Digital finance contributes improved convenience, financial inclusion, and costbreduction. Online banking and mobile payments enable access to financial servicesb anytime, anywhere. The platforms such as bKash, Rocket and Nagad are widely used when the Bangladeshi pay utility bills, salary disbursement and donations. Loans and savings, and remittances from foreign countries are also available. In Bangladesh, where regional disparities in infrastructure are significant, this can be considered a revolutionary service that reduces poverty gaps and stabilizes livelihoods.
The cashless society also reduces service costs. The costs associated with transporting and storing cash must be decreased significantly. It does not require maintenance fee of ATMs and bank teller services. Even those who hold traditional bank accounts would visit banks and wait for procedures less frequently by utilizing digital finance. From a broader perspective, it is expected to enhance the
transparency of transactions since they are preserved as electronic records. In the 2024 Corruption Perceptions Index, Bangladesh ranked 151st out of 180 countries and improvement. regions, and transparency is a national issue. It could serve as a catalyst for the
