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BB moves to boost cashless transactions
Bangladesh Bank yesterday rolled out an interoperable QR code as a part of its efforts to boost cashless transactions across the country, particularly in rural areas.
The uniform digital payment method named Bangla QR , will help clients pay their bills for purchased goods and services through any mobile banking application, mobile financial service (MFS) or payment service provider (PSP). This is a great move taken by the central bank to push cashless transactions in the country, industry insiders said.
The central bank s initiative came at a time when a growing number of population have started preferring to do transactions digitally because of convenience.