PSD-1 Circular Letter No. 01: Replacement of Proprietary QR with Bangla QR at all Merchant Points

Bangladesh Bank Circular Letter No. 1 Bangladesh Bank General Department Dhaka. 01 April 2026 PSD-1 Circular Letter No. 01 Date: ------------------- 18 Chaitra 1432

Chief Executive/Chief Executive Officer All Commercial Banks/ Mobile Financial Service (MFS) Providers/Payment Service Providers (PSP)/Payment System Operator (PSO) (WLMA)

Subject, Replacement of Proprietary QR with 'Bangla QR' at all Merchant Points.

In order to establish a single interoperable, secure, user-friendly and accessible digital payment ecosystem across the country, Bangladesh Bank has introduced 'Bangla QR' as a common digital payment scheme. In this regard, your kind attention is invited to PSD Circular Letter No. 01 dated 06 January 2021 and PSD Circular Letter No. 01 dated 08 February 2023.

Accordingly, in order to ensure customer fund security and operational efficiency along with a single interoperable customer-centric payment scheme establishment, the following instructions are hereby issued:

a) All Commercial Banks, MFS, PSP and PSO (WLMA) are directed to mandatorily replace their respective Proprietary QR with 'Bangla QR' at all their merchant points on or before 30 June 2026. b) In order to maintain the 'Bangla QR' channel uninterrupted, necessary technical support and interoperability shall be provided. c) In order to regularly demonstrate 'Bangla QR' to customers at merchant points, regular monitoring shall be conducted. d) If any other payment channel besides 'Bangla QR' payment is operated at merchant points, the respective merchant 'Bangla QR' shall be removed. e) 'Bangla QR' deployment at merchants and customer awareness activities shall be promoted.

These instructions are issued under Section 18(2) of the Payment and Settlement Act, 2024. In case of violation of these instructions, appropriate legal action including under Section 37(5) of the said Act along with other relevant laws, rules and instructions shall be taken.

These instructions shall be strictly complied with.

Authorized Signature,

(A.B.G. Golam Kibria) Chief General Manager (CWM-1) Contact: 9530334