Mastercard, in collaboration with Islami Bank Bangladesh PLC, on Thursday announced inauguration of Bangladesh’s first-ever fully cashless university campus at Rajshahi University under the Bangladesh Bank’s ‘Cashless Bangladesh’ initiative.
The transformation will enable students, faculty and visitors to conduct quick, secure and convenient digital transactions across campus facilities, significantly reducing reliance on cash and accelerating the adoption of smart financial services, said a press release.
As part of the initiative, Rajshahi University is being equipped with digital payment acceptance tools such as Point-of-Sale (POS) machines and Bangla QR, ensuring that all campus transactions – from cafeterias and bookstores to administrative offices – can be completed digitally.
In addition, an exclusive debit card for students has been launched through the ceremony.
Rajshahi University pro-vice chancellor (administration) Mohammad Main Uddin was present as chief guest in the launch event.
Bangladesh Bank Rajshahi Office director Rathin Kumar Paul, Payment Systems Department directors Md Sharafat Ullah Khan and Rafeza Akhter Kanta joined as special guests.
Among others, Islami Bank additional managing director Mohammad Jamal Uddin Mazumder and Mastercard Bangladesh country manager Syed Mohammad Kamal were present.
Mohammad Jamal Uddin Mazumder said, ‘We are proud to partner with Mastercard in transforming Rajshahi University into the country’s first fully cashless campus. This milestone reflects our ongoing commitment to drive digital transformation, foster financial inclusion, and empower students and faculty with seamless, secure payment solutions that enhance their daily lives. The launch of a dedicated student debit card will further strengthen this ecosystem.’
Syed Mohammad Kamal said, ‘Mastercard is proud to collaborate with Islami Bank Bangladesh to launch this pioneering initiative at Rajshahi University. By introducing modern digital payment solutions and a dedicated student debit card, we are not only supporting the vision of a truly ‘Cashless Bangladesh’ but also demonstrating how innovation can empower young communities and accelerate the nation’s journey toward a robust digital economy.’
