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.

Bangladesh is set to launch its first domestic card scheme, “Taka Pay”, tomorrow aiming to reduce reliance on international card schemes such as Visa and Mastercard and save foreign currencies.

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?