National Payment Switch (NPS)
The Bangladesh Bank has taken initiative to establish National Payment Switch (NPS) in order to facilitate interbank electronic payments originating from different delivery channels e.g. Automated Teller Machines (ATM), Point of Sales (POS), Internet, Mobile Applications, etc. The main objective of NPS is to create a common platform among the existing shared switches already built-up by different private sector operators. NPS will facilitate the expansion of the card based payment networks substantially and promote e-commerce throughout the country. Online payment of Government dues, using cards and account number information through Internet will greatly be enhanced using NPS. Payment Systems Division (PSD), Department of Currency Management and Payment Systems (DCMPS), BB has started the implementation of NPS which is funded by the International Finance Corporation-Bangladesh Investment Climate Fund (IFC-BICF).