HC issues rule over 'excessive, arbitrary' MFS charges
The court also asked why a Mobile Financial Services Act should not be enacted to regulate MFS service charges, strengthen consumer protection and ensure accountability, with the aim of providing reasonable, fair and affordable charges, particularly for poor and unbanked users.
The High Court today (26 July) issued a rule asking why the collection of what it described as excessive and arbitrary service charges by mobile financial service (MFS) providers bKash, Nagad and Rocket should not be declared illegal and unconstitutional.
The court also asked why a Mobile Financial Services Act should not be enacted to regulate MFS service charges, strengthen consumer protection and ensure accountability, with the aim of providing reasonable, fair and affordable charges, particularly for poor and unbanked users.
The bench of Justice Md Mozibur Rahman Miah and Justice Md Rezaul Karim issued the rule after hearing a public interest writ petition.
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The respondents, including the finance secretary, posts and telecommunications secretary and the Bangladesh Bank governor, have been asked to respond to the rule within four weeks.
Advocate Obaidullah Al Mamun Sakib filed the writ petition and represented the petition during the hearing.
