Bangladesh Bank and commercial banks have collectively invested around Tk 12 trillion to promote cashless transactions across the country, according to a recent central bank report. The initiative includes building digital infrastructure, installing modern hardware and software, and expanding digital payment systems from cities to rural areas. Currently, about 45% of total financial transactions are conducted digitally, compared to 90% cash-based transactions previously. The move aims to reduce corruption, counterfeiting, and transaction risks while saving an estimated Tk 20,000 crore annually in cash printing and management costs. Despite progress, small-scale transactions remain largely cash-based, and cyber security has emerged as a major challenge due to low user awareness. The central bank is enhancing oversight, improving system security, and running awareness campaigns to encourage safer digital practices. Authorities believe that expanding digital payments will accelerate economic activity, formalize business operations, and increase government revenue by curbing illegal cash transactions.