The Bangladesh Bank on Tuesday gave licence to Soft Tech Innovation Ltd to operate as a payment system operator under its brand name of aamarPay, taking the country\u2019s total PSO licensees to seven.
\nThe central bank\u2019s payment systems department issued a circular on Tuesday, saying that the licence was issued under the Bangladesh Payment and Settlement Systems Regulations-2014.
\naamarPay has received the licence to provide PSO service as a merchant aggregator, it said.
\naamarPay works on money management for online businesses by providing clean, developer-friendly APIs and hassle-free integration, as per the entity\u2019s web site information.
\n\u2018We offer a fast, affordable and secure way for merchants, schools, ecommerce and other companies to accept and disburse payments online, and also we aim to provide best B2C super app experience through our flagship product \u2014 aamarPay App,\u2019 it said.
\nApart from aamarPay, five other existing PSO licensees are IT Consultants Ltd, SSL Commerz Ltd, ShurjoMukhi Ltd, Portonics Limited and Walletmix Limited.
\nAs per the BB rules, PSO operates a settlement system for payment activities between or among participants of which the principal participant must be a scheduled bank or financial institution likes of payment gateway and payment aggregator.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bangladesh Bank on Tuesday gave licence to Soft Tech Innovation Ltd to operate as a payment system operator under its brand name of aamarPay, taking the country\u2019s total PSO licensees to seven. The central bank\u2019s payment systems department issued a circular on Tuesday, saying that the licence was issued under the Bangladesh Payment and … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[13240,1986,13242,13243,13241],"yoast_head":"\n