Bangladesh Bank Governor Dr. Ahsan H. Mansur has stressed the urgent need to curb excessive cash transactions, saying they encourage corruption and make tax evasion easier. “The foundation of a cashless society in Bangladesh is becoming stronger. Within the next 7–8 years, Bangladesh will emerge as a major hub of cashless economy,” he stated. Highlighting mobile financial services (MFS) innovations, the governor said the concept of “nano loans” is gaining popularity, with an average of 4,000 people receiving such loans daily, amounting to Tk 7,000 crore in total disbursements. He emphasized that restoring discipline in the financial sector remains the biggest challenge, as well as introducing innovative and inclusive financial services to strengthen the macroeconomy.