Pubali Bank PLC, in collaboration with Bangladesh Bank, recently organised a seminar on the "Cashless Bangladesh Initiative" at the Rangpur Shilpakala Auditorium in Rangpur, under the central bank's initiative.

Arief Hossain Khan, executive director and spokesperson of Bangladesh Bank (BB), inaugurated the seminar as the chief guest, according to a press release.

Khan said transparency, efficiency, and security in transactions will be ensured in the country's economy through the implementation of the "Cashless Bangladesh Initiative".

He also noted that the expansion of the digital payment system will bring rural and marginalised people under the umbrella of financial inclusion.

Pubali Bank PLC was the lead bank for the seminar, which was presided over by Rafeza Akhtar Kanta, director of the Payment Systems Division at the BB.

Md Ali Mahmud, executive director of Bangladesh Bank's Rangpur Office; Christopher Himel Richil, additional deputy commissioner of Rangpur; and Emdadul Hossain, president of the Rangpur Chamber of Commerce and Industry, attended the event as special guests.

Mohammad Ali, managing director and CEO of Pubali Bank, said, "The country's economy will become more transparent, dynamic, and secure with the expansion of digital transactions. Pubali Bank is working on a digital platform to provide easy, fast, and modern banking services to its customers."

"We believe that if a cashless Bangladesh is developed, corruption will decrease, revenue will increase, and the rural economy will become stronger. Pubali Bank is proud to be a part of this transformation," he added.

Md Shahnewaz Khan, deputy managing director of the bank; Md Faizul Hoque Sharif, general manager of the general banking and operations division; Md Rabiul Alam, deputy general manager and head of the ADC Division; and Mohammad Altab Hossain, regional head and deputy general manager of Rangpur Region, along with officials from Bangladesh Bank, branch managers of government and private commercial banks in Rangpur, officials of regional mobile financial services (RMFS), and representatives of local traders' and merchants' associations, were also present.