Regulatory Alerts2022-02-22
Added
PSD Circular No. 05: Issuance of PSO license to "Softtech Innovation Limited"
The Bangladesh Bank has granted a Payment System Operator (PSO) license to Softtech Innovation Limited, subject to the conditions specified in its letter PSD/ADSD EL (Softtech)/04/2022. This license authorizes the entity to provide merchant aggregator services under the brand name "aamarPay" within the country, in accordance with the Bangladesh Payment and Settlement Systems Regulations-2014 issued under Section 7(A)(e) of the Bangladesh Bank Order 1972.