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Bangladesh’s National Payment Switch Bangladesh (NPSB) is set to introduce a new interoperable payment system on November 1, 2025, allowing seamless transactions across mobile financial services (MFS) such as bKash, Nagad, and Rocket, as well as banks and payment service providers (PSPs). Under this system, bank-to-MFS transfers will cost Tk 1.50 per Tk 1,000, MFS-to-bank transfers Tk 8.50 per Tk 1,000, bank-to-bank transfers Tk 1.50 per Tk 1,000, and bank-to-PSP transfers Tk 2 per Tk 1,000. Recipients will not be charged any fees. The move aims to reduce reliance on cash and promote digital transactions across the country. The service will operate within existing transaction limits of banks, MFS operators, and PSPs. For internet banking transfers between banks, previous rules will remain in effect. The circular was issued by Bangladesh Bank’s Payment Systems Department on October 13, 2025.

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