Regulatory Alerts2026-08-11
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PSD-1 Circular No. 04: Issuance of PSP License to NEO PSP Limited
The Bangladesh Bank has issued a Payment Service Provider (PSP) license to NEO PSP Limited. This authorization was granted under the powers conferred by Section 5(4) of the Payment and Settlement Systems Act, 2024, following the revocation of a previous license notification dated 11 August 2026. The circular serves as formal notification of this licensing decision to all scheduled banks, mobile financial service providers, payment system operators, and payment service providers operating in Bangladesh.
50119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Payment Systems Department-1
PSD-1 Circular No. 04/2026 Dated: 27 Srabon 1433 11 August 2026
Managing Director/Chief Executive Officer All Scheduled Banks, Mobile Financial Service Providers, Payment System Operators, Payment Service Providers operating in Bangladesh.
Regarding the issuance of a license to "NEO PSP Limited" as a Payment Service Provider (hereinafter referred to as "PSP").
Under the powers conferred by Section 5(4) of the Payment and Settlement Systems Act, 2024, the Bangladesh Bank has issued a license to "NEO PSP Limited" as a Payment Service Provider (hereinafter referred to as "PSP") operating within the country, in place of the notification contained in the Bank's letter No. PSD-1/AD/ACNDL(NEO)/78/2026-1121 dated 11 August 2026, which was revoked.
Yours faithfully, (A.N.M. Moinul Kabir) Director (PSD-1)