Regulatory Alerts2022-11-10
Added
PSD Circular No. 16: Determination of Platform Fees, Interoperable Fees and Service Charges for transactions through Interoperable Digital Transaction Platform (IDTP)
Effective 14 November 2022, the circular mandates that participating institutions pay a platform fee of 0.50 BDT per transaction via the 'Binimoy' IDTP. It establishes specific interoperable fees and maximum service charge percentages based on the types of sending and receiving institutions (banks, PSPs, MFS providers). Institutions are prohibited from charging fees beyond those listed in the circular's schedule and must disclose applicable service charges to customers. Circular PSD No. 07 dated 22 October 2020 is repealed.
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