Technology solution providing company Optimum Solution and Services Ltd. (OSSL) received the Payment System Operator (PSO) license from Bangladesh Bank on Tuesday.
With this, OSSL will be able to operate as a PSO under the brand name Easy Payment System (EPS).
A circular regarding the license was issued by the Payment Systems Department (PSD) of Bangladesh Bank. The issued circular has been sent to the Managing Directors/Chief Executives of all Scheduled Banks, Mobile Financial Services Providers, Payment System Operators and Payment Service Providers in the country.
The circular states that, “According to the ‘Bangladesh Payment and Settlement Systems Regulation–2014’ issued under Section 7(A) (E) of Bangladesh Bank Order 1972, OSSL has been given the license as a PSO to run its operations within under the brand name of Easy Payment System (EPS)”.
PSD of Bangladesh Bank has so far granted licenses to a total of seven institutions as PSO. EPS is one of them. With this authorization, EPS is able to provide financial transaction services to individuals and businesses.
EPS promises to unveil new horizons to the digital financial ecosystem. The theme of EPS is ‘Easy Solution for All Transactions’.