UCB hosts ‘Cashless Bangladesh Initiative’ programme in Kushtia

United Commercial Bank PLC (UCB) yesterday organised a daylong programme, titled “Cashless Bangladesh Initiative”, in Kushtia under an initiative of Bangladesh Bank to promote a cashless financial system.

Md Amzad Hossain Khan, executive director of Bangladesh Bank’s Rajshahi office, inaugurated the programme as the chief guest at the Kushtia Shilpakala Academy, according to a press release.

In his speech, Khan said the government spends a significant amount every year on printing, transporting and securing cash. Expanding digital transactions, particularly the use of Bangla QR, would substantially reduce these costs while enhancing financial security for the public, he added.

As a special guest, Arief Hossain Khan, executive director and spokesperson of the central bank, said implementing the Cashless Bangladesh initiative would ensure greater transparency, efficiency and security in financial transactions. 

He added that expanding digital payment systems would also help bring rural and marginalised communities under enhanced financial inclusion.

Mohammad Mamdudur Rashid, managing director and CEO of UCB, said expanding digital transactions would make the country’s economy more transparent, dynamic and secure. 

“UCB is working on digital platforms to provide customers with easy, fast and modern banking services,” he said.

“We believe that building a cashless Bangladesh will reduce corruption, increase revenue and further strengthen the rural economy. UCB is proud to be part of this transformation,” he added.

ANM Moinul Kabir, director of the Payment Systems Department-1 at Bangladesh Bank, presided over the event.

Md Mizanur Rahman, additional deputy commissioner (education and ICT, and development and human resource management) of the Kushtia district administration, along with senior officials of UCB and other banks and participants from various professions, were also present.