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
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
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
- ^ "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.