70pc transaction to be cashless by 2027: Palak

State Minister for ICT Division Zunaid Ahmed
Palak today said the country’s 70 percent financial transaction will be
cashless by 2027.

“As a model district, it will be implemented in Natore 2025,” he told a view-
exchange meeting with stakeholders in building a cashless Bangladesh joining
online from Natore Deputy Commissioner’s conference room.

Palak said cashless transaction reduces corruption, eliminates terrorism and
ensures people’s security.

Because of using paperless and box-less e-tender at government offices in
Bangladesh ensured transparence, accountability and security, he mentioned.

If cashless transaction can be held in any business including selling of
sacrificial animal, security of businessmen will be ensured, he said.

Before 14 years, the number of internet users in smart devices was 56 lakh
which is now 13 crore, the state minister said, adding: “We are making
strides to build a 100 percent cashless Bangladesh by 2041 to make people’s
financial transaction easier and smoother.”

Palak said interoperable digital transaction platform ‘Binimoy’ will be
center-point for transaction among financial institutions.

Natore Deputy Commissioner Abu Naser Bhuiyan chaired the function while
Police Super of the district Md Saifur Rahman and Additional Director of
Bangladesh Bank (BB) Md Nizam Uddin spoke on the occasion as special guests. (BSS)