Regulatory Alerts2025-11-20
Added
PSD Circular No. 13: Regarding the submission of payment related data (National Payment Data)
The Department of Payment Systems of Bangladesh Bank mandates that all licensed payment system participants, including scheduled banks, Mobile Financial Services (MFS) providers, Payment Service Providers (PSPs), and the Digital Financial Service 'Nagad', submit verified monthly payment data in a specified template by the 10th of the following month. This directive is issued under Section 18(4) of the Payment and Settlement Systems Act, 2024, and establishes that providing false information constitutes a punishable offense under Section 37(3) and is subject to fines under Section 41 of the same Act. The requirement aims to ensure the accuracy and timeliness of national payment data published on the Bangladesh Bank website, correcting previous delays and errors in submissions.