Bangladesh Bank Governor Dr. Ahsan H. Mansur announced that global digital payment platform PayPal is preparing to begin operations in Bangladesh soon. Speaking at the ‘Agro Award 2025’ event in Dhaka, he said the move will significantly benefit freelancers and small entrepreneurs by enabling smoother international transactions and faster payment transfers. Mansur noted that the lack of international payment gateways currently hampers outsourcing and freelance earnings, often causing delays or non-payment. PayPal’s entry is expected to solve these issues and facilitate cross-border trade. He also emphasized reducing cash transactions to curb corruption, revealing that cash management costs the country around Tk 20,000 crore annually. Additionally, he urged banks to increase agricultural lending from 2% to 10% of total loans and improve SME loan distribution. Highlighting Bangladesh’s agricultural progress, he said food grain production has tripled since independence, reaching nearly 40 million tons.