The journey toward a cashless Bangladesh represents more than just a shift in payment methods; It is a transformation in the way people, businesses and institutions engage with the economy. Digital finance has already proven its ability to empower individuals by offering safe, convenient and inclusive access to financial services, particularly for those previously outside the formal banking system. Mobile financial services, QR-based payments, NFC payments, virtual cards are bridging gaps in daily transactions, while enabling businesses to operate more efficiently and transparently.
As an industry leader, City Bank PLC has pioneered innovative solutions such as Digital Nano Loan, the first of its kind in Bangladesh, which offers instant, collateral-free digital credit to individual consumers. By meeting urgent personal financial needs through a fully digital channel, Nano Loan reflects how technology can make banking more accessible, relevant and responsive to the lifestyles of today's consumers.
With the right collaboration between regulators, banks, fintechs and mobile operators, a cashless Bangladesh can become a powerful driver of inclusive growth, positioning the country as a frontrunner in the digital economy.
