Regulatory Alerts2023-11-20
Added
PSD Circular Letter No. 08: Regarding Payment System Operator (PSO) License Cancellation of Walletmix Ltd.
The document announces the cancellation of the Payment System Operator (PSO) license for Walletmix Ltd. This action was taken under the authority granted by Rule 6(b) of the Bangladesh Payment and Settlement Systems Regulations, 2014, in accordance with condition (c) of the license issued to Walletmix Ltd, specifically to protect customer interests. The notice serves as a formal communication to all scheduled banks, mobile financial services providers, payment service providers, and payment system operators operating in Bangladesh regarding this regulatory decision.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Payment Systems Department
PSD Circular Letter No.: 8/2023
Date: November 20, 2023 5 Agrahayan 1430
Managing Director / Chief Executive All Scheduled Banks, Mobile Financial Services, Payment Service Providers and Payment System Operators operating in Bangladesh.
Dear Sir,
Regarding the cancellation of the Payment System Operator (PSO) license of "Walletmix Ltd".
With reference to PSD Circular No. 03/2022 dated 02/02/2022 of this department, it is hereby informed that, under the powers conferred by Rule 6(b) of the Bangladesh Payment and Settlement Systems Regulations, 2014 and in accordance with condition (c) of the license granted to Walletmix Ltd, the Payment System Operator (PSO) license of Walletmix Ltd has been cancelled to safeguard customer interests.
Yours faithfully,
(Signature)
(Md. Motaher Billah) Director (PSD) Phone: 9530334
Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, Web: www.bb.org.bd