Banking & Financial Recoveries

Legal Framework for Mobile Financial Services (MFS) in Bangladesh

April 8, 2026 By Advocate Md. Zahid Chowdhury 6 Min Read
Legal Framework for Mobile Financial Services (MFS) in Bangladesh
Key Legal Highlights

Practical corporate advice from Supreme Court practitioners. Always consult legal counsel before signing founder equity schedules, RJSC filings, or commercial agreements.

Mobile Financial Services (MFS) like bKash, Nagad, and Rocket operate under the regulatory framework of Bangladesh Bank. ZCA LEGAL assists fintech companies in obtaining necessary approvals, drafting partnership agreements with banks, and ensuring anti-money laundering (AML) compliance. We also help startups navigate licensing, agent contracts, and customer data protection obligations. Failure to follow MFS regulations can result in heavy fines or license cancellation. Legal advice ensures that fintech platforms grow within the financial ecosystem without breaching core banking laws.

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Adv. Zahid Chowdhury
Advocate Md. Zahid Chowdhury Head of Chamber | Advocate, Supreme Court of Bangladesh

Specializing in corporate governance, commercial contract litigation, and High Court writ matters. Standing Committee Member at DCCI.