DGepay gets payment operator’s licence

DGepay Services Limited has received the licence to run as a payment system operator.

The company will run operation as a white label merchant acquirer inside the country under the brand "DG e-pay", said the central bank in a notice yesterday.

A white label merchant acquirer is a non-bank entity that deploys, owns and operates automated teller machines and offers in-store merchant acquiring services such as point of sale/quick response payments. 

Besides, they may provide e-commerce merchant acquiring facilities as well.

DGepay is the first PSO in Bangladesh with a no-objection certificate from the central bank for white label merchant acquisition, according to the company's website.