Bangladesh, Aug. 12 -- Bangla QR can play a transformative role in Bangladesh's digital payment ecosystem by allowing customers to make payments through a single interoperable QR code across participating banks as well as mobile financial services (MFS) and payment service providers, said Rupali Bank Managing Director Kazi Md. Wahidul Islam.

Advertisement He said its wider adoption could reduce dependence on cash, improve transaction transparency and bring small businesses and rural entrepreneurs into the formal digital financial system.

However, he thinks that greater merchant onboarding, public awareness, strong cyber-security, incentives and coordination among financial service providers and the government will be essential for maki...