News
Insurance sector reform urgent
12+ hour, 37+ min ago (748+ words) The Financial Express Insurance sector reform urgent Bangladesh's insurance sector presents a striking paradox: despite having an unusually large number of insurance companies, insurance penetration remains among the lowest in the world. For example, while most vehicles on the country's…...
Bangladesh on cusp of transition to cashless economy
1+ mon, 1+ day ago (793+ words) According to Bangladesh Bank data, the country had more than 239 million registered MFS accounts by early 2025. Annual transactions exceeded Tk 17 trillion in 2024, while monthly transactions reached a record Tk 1. 64 trillion in December last year. The rapid growth demonstrates how mobile-based…...
Plastic money boom amid Bangladesh's uneven cashless shift
1+ mon, 1+ day ago (1198+ words) From supermarket checkouts and online shopping carts to utility bills, overseas travel and freelance payments, plastic money is rapidly reshaping how Bangladeshis spend, save and transact. And this transition signals a major shift toward a more digitally connected and cashless…...
BB orders fake note detection booths at cattle markets ahead of Eid-ul-Azha
1+ mon, 2+ week ago (624+ words) Bangladesh Bank (BB) has instructed all scheduled banks to establish counterfeit currency verification booths at authorized sacrificial animal markets across the country ahead of Eid-ul-Azha in a move aimed at preventing the circulation of forged banknotes during the peak festive…...
Economics of illness and inequality
1+ mon, 2+ week ago (600+ words) The Financial Express Economics of illness and inequality Out-of-pocket healthcare costs in Bangladesh have risen to such an extent that they are erasing, to a large extent, whatever economic progress poorer households have managed to achieve. The latest study by…...
Transactions thru' plastic money almost double to Tk 479. 05b in five years
2+ mon, 23+ hour ago (580+ words) Bangladesh's card-based payment ecosystem has expanded significantly over the past five years as the number of issued cards more than doubled and transaction volumes rose sharply, reflecting a growing reliance on digital financial services. According to the latest Bangladesh Bank…...
Fintech Pine Labs to launch stablecoin payments outside India, CEO says
3+ mon, 2+ week ago (365+ words) Pine Labs will launch a stablecoin-backed prepaid card across nine countries in the Middle East, Africa and Southeast Asia by the end of April, the fintech firm's chief executive told Reuters, marking the first attempt by an Indian payments major…...