Bangladesh Bank (BB) Governor Mostaqur Rahman has directed all commercial banks in the country to launch ‘Bangla QR’ apps by June this year to expand digital transactions and boost revenue.

The Governor issued this directive on Wednesday during an interactive session with business editors of electronic media held at the central bank headquarters.

Governor Rahman emphasized that political influence has historically been a major obstacle to ensuring good governance in the banking sector. He warned that no political interference will be tolerated in banking operations moving forward.

Speaking on the issue of non-performing loans (NPLs), the Governor instructed banks to implement rigorous scrutiny before approving projects. He also urged banks to exercise greater caution when disbursing high-risk loans to reduce the burden of defaults.

According to Bangladesh Bank, ‘Bangla QR’ is the nationally standardized, central bank-approved QR-based payment system. The technology allows customers to make secure, contactless digital payments via smartphone by scanning a code through their respective bank apps, eliminating the need for physical cash or cards.

The central bank noted that this system is designed for a wide range of users—from low- to high-income groups—and is accessible to retailers of all sizes, including small, medium, and large entrepreneurs, restaurants, and grocery stores.

Customers using Visa cards from banks that have already integrated ‘Bangla QR’ into their mobile apps and received Visa certification can currently make payments using this system.

One of the primary advantages for merchants is that no additional hardware or machines are required. Once a payment is completed, the shopkeeper receives an instant SMS confirmation.

Additionally, a dedicated merchant app will allow business owners to track daily transactions and access features like a digital ledger (Halkhata), service sales tracking, and wholesaler payment management.