Bangladesh’s digital finance industry is growing fast. More people are using their phones to pay for things, send money, and buy online. According to a new report by the Foreign Investors’ Chamber of Commerce and Industry (FICCI), fintech services are becoming a big part of daily life in Bangladesh. One of the biggest changes is the rise of QR code payments. These codes let people scan with their phones and pay in seconds. Shops, tea stalls, and rickshaw drivers are now accepting QR code payments across cities like Dhaka and Chattogram. It’s quick, safe, and doesn’t need cash. The report says that in 2024, digital payments increased by over 30%. Much of this came from mobile wallets like bKash, Nagad, and Rocket, which are used by millions. They let users pay bills, shop online, and send money to family members—all through simple apps. Another exciting change is the use of NFC (Near Field Communication). This lets people tap their phone or card to a machine and pay instantly. Banks are now testing contactless debit cards, making checkout lines faster at stores and malls. FICCI’s report also says that Bangladesh is starting to use AI (Artificial Intelligence) in finance. AI helps find fraud faster and keeps people’s money safe. For example, when someone tries to hack into a mobile wallet or make fake payments, the system can block it in real-time. Education is a key factor contributing to the growth of the fintech industry. Many universities and tech schools now teach students how to design digital payment apps, use AI in banking, and protect data. Companies are hiring these young talents to build smarter financial tools. The government is also helping by supporting rules and digital ID systems. These help individuals create digital accounts more easily, particularly in rural regions. As a result, more people who didn’t have access to banks before can now join the financial system. Experts believe that Bangladesh’s fintech sector can reach $5 billion in value by 2027 if the current pace continues. With simple apps, better technology, and strong support from schools and banks, digital finance in Bangladesh is ready to lead the way.
