Mastercard, in collaboration withIslami Bank Bangladesh PLC, today announced the inauguration of Bangladesh’s first-ever fully cashless university campus at Rajshahi University under 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, a press release said.
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, offering them a convenient and secure way to manage their daily financial needs.
The inauguration ceremony was attended by Professor Dr. Mohammad Main Uddin, Pro-Vice Chancellor (Administration)of Rajshahi University, as the chief guest. WhileRathin Kumar Paul, Director, Rajshahi Office, Bangladesh Bank;Md. Sharafat Ullah Khan, Director, Payment Systems Department; and Rafeza Akhter Kanta, Director, Payment Systems Department from Bangladesh Bank joined the ceremony as special guests. Senior officials Islami Bank Bangladesh PLC, and Mastercard were also present at the event.
Mohammad Jamal Uddin Mazumder, Additional Managing Director, Islami Bank Bangladesh PLC, 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, Country Manager, Bangladesh, Mastercard 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.”
The cashless campus initiative at Rajshahi University is expected to benefit the students and faculty members, positioning the university as a pioneer in digital transformation in the education sector.
