World-renowned fintech expert Brett King said Bangladesh could transition to a cashless economy within 10–12 years through mobile-based digital financial services and digital identity infrastructure. The shift would enhance financial inclusion, reduce government expenditure, and curb counterfeit currency. The first-ever “Bankers Meet 2025,” organized by UAE-based Filips Limited with support from City Bank, Prime Bank, and AB Bank, discussed technology-driven banking solutions. Experts emphasized improving internet and mobile networks, affordable smartphones, and investing in digital infrastructure for sustainable growth.
Bangladesh could become a cashless society within 10 to 12 years. This would not only allow all citizens to access the banking network but also make cashless transactions a viable alternative. Achieving this would save the government significant funds and reduce the activities of counterfeiters.
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