PSD Circular Letter No. 09: Regarding Payment and Settlement System Act, 2024 — BB — BD

Bangladesh Bank
Chief Executive
Dhaka
Payment Systems Department
PSD Circular Letter No: 09/2024 Date: 01 August 2024 17 Srabon 1431

Managing Director / Chief Executive Officer
All Scheduled Banks / Mobile Financial Services / Payment Service Providers / Payment Service Operators / Card Issuing Entities and Credit Bureaus operating in Bangladesh.

Dear Sir,

Reference: "Payment and Settlement System Act, 2024" (Act No. 9 of 2024).

This is to bring to your kind attention that the "Payment and Settlement System Act, 2024" (Act No. 9 of 2024) was published in the additional issue of the Bangladesh Gazette on July 4, 2024, with the assent of the President, to integrate payment, clearing, and settlement systems, reduce transaction risks through supervision and control, and protect consumer interests.

Now, to ensure awareness and compliance among all concerned, the "Payment and Settlement System Act, 2024" has been uploaded on the Bangladesh Bank website (https://www.bb.org.bd/en/actregulation/act) for your reference.

Yours faithfully,

(Md. Motaher Billah)
Director (PSD)
Phone: 9530334