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BB extends card-to-MFS compliance deadline

BB extends card-to-MFS compliance deadline
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Bangladesh Bank (BB) has extended the deadline for mobile financial service (MFS) providers and scheduled banks to comply with specific regulatory requirements for the ‘Add Money’ facility from bank cards to personal MFS accounts until 31 December 2026.

The central bank issued the directive on 30 July 2026 through PSD-1 Circular Letter No. 03/2026, revising the implementation timeline for instructions under Serial Nos. 02 and 03 of its earlier circular issued on 19 May 2026.

According to the circular, MFS providers and scheduled banks that fail to comply with the requirements by the revised deadline will have their card-to-MFS ‘Add Money’ service suspended from 1 January 2027.

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The directive was issued under Section 18 of the Payment and Settlement Systems Act, 2024.

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Bangladesh Bank said the extension applies only to the implementation timeline for the two specified instructions.

All other provisions of the original circular issued on 19 May 2026 will remain unchanged and must continue to be followed.

 

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