Regulatory Alerts2025-06-02
Added
PSD Circular No. 09: Regarding PSP license of Shamadhan Services Limited
The Bangladesh Bank has granted a license to Shamadhan Services Limited to operate as a Payment Service Provider (PSP) within the country, subject to specific conditions outlined in letter PSD/AD&C&DL(Shamadhan)/55/2025-1081 dated June 2, 2025. This authorization is issued under the powers conferred by Section 5(4) of the Payment and Settlement Systems Act, 2024.
50119 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh. Payment Systems Department PSD Circular No.-9/2025 Dated: 19 Jyestha 1432 2 June 2025 Managing Director/Chief Executive Officer All Scheduled Banks, Mobile Financial Service Providers, Payment System Operators, Payment Service Providers operating in Bangladesh. Regarding granting license to 'Shamadhan Services Limited' as a Payment Service Provider (PSP). Under the authority vested in the Bangladesh Bank by Section 5(4) of the Payment and Settlement Systems Act, 2024, a license has been granted to 'Shamadhan Services Limited' to operate as a Payment Service Provider (PSP) within the country, subject to the conditions mentioned in letter PSD/AD&C&DL(Shamadhan)/55/2025-1081 dated June 2, 2025. Yours faithfully, (Rafeza Akter Kanta) Director (PSD)