True transformation will happen when digital payments become as instant, trusted, and widely accepted as cash,” says Najith Meewanage
The CEO of Commercial Bank of Ceylon (CBC) Bangladesh, Najith Meewanage, acknowledges that Bangladesh’s progress toward a cashless economy is hindered by persistent cash usage due to established habits and infrastructure limitations. However, changing consumer behaviors and advancements in digital banking are driving the shift. CBC’s strategy to accelerate this transition centers on innovative, secure, and intelligent digital solutions. Their advanced digital platforms provide 24/7 access for individuals and automated transaction systems for businesses.
Meewanage emphasizes that user awareness about secure, inclusive, and user-friendly digital transactions is as crucial as technological advancements. He also highlights the necessity of government support in cybersecurity, financial literacy, and incentivizing digital adoption to ensure wider acceptance. True transformation will occur when digital payments are as instant, trusted, and widely accepted as cash, as exemplified by Singapore and Sweden. Financial institutions play a key role in driving this digital financial ecosystem forward.
Read the full interview here: https://www.thedailystar.net/supplements/swipe-celebrate/news/enhancing-digital-solutions-intelligence-and-security-3852946
