Optimum Solution gets licence to run payment system

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

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

Optimum Solution is an information solution developer that provides services and solutions and supports industries such as IT, agriculture, telecommunications, manufacturing, and health, said its website.

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.