Regulatory Alerts2017-12-21
Added · Updated
PSD Circular Letter No. 02: Amendment of PSD Circular No. 04/2017
This circular amends Section 2.2.1 of PSD Circular No. 04/2017 by requiring all POS terminals established by member banks and financial institutions of Non-Payment System Banks (NPSB) operating in Bangladesh to be integrated with the NPSB by December 31, 2018. It further mandates that all inter-bank card transactions conducted via these POS terminals must be processed through the NPSB. The directive is effective immediately, while all other provisions of the original circular remain unchanged.
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