ABG Tech gets payment service licence

ABG Technologies Ltd has received a licence from the central bank to operate as a payment service provider in the country.    

The Bangladesh Bank issued a circular to this effect yesterday.

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PSP licence-holders can facilitate payments directly to customers and settle transactions through a bank or financial institution.

Other PSP licensees in the country are iPay Systems, D Money Bangladesh, Recursion FinTech, Green & Red Technologies, and Progoti Systems.