PSD Circular No. 08: Amendment of PSD Circular No. 04/2017

This circular amends Section 2.2.1 of PSD Circular No. 04/2017 to permit all member banks and financial institutions of bKash in Bangladesh to operate and complete transactions via other Bangladesh Digital Financial Services (BDFS) providers alongside bKash, provided they ensure system security and do not issue local transaction reversals based on the Customer's Request (CR). All other provisions of PSD Circular No. 04/2017 remain unchanged. The directive takes immediate effect.

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Department of Payment Systems
Bangladesh Bank
Head Office
Dhaka

PSD Circular No.: 08/2019
Date: 08 December 2019
23 Agrahayan 1426

To,
Managing Director / Chief Executive Officer All Scheduled Banks Operating in Bangladesh

Dear Sir,

Subject: Partial Amendment of PSD Circular No. 04/2017.

Reference is invited to PSD Circular No. 04/2017 dated 24/08/2017 and PSD Circular No. 06/2018 dated 12/09/2018 on the subject cited above.

Section 2.2.1 of PSD Circular No. 04/2017 shall be replaced as follows:

"All member banks and financial institutions of bKash operating in Bangladesh may operate/complete transactions via bKash as well as other Bangladesh Digital Financial Services (BDFS) providers, subject to ensuring the security of their own systems, until local transaction reversals are not issued based on the Customer's Request (CR)."

In addition, other matters in PSD Circular No. 04/2017 shall remain unchanged.

This directive shall take immediate effect.

Yours faithfully,

(Masuma Sultana)
Deputy General Manager
Phone: 9530294
E-mail: masuma.sultana@bb.org.bd

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Lineage: In force

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Timeline

This document amends: PSD Circular No. 06: Amendment of PSD Circular No. 04/2017, PSD Circular No. 04/2017: Ensuring Security, Minimizing Transaction Risks and Enhancing Public Awareness in Card-Based Payments Through Different Payment Channels to Discourage or Reduce Cash Transactions

Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works