Google Pay’s possible launch in Bangladesh promises streamlined payments and digital integration, but concerns over security, internet reliability, and infrastructure highlight the need for local adaptation before a truly cashless lifestyle becomes reality.
70% of the digital payments came through ecommerce
Authorities should ensure full repayment to defrauded customers
The Bangladesh Bank will commence a campaign tomorrow to popularise an interoperable QR code across the capital city in a move to bring millions of small businesses such as street vendors and lower-income groups under the digital transaction system.
Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.
Google Pay’s possible launch in Bangladesh promises streamlined payments and digital integration, but concerns over security, internet reliability, and infrastructure highlight the need for local adaptation before a truly cashless lifestyle becomes reality.
70% of the digital payments came through ecommerce
Authorities should ensure full repayment to defrauded customers
The Bangladesh Bank will commence a campaign tomorrow to popularise an interoperable QR code across the capital city in a move to bring millions of small businesses such as street vendors and lower-income groups under the digital transaction system.
Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.
