PSD Circular No. 16: Determination of Platform Fees, Interoperable Fees and Service Charges for transactions through Interoperable Digital Transaction Platform (IDTP)

Managing Director / Chief Executive Officer
All Scheduled Banks/Payment Service Providers/Mobile Financial Services Providers operating in Bangladesh

Dear Sir/Madam,

Regarding the determination of Platform Fees, Interoperable Fees and Service Charges for transactions conducted through the Interoperable Digital Transaction Platform (IDTP) "Binimoy".

The program of the Interoperable Digital Transaction Platform (IDTP) "Binimoy" will officially commence from 13 November 2022. In this context, the following fees and charges are determined for transactions conducted through "Binimoy":

1. For each transaction of any amount using "Binimoy", the receiving institution shall pay the platform fee of 0.50 BDT;

2. In the case of transactions using "Binimoy", the following Interoperable Fees and Service Charges shall apply:

Sending Institution	Receiving Institution	Interoperable Fee (as % of transaction)	Maximum Service Charge payable by Sending Institution to Receiving Institution (as % of transaction)
Bank	Bank	0.00	10.00 BDT
PSP	Bank	0.45	0.00
MFS Provider	Bank	0.45	0.00
PSP	PSP	0.00	1.00
MFS Provider	PSP	0.00	1.00
PSP	MFS Provider	0.75	0.50
MFS Provider	MFS Provider	0.75	0.50
Bank	MFS Provider	0.00	1.00
PSP	MFS Provider	0.75	0.50
MFS Provider	PSP	0.75	0.50

3. The Interoperable Fee mentioned in column 4 of the above table shall be paid by the receiving institution to the sending institution, which shall not be collected from the customer;

4. The sending institution may collect a maximum service charge from its customer as mentioned in column 4 of the above table. Institutions shall not collect any charge in addition to the said service charge from the customer;

5. Participating institutions of the "Binimoy" platform shall disclose the applicable service charges to customers in the Schedule of Charges;

6. Along with this, Circular PSD No. 07 dated 22 October 2020 is repealed.

These guidelines shall be effective from 14 November 2022.

Yours faithfully,

(Md. Majbaur Haque)
Director (PSD)
Phone: 9530174

Payment Systems Department
Bangladesh Bank
Head Office
Dhaka

PSD Circular No: 16/2022
Date: 10 November 2022
Date: -------------------
25 Katir 1429