Home Business The urge for joint ventures to build a cashless Bangladesh

The urge for joint ventures to build a cashless Bangladesh

by endroar

In the workshop, top officials of Bangladesh Bank's payment system department and digital payment department of various banks, representatives of retail and wholesale traders and entrepreneurs of various fintech and financial-technology institutions participated in the discussion.

What the speakers highlighted as the challenges of cashless payment are the reluctance of small shopkeepers to accept digital payments through the use of smartphones and apps, the complexity of using bank apps, high transaction costs, technical complexity related to Bangla QR and lack of awareness at the customer level, etc.

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