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Bangladesh Bank Extends Deadline for Card-to-MFS 'Add Money' Compliance to Dec 31, 2026

Bangladesh Bank 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 December 31, 2026.

By Staff Correspondent
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BB extends deadline for card-to-MFS 'Add Money' compliance until Dec 31  | Business
BSS

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 December 31, 2026. This extension aims to ensure that all entities have sufficient time to meet the new regulatory standards without immediate disruption to services.

Revised Implementation Timeline

The central bank issued the directive today 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 May 19, 2026. According to the circular, MFS providers and scheduled banks failing to comply with the stipulated requirements by the revised deadline will have their card-to-MFS 'Add Money' service suspended from January 1, 2027.

Regulatory Context and Implications

The directive was issued under Section 18 of the Payment and Settlement Systems Act, 2024. Bangladesh Bank clarified that the extension applies only to the implementation timeline for the two specified instructions. All other provisions of the original circular issued on May 19 will remain unchanged and must continue to be followed. This move underscores BB's commitment to ensuring a smooth transition to enhanced regulatory compliance while safeguarding consumer interests.

Source: BSS

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