Bangladesh Bank's Payment Systems Supervision Department has said that under the Payment and Settlement Systems Act, 2024, no individual or institution can operate a payment system or provide payment services without a license from the central bank. Such activities are punishable offenses under the law.
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Warning against transactions on 22 online payment platforms
Bangladesh Bank has warned that individuals and businesses may face financial and regulatory risks if they transact through these unauthorized platforms. Individuals, businesses and financial institutions have been advised to avoid these platforms.
The 22 platforms on the central bank's list are—Bohudur Pay, Jini Pay, Petilar, Bengali Pay, Peroa BD, Shohoj Pay BD, Easy Pay Way, AK Pay, BD Pay, Sajghor Pay, Astha Pay/C Pay, Uddokta Pay, Wallet Mix, BTT Pay, Easy Pay Automation, Unique Pay BD, BD Auto Pay, RH Pay BD, Easy Pay, Auto Pay Limited, Bishwasto and Pipra Pay.
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Bangladesh Bank has said that monitoring of the digital payment sector will continue. Legal action will be taken against institutions operating payment services without the necessary approval.