SSLCOMMERZ gets payment system operator licence

SSLCOMMERZ Limited has received a licence from the central bank to run operations as a payment system operator.

The payment gateway aggregator would run the operation under the brand name of SSLCOMMERZ, said the Bangladesh Bank in a notice on Monday.

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SSLCOMMERZ would work as a white-label merchant acquirer.

A white-label merchant acquirer is an entity that will deploy, own and operate automated teller machines and offer in-store merchants acquiring services such as point of sales or quick response payments. Besides, they may provide e-commerce merchant acquiring facilities.

Operating since 2010, SSLCOMMERZ is the largest payment gateway aggregator in Bangladesh and a pioneer in the fintech industry, according to its website.

It empowers more than 3,500 businesses by offering digital payment solutions, enabling them to extend businesses across mobile and web platforms.