The services have received lukewarm responses from the targeted customers because they were launched hastily and lack user-friendly features and campaigns were not run to make them popular. Besides, there is no incentive and banks are unwilling, industry insiders said.

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 said establishment of cashless society in the country will expedite development and ease revenue collection as she launched "TakaPay", Bangladesh's own country card scheme

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.