Regulatory Alerts2022-09-04
Added
PSD Circular No. 14: Inter-distributor Cash Management of Mobile Financial Services (MFS) Provider
Mobile Financial Service Providers (MFSPs) are authorized to implement an inter-distributor cash management system to ensure sufficient cash and e-money supply during weekly and government holidays when banking services are closed. The system permits digital transactions between distributors, with a maximum daily transaction limit of 50 lakh BDT per distributor for combined e-money lifting and cash refund operations. MFSPs must facilitate these transactions via their web portals or applications, ensure completion within three hours, and report monthly to Bangladesh Bank.
Topics
Share