Zunaid Ahmed Palak, the State Minister for ICT Division, has announced the ambitious goal of achieving 70% cashless financial transactions in the country by 2027. The minister shared this vision during a view-exchange meeting with stakeholders, where he connected online from the Natore Deputy Commissioner’s conference room on Monday.
Highlighting Natore as a model district, Minister Palak emphasized that the plan would be implemented there by 2025. He underscored the numerous benefits of cashless transactions, including the reduction of corruption, the elimination of terrorism, and enhanced security for individuals. Furthermore, he mentioned that the adoption of paperless and box-less e-tender systems in government offices across Bangladesh has already ensured transparency, accountability, and security.
Minister Palak also emphasized the importance of ensuring the security of businessmen by facilitating cashless transactions in various businesses, such as the sale of sacrificial animals. He pointed out the remarkable growth in internet users, which has increased from 5.6 million to 130 million in the span of 14 years, indicating the country’s progress towards a cashless society. The ultimate goal, he stated, is to build a 100% cashless Bangladesh by 2041, making financial transactions easier and more seamless for the people.
To facilitate digital transactions among financial institutions, Minister Palak highlighted the interoperable digital transaction platform called ‘Binimoy,’ which will serve as the central point for transactions. The function was chaired by Natore Deputy Commissioner Abu Naser Bhuiyan, and additional remarks were provided by Police Super of the district, Md Saifur Rahman, and Additional Director of Bangladesh Bank (BB), Md Nizam Uddin, who attended as special guests.
