mail: [email protected], [email protected], [email protected], [email protected],   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft