BRAC Bank has rolled out 'Bangla QR' payment services at BRAC University to facilitate cashless transactions across the campus, marking a major step toward supporting Bangladesh Bank's 'Cashless Bangladesh' initiative.
Md. Mostaqur Rahman FCMA, Governor of Bangladesh Bank, inaugurated the initiative as the chief guest at a ceremony held at the university on Thursday (July 30).
Under this initiative, financial transactions on the BRAC University campus—including tuition and academic fees, cafeteria and retail payments, and other day-to-day transactions—can now be completed digitally using Bangla QR and other digital banking channels.
Bangla QR serves as the country's interoperable QR payment platform, allowing customers of various banks and mobile financial service (MFS) providers to make instant payments using a single QR code, regardless of their service provider.
Following the inauguration, the central bank governor conducted an interactive session with students, addressing questions regarding Bangla QR, digital payments, and Bangladesh Bank's national initiatives to build a cashless economy.
Speaking at the event, Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said, “This initiative demonstrates how technology can make everyday transactions simpler, faster, and more secure. We are delighted to partner with BRAC University in launching Bangladesh's first cashless campus and remain committed to supporting Bangladesh Bank's vision of a Cashless Bangladesh through innovative and inclusive digital payment solutions.”
Professor Syed Ferhat Anwar, PhD, Vice-Chancellor of BRAC University, termed Bangla QR a bold step toward a digitally inclusive society.
"However, we have to ensure the mass population’s access to connectivity and smart devices, which are the two other major pillars of the overall digital ecosystem, to ensure an inclusive society," he noted.
The event was organized with the support of students from the Finance and Accounting Club of BRAC University (FINACT).
A.N.M. Moinul Kabir, Director of Payment Department-1 and Md. Sharafat Ullah Khan, Director of Payment Systems Department-2 of Bangladesh Bank, along with BRAC University faculty members and students, were present at the ceremony.