Bangladesh | Central Bank Mandates State QR Payment System
Starting July 1, every merchant QR code in Bangladesh will be replaced by a government-backed standard. This comes after Bangladesh Bank announced that Bangla QR, its QR code system, will become mandatory. Banks and payments providers are required to update their existing merchant QR codes to Bangla QR by June 30 or face financial penalties. Officials claim the system will help create more digital transaction records, shrink the informal economy, improve tax collection, and strengthen anti-money laundering efforts. It also comes as part of the central bank’s efforts to reduce reliance on more private payment methods, such as cash. FinancialFreedomReport.org
Podden och tillhörande omslagsbild på den här sidan tillhör
ODELL and Marty Bent. Innehållet i podden är skapat av ODELL and Marty Bent och inte av,
eller tillsammans med, Poddtoppen.
