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Authors:
| Md. Hafizur Rahman | HafizLab, Bangladesh |
https://oajea.hafizlab.com/article/01-01-005 
https://doi.org/10.64886/oajea.0101.005 
Index Terms:
Cashless Society, Digital Transactions, Bangladesh Bank, Transparency, PolicyAbstract:
As part of the Digital Bangladesh initiative, the need for a cashless society has become increasingly significant. Cash transactions still dominate economic activity in Bangladesh, leading to corruption, tax evasion, money laundering, and financial crimes. To transition to a cashless society, it is necessary to encourage digital transactions, formulate effective policies, and implement technology-based transaction monitoring systems. This study examines the challenges of creating a cashless society in Bangladesh, proposes strategic approaches to overcome these barriers, and highlights the role of digital transactions in enhancing financial transparency. Drawing on literature review, policy analysis, and evidence-based reasoning, it emphasizes how the integration of the banking system, mobile financial services, and supportive policy frameworks can accelerate the country’s transition towards a transparent and sustainable cashless economy.Conclusion:
The transition towards a cashless society in Bangladesh demands coordinated efforts from regulators, financial institutions, fintech companies, and citizens alike. Addressing infrastructural limitations, strengthening public trust, and ensuring transparency in digital transactions are critical prerequisites for success. With supportive policies, technological innovation, and widespread adoption of digital financial services, Bangladesh can move closer to establishing a more inclusive, transparent, and accountable cashless economy.License:
Articles published in OAJEA are licensed under a Creative Commons Attribution 4.0 International License.Cite This Paper:
Md Hafizur Rahman “Challenges, Strategies, and Transparency of Digital Transactions in Building a Cashless Society: Bangladesh Perspective”, Open Access Journal on Engineering Applications (OAJEA), Volume No. 01, Issue No. 01, Page 38-41, July, 2025. https://doi.org/10.64886/oajea.0101.005Reference:
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[2] Md. Hafizur Rahman, B. M. Salahuddin, Rebina Ferdous, M. Naderuzzaman, M. A. Kashem, “Corruption minimization systems based on the detection of abnormal financial transactions: A Perspective of Bangladesh”, International Journal of Science and Research Archive , GSC Online Press, Issue - 1,Volume - 13, Page No. - 2589-2596, 2024. https://doi.org/10.30574/ijsra.2024.13.1.1944
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Journal Information
| Frequency: Quarterly |
| Submission to First Decision: 7 days |
| Submission to Acceptance: 30 days |
| Accept to Publish: 15 days |
| Article Processing Charges (APCs): None |
