National Payment Switch Bangladesh
 | |
| Operating area | Bangladesh |
|---|---|
| Members | 57 Banks |
| Founded | 2012 |
| Owner | Bangladesh Bank |
| Website | www |
National Payment Switch Bangladesh (NPSB) is a Bangladeshi payment network that ensures national interoperability between account and card based transactions across banks in Bangladesh.[1] It is owned and operated by Bangladesh's central bank the Bangladesh Bank. It supports ATMs, POS, and internet banking fund transfers with Mobile financial services (MFS).
History
[edit]NPSB was established in 2012. In 2025, Standard Chartered Bangladesh announced they were fully integrated with NPSB and also supported Bangla QR payment.[2]
Operations
[edit]At its launch there were transaction limits, individuals could transact maximum 3,00,000 taka/transaction at a frequency of maximum 10 times/day and no more than 10,00,000 taka per day. Corporate clients could transact 5,00,000 taka/transaction and maximum frequency as 20/day and 25,00,000 taka per day. 2FA is mandatory for participating banks, with respect to online, e-commerce, interbanking, card not present transactions.
In 2022, frequency limitations were lifted.[3]
References
[edit]- ↑ "Bangladesh Bank". www.bb.org.bd. Retrieved 2025-09-26.
- ↑ "Standard Chartered Bangladesh launches Bangla QR payment on SC Mobile App". The Business Standard. 2025-08-24. Retrieved 2025-09-26.
- ↑ "No limit for intra-bank internet money transfer". The Business Standard. 2022-04-28. Retrieved 2025-09-26.
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