Optimum Solution gets payment system operator licence

Optimum Solution & Services Ltd has received a licence from the Bangladesh Bank to operate as a payment system operator (PSO).

The company will run the operation under the brand name of Easy Payment System (EPS), according to a notice of the central bank today.

PSOs operate a settlement system for payment activities between or among participants of which the principal participant must be a scheduled bank or financial institution.

They are also known as payment gateways and payment aggregators.

Authorised PSOs in Bangladesh include IT Consultants Ltd, Software Shop Ltd, ShurjoMukhi Ltd, Portonics Ltd, Walletmix Ltd, and Soft Tech Innovation Ltd.