Solution Services Limited, owned by Grameen Telecom Trust, has received the final license as a payment service provider (PSP) company, which has issued a license in the name of the company on Monday.
PSP is commonly known as e-wallet or digital wallet service. By opening an account, the customer can make various transactions including online shopping, utility bill payment, tuition fee payment, such as Alipay in China, such as Alipay, China.
Earlier in Bangladesh, eight companies including Ipay, D Money have received this license. The total number of PSPs stood at 9. Outside the country There are 11 PSO or payment system operators.
Grameen Telecom Trust, the parent company of Solution Services Limited, which was licensed on Monday. Muhammad Yunus was the chairman of the trust until August 8 before taking over the role of the interim government's chief advisor, since September 9, he has been serving as the chairman of the institution. Ashraful Hasan.
Bangladesh Bank's Payment Systems Department has issued a circular in this regard to all the banks of the country, Mobile Financial Services Provider, Payment Systems Operator and Payment Service Provider or Managing Director or Chief Executive.
According to the circular of Bangladesh Bank, under the power of Section 5(4) of the Payment and Settlement System Act, Bangladesh Bank ‘Samadhan Services Limited' has been given a license to provide payment services within the country.
The solution first applied for the PSP license in the Solution Central Bank on November 16, 2021. The company has met the Non-Motimentary (NOC) condition for the 2024. Bangladesh Bank has been suspended until August 2024. After the August 5 change of pot, the NOC has given the NOC on September 29. This is the way to get the PSP license.
