Bangladesh is intensifying efforts to build a fully cashless economy by July 2027 through digital payment expansion and cost reduction. According to Md. Omar Faruk Khan, initiatives include upgrading digital platforms such as Selfin, iBanking, and MCash, which now support interoperable transactions across mobile financial services without cash-out. Partnerships with Mastercard have enabled several educational institutions to become fully cashless campuses using Bangla QR. Inspired by models from India, Sri Lanka, and Pakistan, Bangladesh is adapting foreign experiences to local realities, focusing on interoperability and low-cost peer-to-peer transfers. The central bank has capped transaction fees, allowing providers to reduce or waive charges. To ensure reliability, the bank has launched Selfin Echo, the country’s first generative AI-powered voice assistant for banking services. Despite progress, challenges remain in network reliability, cybersecurity, and system scalability during peak transaction periods. The overall goal is to make digital transactions easier, faster, and more affordable for all citizens.