From July this year, all digital transactions at merchant points across the country must be conducted exclusively using the Bengali QR code, the central bank has announced. No other QR code or digital payment method will be accepted.
The directive, issued by Bangladesh Bank, requires all banks, mobile financial service (MFS) providers, and transaction operators to implement the Bengali QR system without exception. The move is intended to standardise QR-based payments and enhance the interoperability of digital transactions nationwide.
According to the new guideline, all merchant points must replace existing proprietary QR codes with the Bengali QR code by 30 June. The central bank has also emphasised resolving any technical issues associated with QR transactions and ensuring smooth interconnectivity between different payment platforms.
Bangladesh Bank Governor, Mostak Ahmed, explained that the initiative aims to reduce cash dependency and promote online transactions across the country. The new directive, issued on 1 April, warns that any merchant point operating cash-outs or transactions using non-Bengali QR codes will face cancellation of their QR code licence.
Several leading MFS providers currently operate proprietary QR codes at over one million merchant points. These must now transition to the Bengali QR code, a process that officials note will involve both time and additional cost.
| Key Details | Information |
|---|---|
| Implementation Date | July 2026 |
| Deadline for Transition | 30 June 2026 |
| Scope | All merchant points nationwide |
| Responsible Institutions | Banks, MFS providers, transaction operators |
| Existing Merchant Coverage | Over 1 million points with proprietary QR codes |
| Enforcement | Licence cancellation for non-compliance |
| Initial Pilot | January 2023, 1,200 small businesses |
The Bengali QR code was first piloted in January 2023, covering 1,200 small businesses. Although the initial rollout faced challenges, the central bank is now enforcing nationwide adoption through mandatory compliance.
Industry analysts note that a standardised QR code system will require MFS providers to share transaction volumes and revenues more transparently, which has caused hesitation among some providers. Experts suggest that introducing targeted incentives could encourage broader compliance and reduce resistance.
The central bank has made it clear that any entity failing to comply with the new rules will face legal action in accordance with existing regulations.