Bangladesh has launched a local currency card, Taka Pay, the first of its kind in the country, as part of its efforts to build a cashless society.
Prime Minister Sheikh Hasina on Wednesday inaugurated Taka Pay from her official residence Ganabhaban in capital Dhaka.
The card will be issued by the state-owned Sonali Bank and the privately-owned City Bank and Brac Bank in collaboration with the central bank of Bangladesh. Speaking at the inauguration ceremony, Hasina said this card will be a groundbreaking step for building a cashless society in Bangladesh.
She said as an independent and sovereign country, Bangladesh’s financial system has to be independent and sovereign to reduce dependency on others.—Xinhua
