FE Today Logo

Banks get one more year to link to NPSB

FE Report | September 13, 2018 00:00:00


Banks have got one more year from the central bank to connect their point-of-sales (POS) terminals to the National Payment Switch Bangladesh (NPSB).

Under the revised regulations, the banks and non-banking financial institutions (NBFIs) are allowed to connect their terminals to the NPSB by December 31, 2019 instead of December 31, 2018.

According to a Bangladesh Bank (BB) notification issued on Wednesday, all member banks have also been asked to use the NPSB for all inter-bank card transactions using POS terminals within the timeframe.

"We've extended the time limit considering the overall market situation," a senior BB official told the FE.

The central banker said the BB has planned to introduce 'QR Code' to facilitate inter-bank electronic transactions.

Talking to the FE, another BB official said 55 out of 57 commercial banks are connected with the NPSB system.

"No NBFI is yet to be the member of the NPSB system," the official added.

Earlier on December 27, 2012, the BB formally opened the national payment switch aimed at facilitating economic growth through expansion of business activities.

The NPSB's key objective is to create a common platform for payments originating from different delivery channels and existing shared switches in order to facilitate inter-bank transactions.

siddique.islam@gmail.com


Share if you like



COMPANY YCP HIGH LOW CLOSE %CHG
KPCL 83.2 91.5 79.5 91.5 9.976%
CENTRALPHL 15.4 16.9 16.4 16.9 9.7403%
SONALIANSH 396.4 431.0 396.0 431.0 8.7286%
FUWANGCER 13.1 14.4 13.2 14.2 8.3969%
FUWANGFOOD 14.8 16.2 15.0 16.0 8.1081%
WMSHIPYARD 18.0 19.7 17.9 19.4 7.7778%
RDFOOD 13.3 14.6 13.3 14.2 6.7669%
LIBRAINFU 1190.6 1265.0 1120.0 1265.0 6.249%
STYLECRAFT 1129.3 1199.8 1199.8 1199.8 6.2428%
NAHEEACP 64.2 68.8 64.1 67.7 5.4517%
COMPANY YCP HIGH LOW CLOSE %CHG
KARNAPHULI 15.3 15.3 14.0 14.0 9.2857%
KPCL 91.5 91.5 79.5 84.0 8.9286%
SONALIANSH 431.0 431.0 396.0 399.4 7.9119%
FUWANGCER 14.3 14.4 13.2 13.3 7.5188%
MEGHNALIFE 55.0 55.5 51.2 51.2 7.4219%
FUWANGFOOD 16.0 16.2 15.0 15.0 6.6667%
WMSHIPYARD 19.3 19.7 17.9 18.1 6.6298%
LIBRAINFU 1265.0 1265.0 1120.0 1188.0 6.4815%
AL-HAJTEX 79.6 82.0 75.1 75.1 5.992%
PF1STMF 5.5 5.5 5.2 5.2 5.7692%
COMPANY YCP HIGH LOW CLOSE %CHG
SAMATALETH 56.4 55.4 50.8 50.8 -9.9291%
FINEFOODS 44.0 42.9 39.9 40.3 -8.4091%
ZEALBANGLA 44.3 44.7 40.0 40.6 -8.3521%
SALVOCHEM 17.0 16.9 15.4 15.6 -8.2353%
DESHBANDHU 15.5 15.2 14.1 14.3 -7.7419%
MEGHNACEM 102.9 105.0 96.0 96.4 -6.3168%
ICB 123.2 120.0 115.0 115.6 -6.1688%
BIFC 5.0 5.3 4.6 4.7 -6%
DAFODILCOM 32.3 32.3 30.1 30.4 -5.8824%
BEACHHATCH 12.1 12.9 11.4 11.5 -4.9587%
COMPANY YCP HIGH LOW CLOSE %CHG
INTRACO 31.4 35.0 30.9 35.0 -10.2857%
SAMATALETH 50.8 55.4 50.8 55.4 -8.3032%
MEGHNACEM 96.8 105.0 96.0 104.8 -7.6336%
BXSYNTH 6.2 6.9 6.2 6.7 -7.4627%
WATACHEM 499.0 537.0 498.0 537.0 -7.0764%
ALLTEX 8.1 8.9 8.1 8.7 -6.8966%
AMBEEPHA 578.0 637.1 568.2 620.0 -6.7742%
SIMTEX 36.9 39.5 36.9 39.5 -6.5823%
ZEALBANGLA 41.9 44.7 40.0 44.7 -6.264%
TUNGHAI 4.5 4.8 4.4 4.8 -6.25%