Binimoy, an interoperable digital transaction platform, will be launched Sunday and transactions through it will be available from the next day.
Prime Minister's ICT Adviser Sajeeb Wazed Joy will inaugurate the breakthrough platform.
Governor of Bangladesh Bank Abdur Rouf Talukder will preside over the session.
In recent years, the government took steps to make all banks, mobile financial services, and PSP accounts interoperable.
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It will facilitate transactions between consumers, merchants, PSPs, e-wallets, banks, financial institutions, government agencies, and private organizations, said a media statement on Saturday.
Binimoy will make all forms of financial transactions cost-effective, simple, and transparent, including the payment of employee wages, the sending of remittances, the payment of taxes/VAT, the payment of utility bills, and e-commerce transactions.
The web-based platform will be integrated as a service into the apps of banks, mobile financial services, and payment system providers.
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Velwire, Microsoft Bangladesh, and Orion Informatics collaborated on the development of the platform as part of the Innovation and Entrepreneurship Development Academy (IDEA) programme of the ICT Division and the Bangladesh Bank.
Velwire will uphold the responsibilities of Binimoy.
Bangladesh Bank in a notice Thursday issued guidelines regarding the cost of the interoperable digital transaction platform.