Bangladesh Mobile Financial Services (MFS) Regulations, 2018


As per Section 7A(e) and section 82 of the Bangladesh Bank Order 1972 and Section 26 (cha) of the Bank Companies Act ,1991 (amended in 2013), Bangladesh Bank has issued the regulations titled "Bangladesh Mobile Financial Services (MFS) Regulations, 2018". The new regulations will replace the previously issued "Guidelines on Mobile Financial Services for the Banks" and shall come into effect immediately.

The purposes of these Regulations are to: (i) Provide regulatory framework to create an enabling and competitive environment to cater cost efficient and prompt MFS; (ii) Promote access to formal financial services at an affordable cost, especially for the poor and unbanked population segments; and (iii) Ensure compliance with Anti Money Laundering and Combating Financing of Terrorism (AML/CFT) standards set by AML/CFT rules, regulations, guidelines and instruction issued by Bangladesh Financial Intelligence Unit (BFIU).


  • Agent/ Retail Agent/ Authorized Agent: An entity authorized by a bank/MFS provider to carry out financial transactions for mobile financial services on behalf of the bank/MFS provider.
  • Bank-led MFS Model: Bank-led MFS is a model where a bank may run the MFS as a product of the bank or a bank may form an MFS providing subsidiary with at least 51% of the share held by the bank with control of the board.


Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
Date of Document: 
Monday, July 30, 2018
Document Authors: 
Bangladesh Bank
Language (This Document): 

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.