Bangladesh, June 26 -- Bangladesh Bank (BB) has made the use of Bangla QR code mandatory from July 1 as part of its efforts to reduce cash-based transactions and accelerate the country's transition towards a cashless economy.

BB Deputy Governor NurunNahar made the announcement at the inauguration ceremony of "Bangla QR Transaction Campaign" held at the central bank's headquarters in Motijheel on Thursday.

Chairman of Association of Bankers, Bangladesh (ABB) and City Bank Managing Director MashrurArefin, along with chief executives and managing directors of various commercial banks were present at the event.

"The initiative to launch Bangla QR has been taken to build a cashless society by reducing cash transactions," said Deputy Govern...