Plastic money is not a new concept in Bangladesh but debit and credit card penetration in the country has been creeping along over the years due to a lack of awareness of their benefits coupled with a deep-seated fear of falling into a perceived debt trap.
With Eid-ul-Fitr just around the corner, streets all over Bangladesh are bustling with people who are either out shopping for gifts or groceries as well as those travelling home for the holiday.
Credit card spending hits four-month low dhakamirror.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dhakamirror.com Daily Mail and Mail on Sunday newspapers.
Spending through credit cards hit a four-month low in February as people have become cautious in spending based on loans in the face of spiralling inflation, several bankers said yesterday.