Dhaka, July 26 -- The High Court on Sunday issued a rule asking the authorities concerned to explain why the arbitrary and excessive service charges imposed on customers by mobile financial service (MFS) providers - bKash, Nagad and Rocket - should not be declared illegal and unconstitutional.

The court also asked the government to explain why it should not be directed to formulate a separate law to regulate mobile financial services.

The bench of Justice Md Mozibur Rahman Miah and Justice Rezaul Karim issued the rule following a public interest litigation petition filed by Supreme Court lawyer Obaidullah Al Mamun Shakib.

The proposed law would regulate service charges, ensure consumer protection and accountability, and make MFS charge...