Tahmidur Remura Wahid TRW Law Firm

Banking and Finance

Adv. Rafy Hossain is a Partner in the Banking & Finance practice at Tahmidur Remura Wahid (TRW) Law Firm. He specialises in financial regulatory advisory, payment systems regulation, fintech structuring, and complex banking transactions, with particular expertise in Payment Systems Operator (PSO) and Payment Service Provider (PSP) licensing frameworks in Bangladesh.

Adv. Rafy Hossain is a leading practitioner in Bangladesh’s evolving financial regulatory and fintech landscape. His practice focuses on banking transactions, regulatory structuring, digital payments infrastructure, and Bangladesh Bank compliance matters.

He has extensive experience advising on PSO licensing, PSP compliance, electronic money frameworks, and regulatory structuring under Bangladesh Bank’s Payment Systems Department (PSD). His work includes advising on acquisition of licensed PSO entities, restructuring of shareholding to meet regulatory thresholds, compliance audits, DCDR (Data Center & Disaster Recovery) inspection preparedness, and regulatory reporting obligations.

Adv. Rafy regularly advises fintech operators, digital wallet platforms, switching companies, payment gateways, and financial institutions on:

• PSO and PSP licensing and regulatory approvals• Share transfer compliance in regulated financial entities• Bangladesh Bank fit-and-proper assessments• Capital adequacy and governance requirements• Payment processing agreements and bank integrations• EMI and card network integrations (Visa/Mastercard frameworks)• TCS account structuring and settlement compliance• PCI-DSS regulatory alignment and operational compliance

He has acted in high-value transactions involving the acquisition and restructuring of licensed financial technology entities, advising buyers and sellers on regulatory clearance conditions, escrow structures, token payments, and completion mechanics aligned with Bangladesh Bank approval processes.