Paragraph : Cashless Bangladesh
Cashless Bangladesh The concept of Cashless Bangladesh has recently become more prominent due to Covid-19 pandemic. Bangladesh Bank announced the use of universal Bangla QR (Quick Response) code back in 11th March 2019 for every citizen to make cashless transaction. bKash, Rocket, and Nagad are the most popular mobile banking apps. Besides there are debit and credit cards, and the Points of Sale (POS). The benefits of cashless Bangladesh include increased efficiency and convenience for consumers, as well as reduced costs for businesses. Challenges include to increase the number of people who have access to electronic payment methods, particularly in rural areas and concerns about the security and privacy of electronic payments is in place to protect consumers. The Bangladesh Bank has launched ‘Cashless Bangladesh, Smart Bangladesh’ campaign from Motijheel to bring small / micro merchants to take payment through Bangla QR code has started with an initial engagement of 1,200 merch...