Regulatory Alerts2026-02-08
Added
PSD-1 Circular No. 01: Regarding MFS and P2P transactions on the occasion of the upcoming 13th National Parliamentary election.
The Department of Payment Systems-1 imposes temporary restrictions on Mobile Financial Services (MFS) and Internet Banking (IBFT) transactions from February 9, 2026, at 12:00 AM to February 12, 2026, at 11:59 PM to prevent misuse during the 13th National Parliamentary Election. During this period, P2P transaction limits are set at 1,000 BDT per transaction with a maximum of 10 transactions per day, while all other MFS transactions are temporarily suspended. Merchant payments and utility bill transactions remain unaffected, but all providers must establish Quick Response Cells, implement close monitoring, report suspicious activities immediately, and provide necessary cooperation to the Election Commission and law enforcement agencies.