Act 2024 status not recorded
পরিশোধ ও নিষ্পত্তি ব্যবস্থা আইন, ২০২৪ (Payment and Settlement System Act, 2024)
Issued by Bangladesh Bank
Plain-English summary
Act No. 9 of 2024, dated 4 July 2024. Section 4 bars operating a payment system or providing payment services without approval or licence, and section 5 covers the grant of approvals or licences. Further sections deal with general powers (s.18), power to set standards (s.19) and inspection, audit, supervision and investigation (s.21).
Who it applies to
Banking · Payments & Fintech
Topics
Prudential & Capital Payments & Fintech / Digital Assets
Latest news
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
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RBI penalizes Ola Financial Services for KYC compliance failures
25 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…