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Wednesday, July 6, 2022

‘Cashless Pay’ launched in the country

Zunaid Ahmed Palak/Photo: Arif Mahmud Riad

State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak on July 12 inaugurated the program of cashless payment-on-delivery solution ‘Cashless Pay’ through a video conference from his residence office.

He put emphasis on ‘virtual currency’ as Bangladesh is going to cashless society soon as the banks are implementing digital payment systems gradually.

In his speech as a chief guest, Palak said, “The country is also moving forward with four main objectives including human resources development, connecting the internet, e-governance and building IT industry to implement ‘Digital Bangladesh’.”

Cashless payments are financial transactions that are transfers of digital information between involved parties, rather than money in physical form.

According to BSS, the Bangladesh Bank Executive Director Mohd Humayun Kabir, Mastercard Bangladesh Country Manager Syed Mohammad Kamal, Eastern Bank Head of Retail Banking M Khorshed Anowar, e-Commerce Association of Bangladesh President Shomi Kaiser and Bangladesh Association of Software and Information Services President Syed Almas Kabir also attended the conference.

 

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