This document discusses mobile banking in Bangladesh. It defines mobile banking as conducting financial transactions remotely using a mobile device and app. It outlines the current regulatory framework for mobile banking in Bangladesh, including the Bangladesh Bank Order of 1972 and the Bangladesh Payment and Settlement Systems Regulation of 2014. It also summarizes the guidelines on Mobile Financial Services from Bangladesh Bank, including allowed transaction types and limits imposed by Bangladesh Bank.

1. Md. Jahid hassan
section- a
i.d- 16421045
departMent of Law
BangLadesh University of
professionaLs

2. Topics will Cover
Definition of Mobile Banking.
Current Regulatory Framework of
Mobile Banking in Bangladesh.
Guideline on Mobile Financial
Service (MFS).
Transaction Limitation Imposed by
Bangladesh Bank
Conditions and Limitations of
bkash.

3. Definition of Mobile
Banking
Mobile banking is a service provided by
a bank or other financial institution that
allows its customers to conduct financial
transactions remotely using a mobile
device such as a mobile phone or tablet. It
uses software, usually called an app,
provided by the financial institution for the
purpose.

4. Current Regulatory
Framework of Mobile
Banking in Bangladesh.
Bangladesh Bank Order, 1972
• The main functions of the
bank(s.7)
Bangladesh Payment and
Settlement Systems Regulation-
2014
• How mobile bank get license(Art.5)
Guideline on Mobile Financial
Service (MFS)

5. Guideline on Mobile
Financial Service (MFS)
 Para 5.0. Mobile Financial Services: Bangladesh Bank
may allow the following Mobile Financial Services (in broad
categories) ‐
 Disbursement of inward foreign remittances,
 Cash in /out using mobile account through agents/Bank
branches/ ATMs.
 Person to Business Payments ‐ e.g. a. utility bill payments,
b. merchant payments
 Business to Person Payments e.g. salary disbursement.
 Government to Person Payments e.g. elderly allowances.
Freedom‐fighter allowances.
 Person to Government Payments e.g. tax, levy payments.
 Person to Person Payments (One registered mobile Account

6. Transaction Limitation
Imposed by Bangladesh
Bank Through PSD Circular no. 01/2017, dated:
11/01/2017, Bangladesh Bank has reset the
transaction limit in the following manner-
Serial No. Type of transaction Transaction limit
Per Day Per Month
01. Cash in BDT 15,000/- (maximum 2
transactions)
BDT 1,00,000/- (maximum
20 transactions)
02. Cash out BDT 10,000/-(maximum 2
transactions)
BDT 50,000/-(maximum 10
transactions)
03. Person 2 person
transfer
BDT 10,000/- (no limit in
transaction number)
25,000/-(no limit in
transaction number)

7. Conditions and Limitations
of bkash.
 On January 11, 2017 as per PSD circular no-01/2017
Bangladesh Bank has brought some changes in the limit
of Mobile Financial Service transactions, which are-
Transaction
Type
Maximum Number of Transactions Maximum Amount
Per Day Per Month Per Day (Tk) Per Month (Tk)
Cash In 2 20 15,000 100,000
Send Money 20 70 10,000 25,000
Payment No Limit No Limit No Limit No Limit
Cash Out
from Agent
2 10 10,000 50,000
International
Remittance
No Limit No Limit 150,000 150,000

8. Recommendation
Laws/Acts should be strictly
monitored by central bank.
Prevent Terrorist Activities.
 Providing strong Privacy system.
To enact new law regarding
punishment of abusing mobile
banking.