When we see others spending, we feel pressured to do the same.
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.
