27 C
Dhaka
Thursday, June 20, 2024

‘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.

 

Related Articles

U.S Embassy Applauds Journalist Safety Training

U.S. Embassy Applauds Journalist National Election Safety Training

0
Recognizing the crucial role of journalists in the upcoming national elections, the Edward M. Kennedy (EMK) Center partnered with the Bangladeshi Journalists in International...
Hola Browser

Hola gives the people of Bangladesh free access to a world of online content...

0
– The Hola Browser, a browser which includes a built-in 100% free peer-to-peer virtual private network (VPN), this week officially launched in Bangladesh,...
Universal College Bangladesh UCB

UoL degrees with London School of Economics’ academic direction, now at Universal College Bangladesh!

0
With the aim of providing world-class affordable education in Bangladesh, Universal College Bangladesh (UCB), the first Ministry of Education approved international education provider...
Bangladesh-MBA-Association

Bangladesh MBA Association (BMBAA) holds its 10th AGM and Election of Central Executive Committee...

0
Dhaka September 24, 2022: Bangladesh MBA Association (BMBAA) held its 10th Annual General Meeting today at IBA Auditorium, Institute of Business Administration (IBA), University...
Salman Khan-Being Human Clothing

Salman Khan’s ‘Being Human Clothing launching’ in Dhaka

0
Dhaka, 13 September 2022: Bollywood superstar Salman Khan owned clothing brand ‘Being Human Clothing’ launches its first outlet at Banani, Dhaka on the 15th...
Next Generation Bankers

NGGB Trust pays courtesy call to Shimanta Bank MD

0
Trustees of Next Generation Bankers Bangladesh (NGGB)—a platform that unites young bankers of the country for common good—on Wednesday paid courtesy visit to the...