Islami Bank Bangladesh PLC, in collaboration with Bangladesh Bank, has organised a roadshow, seminar, and stall exhibition in Chattogram today as part of the "Cashless Bangladesh Initiative Expansion Campaign".

Arief Hossain Khan, executive director and spokesperson of Bangladesh Bank, inaugurated the programmes as the chief guest, according to a press release.

In his speech, Khan said Bangladesh spends around Tk 20,000 crore annually on cash management. A significant portion of this cost can be saved through digital transactions and banking, he added.

He further said that when payments for goods or services are made digitally -- through cards or mobile transactions -- the risks associated with handling cash are reduced. Therefore, the Cashless Transaction Service initiative has been undertaken.

The roadshow began at the Agrabad intersection, paraded along the Badamtali main road, and concluded at Hotel Agrabad in the port city. A seminar followed at the hotel.

Rafeza Akter Kanta, director of the Payment Systems Department of Bangladesh Bank, presided over the event.

Md Mokbul Hossain, executive director of Bangladesh Bank; Md Altaf Hossain, additional managing director of Islami Bank Bangladesh; SM Sarwar Kamal, chief revenue officer (deputy secretary); and Md Sadi Ur Rahim Jadid, additional deputy commissioner (revenue), attended as special guests.

Md Parwez Anjam Munir, additional director of the Payment Systems Department of Bangladesh Bank, presented a video featuring the governor's welcome message and a presentation on the "Cashless Bangladesh" initiative.

Among others, Md Gias Uddin, owner of GS Ads, and Abul Kalam Azad, owner of Baraka Trading, were also present.