Shopping is happening without cash—why is reliance on cards growing?
The use of cards and digital transactions is growing rapidly in Bangladesh. The number of cards has nearly doubled over the past five years, with Bangladeshis spending 9.87 billion taka abroad using these cards. However, outstanding credit card debt is also on the rise. As the country moves toward a cashless economy, the primary challenges lie in ensuring cybersecurity, preventing card fraud, and maintaining consumer trust.
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