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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 December 31, 2026.
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.
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.
