BRAC Bank launches cashless Qurbani cattle haat booth in Diabari

BRAC Bank has inaugurated a Cashless Qurbani Cattle Haat Booth at Diabari in Uttara, Dhaka.

The digital payment booth at the cattle haat is part of a cashless initiative of Bangladesh Bank, according to a press release. Bangladesh Bank has made BRAC Bank the lead bank at Diabari Cattle Haat.

At the BRAC Bank booth, buyers and traders can withdraw and deposit money to bank accounts or Mobile Financial Services (MFS), send and receive money from any bank, make payments through QR code and POS machines, instantly open bank accounts, detect fake notes, and avail Agent Banking services on a 24/7 basis.

The booth enables livestock traders to securely deposit sales proceeds into banks, thereby reducing the risks associated with using cash. At the same time, buyers are also becoming accustomed to fast and secure digital payments.

The inauguration ceremony on May 24 was attended by cattle farmers, traders, buyers, and officials of Dhaka North City Corporation and other stakeholders of the Qurbani cattle market ecosystem.

ANM Moinul Kabir, director, Payment Services Department-1, Bangladesh Bank, attended the programme as chief guest.

Md Perwez Anzam Moonir, additional director, Payment Systems Department, Bangladesh Bank, and Khairuddin Ahmed, head of merchant acquiring, BRAC Bank, attended as special guests.

From BRAC Bank, Dabashish Bhowmik and Zahedul Matin, branch and cluster managers, were also present.

Under this initiative, buyers and sellers of sacrificial animals will be able to make secure and convenient transactions through POS machines, Bangla QR payments, Agent Banking, ATM cash deposit and withdrawal facilities, and other digital banking channels.

The initiative aims to promote safe, transparent, and hassle-free transactions during the Eid-ul-Azha cattle trading season while reducing the risks associated with carrying cash, including theft, fraud, and counterfeit currency. The programme also supports financial inclusion and advances Bangladesh’s vision of a smarter and cashless economy.