Scope of Legal Practice & Representation
Financial technology innovation in Bangladesh operates under the oversight of Bangladesh Bank. ZCA LEGAL advises fintech founders, neobanks, payment switches, and mobile wallet operators under the Bangladesh Payment and Settlement Systems Act 2024 and MFS Regulations 2022.
Key FinTech Services
- PSP & PSO Licensing: Preparing comprehensive licensing applications for Payment Service Providers (PSP) and Payment System Operators (PSO) before the Payment Systems Department (PSD) of Bangladesh Bank.
- Mobile Financial Services (MFS) Compliance: Advising commercial bank MFS subsidiaries on agent network management, cash-in/cash-out transaction limits, and escrow account protections.
- AML/CFT & e-KYC Compliance: Formulating Anti-Money Laundering frameworks, transaction monitoring protocols, and digital Know Your Customer (e-KYC) policies adhering to BFIU guidelines.
- Bank Partnership & API Agreements: Drafting commercial contracts between fintech platforms, acquiring banks, and card payment networks (Visa, Mastercard, NPSB).
- Cross-Border Remittances: Structuring inbound digital remittance corridors with foreign money transfer organizations (MTOs) and Bangladesh Bank approvals.
Pioneering Financial Innovation
Our lawyers bridge regulatory scrutiny and technical architecture, enabling fintech ventures to launch with full statutory sanction.
Step-by-Step Legal Procedure
1
Preliminary Consultation & Fact Assessment
Evaluating client business model, relevant laws, and drafting roadmap.
2
Document Vetting & Statutory Drafting
Preparing customized agreements, petitions, affidavits, and board resolutions.
3
Regulatory Filing & Hearings
Submitting to RJSC / High Court / NBR / BIDA and conducting judicial hearings.
4
Certified Execution & Compliance
Delivering certified licenses, court orders, and ongoing retainer support.
Required Documentation Checklist
National ID / Passport copy of directors or applicants
Registered commercial office tenancy agreement & utility bill
Trade License, e-TIN, and relevant sector permits
Draft agreements, bank return memos, or existing correspondence
