Regulatory Alerts2026-05-23
PSD-1 Circular Letter No. 02: Renaming Cashless Bangladesh Unit as Bangla QR Implementation Unit
Bangladesh Bank’s Payment Systems Department issued Circular Letter No. 02 to rename its 'Cashless Bangladesh Unit' to the 'Bangla QR Implementation Unit' and mandates all banks, mobile financial service providers, payment service providers, and system operators to fully adopt the Bangla QR payment infrastructure. The directive requires financial institutions to prominently feature Bangla QR in their mobile applications, onboard all branch and retail account holders to the channel, and designate a dedicated Bangla QR Branding Officer at every bank branch. Compliance reports detailing merchant onboarding and app integration must be submitted to the department by 3 June 2026, with all prior related directives remaining in effect.
Share