Three banks yesterday launched the TakaPay card, the first ever national debit card, which is expected to reduce dependency on international payment schemes and save foreign currency.

TakaPay is Bangladesh's inaugural local currency card, recently unveiled by Prime Minister Sheikh Hasina. But what exactly is TakaPay? Let's explore this payment system and its potential benefits, including the card's practical aspects and an overview of what it is and how it works.

Prime Minister Sheikh Hasina today launched local currency card Taka Pay to reduce dependency on international card schemes like Visa and Mastercard and save much-needed US dollars.

What can be done with the national debit card? Where can the ‘Taka Pay’ card be found? Will the card end the business of Mastercard and Visa in Bangladesh?